SSI

A small scale industry means, for the purposes of SSI exemption is a unit whose turnover in the previous year is less than 4 crores. In this turnover certain turnovers like export turnover etc. is not included. A small scale unit is exempted from duty for the first domestic clearance of 1.5 crores.

Theoretically yes, as the goods are not suffering the duty burden. But practically it doesnt happen.

Hi Sneha

ssi meaning is not define in excise act .

Exemption is availabe to ssi on turnover of Rs 150 lakhs  .That is calculated every year ,if the turn over is less than 400 lakhs in last year.(it is calculated every year ) than the unit is ssi and can avails exemption .

unit can sale less the last year sale prise.

bye