Ssi exemption
Rohit (Student CA Final ) (34 Points)
28 March 2016Rohit (Student CA Final ) (34 Points)
28 March 2016
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 29 March 2016
In htis case you are the raw material supplier getting goods manufactured by a 3rd party manufacturer. He is the manufacturer who is liable to pay the duty without cliam of SSI as it is a branded goods.
As far as you are concerned your value of clearacnes for small scale exemption is NIL as you are only doing trading. You are eligible for the Rs. 150 lakhs exemption for manufacture.