Ssi exemption query
sabari (student) (38 Points)
22 May 2016sabari (student) (38 Points)
22 May 2016
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 23 May 2016
Whether it has crossed 150 lakhs of value of clearances ( not turnover) in which exports, trading ++ would be exlcuded. Job work nopt under any notification done which involves manufacture would include the cost of raw material supplied free of cost. ,
If exceeded then they need to register and for 2016-17 again claim the 150 lakhs exemption if felt necessary. As there are many related issues, it is ideal to read some good commentary for more information. See SSI chapter in central excise made simple - free download at hiregangeacademy.com
jogendra
(DGM-Commercial)
(331 Points)
Replied 30 May 2016
if the value of clearance is not exceeded 4.5 CR in the previous FY, then SSI exemption would be available for Current FY. For the purpose please submit option letter to your jurisdictional superintendnet.
regards
js chauhan
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