Dear All
I am confuse in calculation turnover of SSI 150/400 what to include in 150Lac or what to include in 400Lac could you please tell me point wise what to include in 150Lac turnover or 400Lac turnover..?
Pankaj Arora (Learner) (3134 Points)
14 March 2011
Dear All
I am confuse in calculation turnover of SSI 150/400 what to include in 150Lac or what to include in 400Lac could you please tell me point wise what to include in 150Lac turnover or 400Lac turnover..?
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 14 March 2011
SSI exemption of 150 Lacs
progressitve total of all exisable goods cleared from factory or factories for home consumption upto 150 Lacs, where cenvat credit is not availed on inputs,
does not include : 1) goods manufactured on others brands 2) goods exempted in CETA 3) goods cleared for exports / SEZ / 100% EOU 4) any goods manufactured and exempted by virtue of any notifaction 5) goods produced on job work basis for other manufacturers where the exise duty is payable by principal manufacturer. 6) trading goods
SSI exemption of 400 Lacs from factory or factories of same manufacturer for home clearence upto 400 lacs with or without cenvat credit on inputs.
Exemptions : 1) goods cleared for exports /SEZ/100% EOU 2) goods produced on behalf of other manufactuer as job work where the duty is payable by principal 3) trading goods
after 400 lacs the assesee is barred to availed the 150 Lacs exemption is forthcoming years. i.e he is liable to pay duty from zero in subsequent years.
Goods manufactured in a factory or factories
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