Ssi exemption unde central excise
G.JAYAPRAKASH
(Querist) 04 November 2011
This query is : Open
AN ASSESSEE CAN AVAIL THE SMALL SCALE EXEMPTION UPTO 1.5 CRORE VALUE OF GOODS PRODUCED OR MFD IN A FINANCIAL YEAR AND IT HAS TO BE AVAILED FROM THE BEGINING OF THE FINANCIAL YEAR.tHE SAME IS APPLICABLE FOR A MANUFACTURER FROM ONE OR MORE FACTORIES OR BY DIFFERENT MANUFACTIRERS FROM ONE FACTORY.tHE SAME CANNOT BE AVAILED OR DIS CONTINUED MID WAY IN A FINANCIAL YEAR . THIS IS AS PER MY UNDERSTANDING OF THE PROVISIONS.
G.JAYAPRAKASH
SUPERINTENDENT, CE