Ssi examption


We are having a SSI unit and doing business of manufacturing and we are awailing the examption from excise duty under notification 49/2003 this examption period is ended in 25 january 2016, as per law now we are eligible for excise duty my question is can we we awail the examption under notification 08/2003 or not from 01.04.2015 to 25.01.2016 we had turnover 145Lakh, we done the turnover in year 2014-15 199 Lakh and since we are awailing the examption under notification 49/2003 we done the turnover more then 400 Lakh in year 2011-12 my final question is that can we awail the SSI examption of 150 Lakh

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Consultant in Indirect Tax Matters

Dear Sir, This is a typical question. I give the following for your reference Since , your eligibility of claiming exemption under Notification No. 49/2003 ( I presume that this is an area based exemption), it is better that you have to submit an intimation letter to your jurisdictional excise Authorities about your intension of availing SSI exemption,( Subject to your meeting the eligible critiria prescribed in the SSI exemption) from 01.04.2016 and file the required declaration accordingly. Regards Suryanarayana
 
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