SSI LIMIT for Investment, Other Topics

[Ajit Gandhi]

We are going for expansion, and after expansion our books will have over ₹ 10 Crore of Investment. We need to know if we are still an SSI. The investment structure is like : Land & Building ₹ 5 Crores and Machinery over ₹ 11 Crores. Out of ₹ 11 Crores, ₹ 1.5 Crore is spares & machine installation, but we have capitalized the same in our books. Now for SSI purpose we have made a seperate chart stating actual investment in plant & machinery, which is ₹ 9.5 Crores. Please give your feedback, stating are we eligible to be an SSI unit.

Posts / Replies

[YAGAY AND SUN]

Dear Ajit,

You may still avail the benefits of SSI exemptions. Please also check the State Specific laws in this matter also.

Regards,

YAGAY and SUN

(Management, Business & Indirect Tax Consultants)

[kailash singhal]

NOW LIMIT OF RS 25 LACS FOR MICRO UNITS , RS 5 CRORE FOR SMALL UNITS AND RS 10 CRORES FOR MEDIUM SCALE UNITS FOR INVESTMENT IN PLANT AND MACHINERY AS PER MSMSE ACT 2006 . CERTAIN TYPE OF EXPENSES AND INVESTMENTS ARE NOT COVERED BY ELIGIBLE INVESTMENT NOTIFICATION WHICH IS ATTACHED TO MSME REG PART I/II

REGARDS

CA KC SINGHAL, SILVASSA