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ssi exemption, Central Excise |
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ssi exemption |
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Whether trading and manufacturing can be done at the same through claiming exemption of 1.5 crore or 4 crore as per notification no. 08/2003 of central excise Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Sir, You have to maintain separate records in respect of trading goods. Under Central Excise Law there is no bar to trade in goods from the same premises in which manufacturing activity is being carried out. Therefore value of traded goods need not be included to calculate value under SSI exemption Notification.
Sir, additionally I would like to submit that the assesse need to maitain separate books of account for trading and for manufacturing. Handling both the business in the same premise is a challenging task. Thanks.
Practically it is to invite trouble. Page: 1 Old Query - New Comments are closed. |
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