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Small scale limit, Other Topics

Issue Id: - 3195
Dated: 19-7-2011
By:- avinash karwa

Small scale limit


  • Contents

Dear sir,


Please provide Small scale industries investment limit related circular.

 

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Showing Replies 1 to 2 of 2 Records

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1 Dated: 19-7-2011
By:- pradeep khatri

 

Small scale industrial units are those engaged in the manufacture, processing or preservation of goods and whose investment in plant and machinery (original cost) does not exceed Rs. 1 crore. These would, inter alia, include units engaged in mining or quarrying, servicing and repairing of machinery. In the case of ancillary units, the investment in plant and machinery (original cost) should also not exceed Rs. 1 crore to be classified under small-scale industry.

The investment limit of Rs.1 crore for classification as SSI has been enhanced to Rs.5 crore in respect of certain specified items under hosiery and hand tools by the Government of India.

Though I could not find out any circular but appended link may provide you the answer as mentioned above by me.

http://www.rbi.org.in/scripts/FAQView.aspx?Id=8


2 Dated: 26-7-2011
By:- Swamy RR

Dear mr. avinash,

 

1.  The Definition of SSI differs from one law to another law.

 

2.  Under central excise,  SSI means whose  specified clearance of goods in the previous financial year did not exceed Rs. 400 lakhs.  To calculate , Rs. 400 lakhs,  direct exports, deemed exports, third party exports, suppies to SEZ units are to be excluded.

 

3.  SSI is also defined under  MSME Act.  Under the said Act, SSI means  whose investment in plant and machinery did not exceed Rs. 500 lakhs.  The Act also says, which are the items to be excluded to arrive at the said Rs. 500 lakhs limit

 

4.  Hope,  the matter is clarified

 

Thanks and regards,

 

Swamy RR

 

 

 


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