small scale industries, Central Excise

[manoj raut]

Dear sir,

In Central excise

What is benifit in small scale industries .  Which unit is small scale industries how understand?

Please guide.

Regards

Manoj

 

Posts / Replies

[sv bhasker]

In Central Excise, a unit can have the exemption from payment of excise duty upto a value of clerances of Rs. 1.5 Cr  in a financial year under Notification No. 8/2003-CE which is meant for small scale industries. The SSI units can file quarterly Returns.  The unit with  maximm Rs. 4 Cr a turnover during the last finanancial year is eligible to avail exemption under 8/2003-CE in the next financial year.