TMI BlogSSI limit applicableX X X X Extracts X X X X X X X X Extracts X X X X ..... If a firm has levy duty from March 2011' for their goods @1% of eligible turnover (after adjusting SSI limit) but its total turnover at the end of the FY 2010-11 would be less than Rs.4 Crores t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hen whether it is necessary to levy duty from 1st april 2011' or after acheiving the SSI Limit of 1.5 crores for FY 2011-12? - Reply By Seetharaman K C - The Reply = If the taxable turnover of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... firm for the preseding financial year exceeds 4 crores limit then the SSI exemption of 1.5 crores would not be available to the firm for the current financial year and the firm needs to pay excise d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uty on all the taxable turnover during the current financial year. In ths instant case you have mentioned that the total taxable turnover for FY 2010-11 does not exceed 4 crores hence the SSI exemptio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n limit of 1.5 crores would be available for the firm for FY 2011-12. The firm needs to pay excise duty only on the turnover in excess of 1.5 crores for the current financial year. - Reply By Surya M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oorthy - The Reply = Thank you for reply Sir. - SSI limit applicable - Query Started By: - Surya Moorthy Dated:- 18-3-2011 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Know ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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