Small scale limit

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Small scale limit
Query (Issue) Started By: - avinash karwa Dated:- 19-7-2011 Last Reply Date:- 26-7-2011 Other Topics
Got 2 Replies
Indian Laws
Dear sir, Please provide Small scale industries investment limit related circular. Reply By pradeep khatri: The Reply: Small scale industrial units are those engaged in the manufacture, processing or preservation of goods and whose invest .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ment 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 classificati .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on 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 Reply By Swamy RR: The Reply: Dear mr. avinash, 1. The Definition of SSI differs from one law to a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nother 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X