TMI BlogSSI Units - Calculation of TurnoverX X X X Extracts X X X X X X X X Extracts X X X X ..... tion and pay central excise duty after availing Cenvat Credit. The exemption granted to SSI exemption is called as "Exemption based on Value of Clearance". The term SSI is not defined under central excise. Therefore from the point of view of exemption under notification, no. 8/2003 CE, applicable to SSI units, the main criterial which is taken into account for deciding the eligibility for exempt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he value as determined in accordance with the provisions of that section, and (ii) in respect of specified goods other than those referred to in sub clause (i), the value as determined in accordance with the provisions of section 4 of the Central Excise Act, or the tariff value fixed under section 3 of the said Act; (Note: - Special provision for Chinaware or Porcelainware and goods are manufact ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... earances of strips of plastics used within the factory of production for weaving of fabrics or for manufacture of sacks or bags made of polymers of ethylene or propylene. (g) Export except export to Nepal and Bhutan (h) Deemed Export (to FTZ / SEZ / EOU / EHTP / STP units / goods supplied under notification no. 108/95) (i) Trading goods. How to calculate value of Rs. 4 Crore of the previous ye ..... X X X X Extracts X X X X X X X X Extracts X X X X
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