We are SSI or IEM? , Other Topics

[yujin kim]

We are confused whether we are SSI or IEM

As per 2012-13 budget, Small Scale and ancillary units (i.e. undertaking with investment in plant and machinery of less than Rs. 6.0 million and Rs. 7.5 million respectively) should seek registration with the Director of Industries of the concerned State Government.

Our machinery : 9.35 crore. (include customs duty)

Our plant : 2crore

We are SSI or IEM? as per MSME rule, there mentioned, total plant & machinery is below than 10 millon..

which one is correct. and which certificate should we go for ?

 

Posts / Replies

[CA Rachit Agarwal]

IEM is Industrial Entrepreur Memorandum. IEM Certificate is obtained by any Industry to be engaged in production or processing of goods or generation of power. IEM can be be obtained by any indsustry in respective of investments in plant & machinery.

Howwer SSI is definitely guided by MSME Guidelines as issued by Reserve Bank of India