ssi limit applicable, Central Excise

[Girija Jha]

while calculating the s s i exemption limit of rs.4.00 crore,but we made credit note of rs.14.00lacs( sales return)but sales pertaining to 2010-11, however can we take sales turnover up to 3.99 crore ?.

Posts / Replies

[CA. Surender Gupta]

There is no provision in Central Excise notification, no. 8/2003 CE Dated 1-3-2003 to reduce the value of sales return from the turnover of the previous year for the purpose of determination of eligibility of SSI exemption for the current year.