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TMI Blogssi exemptionX X X X Extracts X X X X X X X X Extracts X X X X ..... ssi exemption X X X X Extracts X X X X X X X X Extracts X X X X ..... e avail SSI Exemption in 2013-2014. Regarding this matter we discussed with our Central Excise Range office, They says that if once Crossed 4Crore Turnover Once, Should pay duty from 1st april in every financial year in future. Pls inform the rules or notification no for the SSI Exemption. Thanking You SIBY Reply By raj kumar shukla: The Reply: The restriction would be for 2012-2013 only. you ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... may refer notification, no. 8/2003 in this regard Reply By NEERAJ KUMAR, RANCHI: The Reply: Your Range officer is quite correct. Once crossed 4 crore SSI benefit is over. Reply By raj kumar shukla: The Reply: only for next financial year Reply By MANDAVILLI RAMAKRISHNA: The Reply: better to read carefully the relevant provisions in the act. once ssi crosses the turnover limit, they are tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able unlike SERVICE TAX DEALERS. Reply By raj kumar shukla: The Reply: please go through my reply carefully, read the provisions of notification(not Act as mentioned by you) then comment again. Reply By KIRTIKUMAR PUROHIT: The Reply: As per notification, no. 8/2003 restriction is only for financial year 2012-13 full rate payment of duty and turnover 2012-13 for year below 4 crore than you can ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... avail benefit of exemption concessional rate of duty in next year i.e.2013-14 Reply By sv bhasker: The Reply: Sir, I agree with the views expressed by Mr Raj kumar and Mr Purohit. If your turnover is 3,99,99,999 as on 31.3.2013, you can avail full exemption upto 1.5Cr from 1.4.2013 under 8/2003 CE as amended. Reply By NEERAJ KUMAR, RANCHI: The Reply: In this context, I wish to put a hypotheti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cal question for discussion, If any assessee crossed the limit of Rs 4 crore during any financial year(Sppose 2010-11). Let it be 10 Crore. In the next financial year(2011-12), he can not avail any exemption, but later in the financial year(2012-13), he can avail exemption up to Rs 1.50 Crore. By this way he can save duty upto the extent of Rs 12 lakh roughly. In view of this why not all the ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essee take advantage of this. Had I been an assessee I would have doen it every alternate year. Kindly give your views. X X X X Extracts X X X X X X X X Extracts X X X X
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