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TMI BlogAvailment of SSI exemption for exempted goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... Availment of SSI exemption for exempted goods X X X X Extracts X X X X X X X X Extracts X X X X ..... mpt from the whole of the duty of excise leviable thereon."In the light of above proviso, will ssi benefit will be available to goods which are chargeable to 2% duty videnotf. no. 01/2011-ce as these are exempted goods as per CCR 2004.If SSI is available then wont it will amount to double benefit of SSI exemption and only 2% duty. PPlease reply. Thanks and regards. Reply By Rajagopalan Ranga ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nathan: The Reply: Dear Mr. Dipak. K, Goods which are chargeable to 2% duty vide Notf. no. 01/2011-CE are exempted goods for the purpose of availing credit of duty paid on inputs, capital goods and input services. Moreover, SSI exemption is granted by Notification No. 8/2003-CE and concessional rate of duty of 2% is available under notification No. 1/2001-CE. Under Notification No. 8/20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 03-CE excisable goods are chargeable at Nil rate of duty up to clearance of 150 lakhs. Under Notification No. 1/2011-CE 2% concessional rate is applicable from the first clearance of the excisable goods. Therefore assessee has an option to avail the most beneficial Notification. Therefore excisable goods which are chargeable to 2% duty under Notification No. 1/2001-CE are eligible to avail ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exemption under Notification No. 8/2003-CE.
Reply By DIPAK K:
The Reply: THANK YOU VERY MUCH SIR FOR YOUR QUICK RESPONSE. THANKS AND REGARDS. X X X X Extracts X X X X X X X X Extracts X X X X
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