CIR NO.733/49/2003-CX, DT. 06/08/2003
- Document type
- Circular
- Reference no.
- J
- Dated
Computation of aggregate value of clearances for calculating the eligibility limit for availing Small Scale Industries Exemption Scheme for the financial year 2003-04
Computation of aggregate value of clearances for calculating the eligibility limit for availing Small Scale Industries Exemption Scheme for the financial year 2003-04
2. Your attention is invited to explanatory notes to the Finance Bill 2003, contained in Budget Bulletin 2003, under the Small Scale Industry Exemption Scheme. It has been clarified that value of exempted goods will be included (excluding exports) for calculating the eligibility limit of Rs. 3 crores for eligibility under SSI Exemption w.e.f. 1.4.2003. Further, for bringing into effect this change, the notifications No.8/2003-Central Excise and No.9/2003-Central Excise dated 1.3.2003 have been issued and these notifications have been made effective from 1.4.2003. Your attention is also invited to JS(TRU) D.O.F.No.334/1/2003-TRU, dated 28th February, 2003 wherein para 8.2 of the letter states that the value of exempted goods will be included (excluding exports) for calculating the eligibility limit of Rs. 3 crores for eligibility under SSI Exemption w.e.f. 1.4.2003.
3. Accordingly, it is reiterated that for availing Small Scale Industry Exemption Scheme Exemption under notifications No.8/2003-Central Excise and No.9/2003-Central Excise, both dated 1.3.2003, for the financial year 2003-04 the value of clearances for calculating the limit of Rs.3 crores for the preceding financial year 2002-03 includes the value of exempted goods (excluding exports) also.
4. The field formations may suitably be informed.
5. Receipt of this Circular may please be acknowledged.
6. Hindi version will follow.
Yours faithfully,
(NEERAV KUMAR MALLICK)
Under Secretary to the Govt. of India