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I plan to start a small manufacturing unit and need to know what exactly defines a Small Scale Industry both in terms of capital invested as well as number of persons employed. Also if there are any excise duty benefits for such industries. Thanks. Sreedhar
From India , Bangalore
The definition of small scale industries has undergone changes over the years in terms of investment limits in the following manner:-

YEAR INVESTMENT LIMITS ADDITIONAL CONDITIONS

1950 Upto Rs 5 lacs in fixed assets Less than 50/100 persons with or without power

1960 Upto Rs 5 lacs in Plant & Machinery No condition

1966 Upto Rs 7.5 lacs in Plant & Machinery No condition

1975 Upto Rs 10 lacs in Plant & Machinery No condition

1980 Upto Rs 20 lacs in Plant & Machinery No condition

1985 Upto Rs 35 lacs in Plant & Machinery No condition

1991 Upto Rs 60 lacs in Plant & Machinery No condition

1997

(Dec) Upto Rs 100 lacs in Plant & Machinery No condition

Excise Benefits:

Where the SSI unit does not avail CENVAT

For first clearances effective from 1st April of a financial year up to an aggregate value of Rs. 1 Crore, duty is exempted in respect of those SSI units which do not intend to avail CENVAT up to a value of clearances of rupees one crore. Subsequent Clearances at the normal rate of duty.

Where the SSI unit avails CENVAT

1 First clearances effective from 1st April of a financial year

Up to an aggregate value of Rs.1 crore 60% of the normal rate of duty

2 Subsequent Clearances at the normal rate of duty

From Singapore , Singapore
i am also interested to SME,i am the process of product identification, u have selected foot-war manufacturing..may i know what is the investment amount and what is the permissions we need to take could u plz share ur information .......Thank u .............
From India , Hyderabad
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