JAM Ltd., a unit manufacturing goods eligible for exemption under SSI Scheme has furnished the under mentioned particulars : (in crore) Turnover during 2012-13 ₹17.40 crores, which included the following : Export to Japa
CS Professional · Advanced Tax Laws and Practice · PYQS · June 2014
JAM Ltd., a unit manufacturing goods eligible for exemption under SSI Scheme has furnished the under mentioned particulars : (in crore) Turnover during 2012-13 ₹17.40 crores, which included the following : Export to Japan 10.00 Export to Bhutan 1.60 Sale to an SEZ unit in Surat 2.00 Sale of 'nil' rated goods in India 1.50 Turnover during the financial year 2013-14 is ₹2.5 crore. Total duty paid on inputs for achieving the above turnover of ₹2.5 crore is ₹25 lakh. Duty payable on output is 16%. Based on the particulars furnished, find out whether the unit is eligible to enjoy SSI benefits under Notification No. 8/2003-CE. If so, what is the duty payable in the year 2013-14 by JAM Ltd.
Topics: Central Excise / Indirect Tax
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