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Branded SSI packing materials gets excise relief
 
Branded SSI packing materials gets excise relief
The Central Government has increased the small-scale industry (SSI) excise duty exemption scheme to certain branded packaging materials, till now not covered under the relief facility.

This amendment has started to be in effect from September 1, 2008. Following the Supreme Court ruling that the wording of the earlier notification did not permit excise duty waiver to branded goods, the Government issued a fresh SSI exemption notification to facilitate this.

According to the amendment, the duty exemption would be available to SSI units with a turnover of Rs. 90 lakh during the remaining part of the current financial year.

An official statement said, "The benefit of the exemption shall be available to goods bearing the brand name or trade name of another person if they are in the nature of packing materials, namely, printed cartons of paper or paper board, metal containers, HDPE woven sacks, adhesive tapes, stickers, PP caps, crown corks and metal labels."

Earlier, there arose disputes over the applicability of this condition to goods that bear the brand name of another person but which are sold under that brand name by the buyer of the goods and not by the SSI unit affixing the brand name.

Posted On : 9/5/2008 5:22:09 PM

 
 
 
Branded SSI packing materials gets excise relief