• search

Excise exemption time line extended for small power makers

Written by: Staff
|

New Delhi, Mar 30 (UNI) Government today said it has decided to extend the time limit for withdrawal of the SSI (Small Scale Industry) excise exemption to August one, to the power driven pumps which are not manufactured as per the BIS standards.

The exemption had to be withdrawn, as per the Budget for 2006-07, by April one, 2006. ''This (extenstion of time) will give sufficient time to the units to get the requisite BIS certification within this period'', an official statement said.

The change was aimed at encouraging manufacture of energy efficient and safe pumps which find widespread use in agriculture, it said.

However, it was conveyed to the government that some units would not be able to get the benefit of SSI exemption as they may not be able to get the BIS certification by 1st April, 2006.

''In order to give sufficient time to the units likely to be affected by the withdrawal of SSI exemption to obtain requisite BIS certification, Government has decided to extend the time limit for the proposed withdrawal of SSI exemption from April one August one 2006'', the statement said. The required notification has been issued.

UNI PC SB HS1901

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more