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Is there any concession on Excise Duty payable by small units ?

April 26, 2017concession duty Payable small units

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Is there any concession on Excise Duty payable by small units ?

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SSI units with a turnover of Rs. 1 crore or less per year have been exempted from payment of Excise Duty. Moreover there is a general scheme of excise exemption for SSI brought out by the Ministry of Finance which covers most of the items. Under this, units having turnover of less than Rs. 3 crores are eligible for concessional rate of Excise Duty. Moreover, there is an exemption from Excise Duty for SSI units producing branded goods in rural areas.