What they got from the UPA?

By Vijay Kumar

1. The exemption limit remains at One Crore.

2. Those availing full exemption to submit declaration on crossing Rs. 40 Lakhs Instead of at Rs.90 lakhs prevailing.

3. The partial exemption under Notification No. 9/2003 totally withdrawn.

4. SSIs are continued to be persecuted with litigations even for technical errors in documentation or minor procedural lapses due to ignorance.

5. They are subject to all Laws, Rules & procedures even while within the exemption limits that they can comply only at the cost of their petty business.

6. They will be subject to the newly introduced draconian Sec 11 DDA so that their peanut property of tables, chairs and cycles will be attached even before adjudication.

Yes. UPA has a lot to write home about after 1 year in office!

(from a strong champion of SSI units)