Registering your SSI Unit
The main purpose of Registration
is to maintain statistics and maintain a roll of such units for the purposes
of providing incentives and support services.
States have generally adopted the uniform registration procedures as per the guidelines. However, there
may be some modifications done by States. It must be noted that small industries
is basically a state subject. States use the same registration scheme for
implementing their own policies. It is possible that some states may have
a 'SIDO registration scheme' and a 'State registration scheme'.
Benefits of Registering
The registration scheme has no statutory basis. Units would normally get registered to avail some benefits,
incentives or support given either by the Central or State Govt. The regime
of incentives offered by the Centre generally contains the following:
- Credit prescription (Priority sector lending), differential rates of interest etc.
- Excise Exemption Scheme
- Exemption under Direct Tax Laws.
- Statutory support such as reservation and the Interest on Delayed Payments Act.
(It is to be noted that the Banking Laws, Excise Law and the Direct Taxes Law have incorporated the
word SSI in their exemption notifications. Though in many cases they may
define it differently. However, generally the registration certificate
issued by the registering authority is seen as proof of being SSI).
States/UTs have their own package of facilities and incentives for small scale. They relate to development
of industrial estates, tax subsidies, power tariff subsidies, capital investment
subsidies and other support. Both the Centre and the State, whether under
law or otherwise, target their incentives and support packages generally
to units registered with them.
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