SSI Registration

Small Scale and ancillary units (i.e. undertaking with investment in plant and machinery of less than Rs. 10 million) should seek registration with the Director of Industries of the concerned State Government.

What Is The Benefit Of Registering With SSI?

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 government. 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 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.

What Are The Objective Of Registration Scheme Of SSI?

They are summarized as follows :

To enumerate and maintain a roll of small industries to which the package of incentives and support are targeted.

To provide a certificate enabling the units to avail statutory benefits mainly in terms of protection.

To serve the purpose of collection of statistics.

To create nodal centers at the Centre, State and District levels to promote SSI

What Are The Features Of Scheme in SSI?

Features Of The Scheme Are As Follows :

DIC is the primary registering centre

Registration is voluntary and not compulsory

Two types of registration are done in all States. First, a provisional registration certificate is given. And after that, commencement of production, a permanent registration certificate is given.

PRC is normally valid for 5 years and permanent registration is given in perpetuity.