Deduction under section 32A expanded for machinery using government lab technology with certification required and exclusion power for listed articles.

Amendment preserves the deduction where machinery or plant used mainly for manufacture of articles not in the Eleventh Schedule is also used for listed items, and introduces an enhanced allowance for new machinery using technology or inventions from Government financed, public sector, university or prescribed laboratories, subject to acquisition of rights, a prescribed authority's certificate filed with the return, and non use for manufacture of Eleventh Schedule articles; it also empowers the Central Government to omit articles from the Eleventh Schedule by notification.

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