Continuation of development rebate in certain cases - Explanation to section 16(b) of the Finance Act, 1974 - 'Coal-fired equipment' includes producer gas plants
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Coal-fired equipment classification now covers producer gas-fired kilns and furnaces, extending development rebate eligibility accordingly. Producer gas-fired kilns, furnaces and similar plant are to be regarded as coal-fired equipment because producer gas is produced by passing steam over burning coal; consequently, the statutory Explanation extending development rebate treatment to coal-fired equipment applies to producer gas-fired installations and they are eligible for the continuation of the development rebate under the Finance Act provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Coal-fired equipment classification now covers producer gas-fired kilns and furnaces, extending development rebate eligibility accordingly.
Producer gas-fired kilns, furnaces and similar plant are to be regarded as coal-fired equipment because producer gas is produced by passing steam over burning coal; consequently, the statutory Explanation extending development rebate treatment to coal-fired equipment applies to producer gas-fired installations and they are eligible for the continuation of the development rebate under the Finance Act provision.
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