SSI status protection preserves prior investment ceiling for provisionally registered units with project steps begun before the new limit. Units provisionally registered under the 10 December 1997 notification that had undertaken concrete project implementation steps before 24 December 1999 retain SSI status under the earlier investment threshold despite the revised lower limit, provided investment in plant and machinery does not exceed the prior ceiling.
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Provisions expressly mentioned in the judgment/order text.
SSI status protection preserves prior investment ceiling for provisionally registered units with project steps begun before the new limit.
Units provisionally registered under the 10 December 1997 notification that had undertaken concrete project implementation steps before 24 December 1999 retain SSI status under the earlier investment threshold despite the revised lower limit, provided investment in plant and machinery does not exceed the prior ceiling.
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