Central Excise Exemption_Himachal Pardesh

[Varun Arora]

Dear Experts

Please resolve my query.

One of Partnership firm is availing excise exemption(area based exemption) in Himachal pardesh Now we want to convert this partnership firm into private limited company (Name and directors would be changed)

Can New Private limited company avail exemption of balance years and continue to charge nil duty.

Thanks in advance.!!

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above subject? In my view it is not.

AI Summary

Excise exemption transferability - whether area-based exemption continues after conversion of firm into new private company. Whether a partnership firm with a Central Excise area-based exemption in Himachal Pradesh may, upon conversion into a private limited company with changed name and directors, have the new company avail the remaining exemption period and continue to charge nil duty; the sole reply indicates the issue remains unclarified and gives no substantive guidance on transferability or continuity of the exemption.