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.!!

AI Summary

Partnership Firm's Conversion to Pvt Ltd Raises Questions on Continuing Excise Exemption Benefits Under Area-Based Scheme A partnership firm in Himachal Pradesh is currently benefiting from an area-based central excise exemption and seeks to convert into a private limited company, with changes in name and directors. The query is whether the new company can continue to avail the exemption for the remaining years and charge nil duty. A response from an expert suggests that the issue may not have been clarified, indicating potential complexities in transferring the exemption to the new entity.