Can we start new company in existing compay

[chaganti srinivas]

Dear Sirs, can we start the new compay (excise duty exempted)in the excisable premase? Ex. we have X unit this is excisable, in that building with separate partision we want to start new Unit Y this is excise duty exempted, is it possible or not? pls. give your valuable solutions in this matter as per law. Thanks to all of you. ---___--- BENARJEE GOVADA.

AI Summary

Starting New Unit in Excisable Premises Requires Updating Registration; Review Rule 6 of CENVAT Credit Rules 2004. A user inquired about starting a new company within an existing excisable premises, specifically whether a new unit exempt from excise duty can be established within a building already housing an excisable unit. The response advised that production of a new excisable commodity is possible within the same premises, provided an application is made to update the existing registration certificate. Additionally, the user was advised to review the relevant provisions under Rule 6 of the CENVAT Credit Rules, 2004, due to the coexistence of excisable and exempted products.