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.
Factory registration: new excisable production in the same premises requires updating registration and regulatory compliance. Production of a new excisable commodity may begin in the same registered factory premises provided an application is made to incorporate the new commodity into the existing registration certificate; where both excisable and exempted products are manufactured together, compliance with the applicable central excise regulatory provisions governing mixed production within a registered factory is required. (AI Summary)
TaxTMI