Seeks to suitably amend specified notifications relating to area based exemptions, so as to carry out Budgetary changes - 05/2016 - Central Excise - Tariff
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Exemption exclusion for refined gold and silver production limits exemptions for new or expanded units commencing after March 1, 2016. Amendments to notifications 56/2002, 57/2002, 20/2007 and 01/2010 insert that the exemption shall not apply to (a) new industrial units producing refined gold or silver commencing commercial production on or after 1 March 2016, and (b) existing units as on 1 March 2016 that substantially expand or install fresh plant, machinery or capital goods for such production and commence commercial production from the expanded capacity or new assets on or after 1 March 2016.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption exclusion for refined gold and silver production limits exemptions for new or expanded units commencing after March 1, 2016.
Amendments to notifications 56/2002, 57/2002, 20/2007 and 01/2010 insert that the exemption shall not apply to (a) new industrial units producing refined gold or silver commencing commercial production on or after 1 March 2016, and (b) existing units as on 1 March 2016 that substantially expand or install fresh plant, machinery or capital goods for such production and commence commercial production from the expanded capacity or new assets on or after 1 March 2016.
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