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of <h1>India Updates Area-Based Excise Exemptions: No Benefits for New or Expanded Gold/Silver Refining Units from March 2016.</h1> The Government of India, through the Ministry of Finance's Department of Revenue, has amended certain notifications related to area-based exemptions under Central Excise. Effective from March 1, 2016, these amendments specify that exemptions will not apply to new industrial units producing refined gold or silver from raw materials like gold dore or silver dore, nor to existing units that substantially expand capacity or install new equipment for similar production. These changes apply to notifications 56/2002, 57/2002, 20/2007, and 01/2010, each with specific provisions regarding the commencement of commercial production from the specified date.
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