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of <h1>India Amends Excise Notifications: No Exemptions for Expansions or New Installations in Gold, Silver Production Post-March 2016.</h1> The Government of India, through the Ministry of Finance, has amended several Central Excise notifications to implement budgetary changes. These amendments specify that existing industrial units as of March 1, 2016, are not eligible for certain exemptions if they undertake substantial expansion or install new plant, machinery, or capital goods for producing gold or silver from raw materials like gold dore or silver dore. This rule applies if commercial production from such expansions or installations begins on or after March 1, 2016. The affected notifications include those from 1999 and 2003, each specifying similar conditions for exemption ineligibility.
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