Seeks to suitably amend specified notifications relating to area based exemptions, so as to carry out Budgetary changes - 06/2016 - Central Excise - Tariff
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Exemption disapplication for expanded gold and silver producers: existing units that expand or install new plant lose area-based exemption. The amendment inserts a uniform provision into the listed notifications that the exemption shall not apply to an industrial unit existing on 1st March, 2016 which undertakes substantial expansion or installs fresh plant, machinery or capital goods for production of gold or silver and commences commercial production from such expanded capacity or new plant on or after 1st 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 disapplication for expanded gold and silver producers: existing units that expand or install new plant lose area-based exemption.
The amendment inserts a uniform provision into the listed notifications that the exemption shall not apply to an industrial unit existing on 1st March, 2016 which undertakes substantial expansion or installs fresh plant, machinery or capital goods for production of gold or silver and commences commercial production from such expanded capacity or new plant on or after 1st March, 2016.
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