Excise exemption for thin PVC films contingent on extrusion production and industrial unit meeting capital investment ceiling. Exemption from excise duty is provided for Polyvinyl Chloride films below the specified thickness when produced by the extrusion process, by an industrial unit whose capital investment in plant and machinery at initial installation does not exceed the prescribed ceiling, with satisfaction of the investment criterion to be certified by an officer not below the rank of Assistant Collector of Central Excise; the exemption is limited to the period stated in the notification.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for thin PVC films contingent on extrusion production and industrial unit meeting capital investment ceiling.
Exemption from excise duty is provided for Polyvinyl Chloride films below the specified thickness when produced by the extrusion process, by an industrial unit whose capital investment in plant and machinery at initial installation does not exceed the prescribed ceiling, with satisfaction of the investment criterion to be certified by an officer not below the rank of Assistant Collector of Central Excise; the exemption is limited to the period stated in the notification.
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