Excise duty exemption for NE region units: capped duties with mandatory reinvestment, certification and a ten-year lock-in requirement. Exemption caps basic, special and additional excise duties for specified Chapter 24 goods produced in eligible units in the seven North Eastern States, exempting duty in excess of the tabulated rates provided units meet commencement, prior-notification benefit and continuity conditions. The differential duty must be reinvested in plant and machinery in an eligible State within prescribed quarterly timelines, evidenced to a three-member Committee which issues certification for submission to the jurisdictional Central Excise Officer. Investments carry a ten-year lock-in or trigger immediate duty liability if withdrawn and not reinvested as required.
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.
Excise duty exemption for NE region units: capped duties with mandatory reinvestment, certification and a ten-year lock-in requirement.
Exemption caps basic, special and additional excise duties for specified Chapter 24 goods produced in eligible units in the seven North Eastern States, exempting duty in excess of the tabulated rates provided units meet commencement, prior-notification benefit and continuity conditions. The differential duty must be reinvested in plant and machinery in an eligible State within prescribed quarterly timelines, evidenced to a three-member Committee which issues certification for submission to the jurisdictional Central Excise Officer. Investments carry a ten-year lock-in or trigger immediate duty liability if withdrawn and not reinvested as required.
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