https://www.taxtmi.com/caselaws?id=86948 The Tribunal held that licensed capacity is distinct from installed capacity under the Project Import Regulations, 1986. They emphasized the importance of accurate financial reporting and noted that the appellants' expansion increased production by 28%, meeting the substantial expansion threshold. As the Regulations did not define installed capacity, the Tribunal relied on the Companies Act's requirements, granting the appellants the benefit of concessional duty rates. This decision underscores the significance of precise delineation between licensed and installed capacity in determining eligibility for regulatory benefits. en-us Sat, 03 May 1997 00:00:00 +0530 Mon, 29 Aug 2011 15:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86948 The Tribunal held that licensed capacity is distinct from installed capacity under the Project Import Regulations, 1986. They emphasized the importance of accurate financial reporting and noted that the appellants' expansion increased production by 28%, meeting the substantial expansion threshold. As the Regulations did not define installed capacity, the Tribunal relied on the Companies Act's requirements, granting the appellants the benefit of concessional duty rates. This decision underscores the significance of precise delineation between licensed and installed capacity in determining eligibility for regulatory benefits. Case-Laws Customs Sat, 03 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86948