https://www.taxtmi.com/circulars?id=11496 The Board confirms the area-based exemption attaches to the Unit: change of ownership does not forfeit the residual exemption if the new owner opts in writing before first clearance; relocation within specified areas preserves residual exemption subject to inventorisation and Chartered Engineer certification that plant, machinery and manpower have been shifted within the notified area; and expansion by acquiring adjacent land and installing new plant and machinery is treated like on-plot expansion and remains eligible for the residual exemption period. en-us Fri, 17 Feb 2012 00:00:00 +0530 Sat, 18 Feb 2012 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11496 The Board confirms the area-based exemption attaches to the Unit: change of ownership does not forfeit the residual exemption if the new owner opts in writing before first clearance; relocation within specified areas preserves residual exemption subject to inventorisation and Chartered Engineer certification that plant, machinery and manpower have been shifted within the notified area; and expansion by acquiring adjacent land and installing new plant and machinery is treated like on-plot expansion and remains eligible for the residual exemption period. Circulars Central Excise Fri, 17 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11496