https://www.taxtmi.com/caselaws?id=162797 For expansion, modernisation and diversification units, the Industrial Policy Resolution, 1992 did not authorise a five-year cap on sales tax incentive where clause 7.5 and the corresponding notification contained no such time limit; a subordinate guideline could not add a restriction inconsistent with the policy, so the five-year condition was invalid. The policy also allowed the qualifying investment to be reconsidered where further evidence supported the expansion cost, so the eligibility certificate could be amended to reflect the actual fixed capital investment and corresponding incentive ceiling. The same policy granted capital investment subsidy to expansion projects, and no disqualification arose merely because earlier subsidy had been taken, so the subsidy claim was maintainable. en-us Wed, 09 Aug 2006 00:00:00 +0530 Fri, 14 Mar 2014 14:41:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162797 For expansion, modernisation and diversification units, the Industrial Policy Resolution, 1992 did not authorise a five-year cap on sales tax incentive where clause 7.5 and the corresponding notification contained no such time limit; a subordinate guideline could not add a restriction inconsistent with the policy, so the five-year condition was invalid. The policy also allowed the qualifying investment to be reconsidered where further evidence supported the expansion cost, so the eligibility certificate could be amended to reflect the actual fixed capital investment and corresponding incentive ceiling. The same policy granted capital investment subsidy to expansion projects, and no disqualification arose merely because earlier subsidy had been taken, so the subsidy claim was maintainable. Case-Laws VAT and Sales Tax Wed, 09 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162797