https://www.taxtmi.com/caselaws?id=172006 An exemption notification for exporting units must be applied according to its terms, and authorities cannot introduce an artificial anterior cut-off date to exclude earlier capital investment when the notification contains no such restriction. The relevant basis for exemption is the capital investment in fixed assets up to the date the unit is recognised or converted as a 100 per cent export-oriented or exporting unit. Excluding investment made before 1 April 1994 was therefore unjustified, and the full qualifying capital investment up to the date of recognition remained eligible for exemption. en-us Thu, 07 Feb 2013 00:00:00 +0530 Sat, 23 Jul 2016 23:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172006 An exemption notification for exporting units must be applied according to its terms, and authorities cannot introduce an artificial anterior cut-off date to exclude earlier capital investment when the notification contains no such restriction. The relevant basis for exemption is the capital investment in fixed assets up to the date the unit is recognised or converted as a 100 per cent export-oriented or exporting unit. Excluding investment made before 1 April 1994 was therefore unjustified, and the full qualifying capital investment up to the date of recognition remained eligible for exemption. Case-Laws VAT and Sales Tax Thu, 07 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172006