Factories with multiple sections must assess tax exemption eligibility based on individual unit capacity, per Notification No.50/03-CE.

Factories with multiple sections must assess tax exemption eligibility based on individual unit capacity, per Notification No.50/03-CE. https://www.taxtmi.com/highlights?id=25243 Area based exemption - a factory manufacturing more than one commodity in different sections, has to be treated as consisting of more than one manufacturing unit - for determination of eligibility of cylinder unit, for exemption under Notification No.50/03-CE the capacity expansion of 25% or more has to be seen in respect of this unit only and not the capacity expansion of the entire factory as a whole. - exemption allowed - AT en-us Sat, 10 Oct 2015 20:46:53 +0530 Sat, 10 Oct 2015 20:46:53 +0530 TaxTMI RSS Generator Factories with multiple sections must assess tax exemption eligibility based on individual unit capacity, per Notification No.50/03-CE. https://www.taxtmi.com/highlights?id=25243 Area based exemption - a factory manufacturing more than one commodity in different sections, has to be treated as consisting of more than one manufacturing unit - for determination of eligibility of cylinder unit, for exemption under Notification No.50/03-CE the capacity expansion of 25% or more has to be seen in respect of this unit only and not the capacity expansion of the entire factory as a whole. - exemption allowed - AT Highlights Central Excise Sat, 10 Oct 2015 20:46:53 +0530 https://www.taxtmi.com/highlights?id=25243