https://www.taxtmi.com/caselaws?id=180277 For sales tax exemption under Section 4-A of the U.P. Sales Tax Act, fixed capital investment is assessed on the date the exemption facility becomes admissible, i.e. from the date production starts or the first sale where relevant. Conditions for the facility must be satisfied on that date, and later increases in investment do not defeat exemption already earned. The text also notes that mere shifting of the unit to another site does not by itself establish addition to or extension of an existing factory. On this basis, the exemption could not be curtailed for a shorter period once eligibility had accrued. en-us Wed, 25 Nov 1992 00:00:00 +0530 Sat, 19 Mar 2016 14:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180277 For sales tax exemption under Section 4-A of the U.P. Sales Tax Act, fixed capital investment is assessed on the date the exemption facility becomes admissible, i.e. from the date production starts or the first sale where relevant. Conditions for the facility must be satisfied on that date, and later increases in investment do not defeat exemption already earned. The text also notes that mere shifting of the unit to another site does not by itself establish addition to or extension of an existing factory. On this basis, the exemption could not be curtailed for a shorter period once eligibility had accrued. Case-Laws VAT and Sales Tax Wed, 25 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180277