https://www.taxtmi.com/caselaws?id=373739 Exemption under Notification No. 50/2003-CE remained available where the unit's records showed capital goods purchases, wages, power and fuel es, and clearances during the relevant period, supporting commencement of commercial production before the cut-off date. A later change in ownership did not by itself defeat the remaining exemption period because the transfer had been duly intimated and the applicable circular preserved the benefit where prescribed option and intimation requirements were met. In the absence of any adverse verification report, denial of exemption was not sustainable, and the successor retained the benefit. en-us Wed, 19 Dec 2018 00:00:00 +0530 Sat, 19 Jan 2019 07:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373739 Exemption under Notification No. 50/2003-CE remained available where the unit's records showed capital goods purchases, wages, power and fuel es, and clearances during the relevant period, supporting commencement of commercial production before the cut-off date. A later change in ownership did not by itself defeat the remaining exemption period because the transfer had been duly intimated and the applicable circular preserved the benefit where prescribed option and intimation requirements were met. In the absence of any adverse verification report, denial of exemption was not sustainable, and the successor retained the benefit. Case-Laws Central Excise Wed, 19 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373739