https://www.taxtmi.com/caselaws?id=774854 Where an exemption notification grants Non-Resident Dealer status only for a new industrial unit supported by fresh NRI-backed capital with the required equity participation and lock-in, the same investment cannot be reused after it has already been utilised for an earlier unit. The record showed that the petitioner had already obtained the benefit for the Saw Pipe Division, while the SPEC division was treated as a separate unit but was not shown to be backed by fresh NRI investment made before commencement of production. The refusal to recognise the SPEC division for exemption was therefore justified, and the assessments based on that denial remained undisturbed. en-us Tue, 08 Jul 2025 00:00:00 +0530 Wed, 16 Jul 2025 08:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774854 Where an exemption notification grants Non-Resident Dealer status only for a new industrial unit supported by fresh NRI-backed capital with the required equity participation and lock-in, the same investment cannot be reused after it has already been utilised for an earlier unit. The record showed that the petitioner had already obtained the benefit for the Saw Pipe Division, while the SPEC division was treated as a separate unit but was not shown to be backed by fresh NRI investment made before commencement of production. The refusal to recognise the SPEC division for exemption was therefore justified, and the assessments based on that denial remained undisturbed. Case-Laws VAT / Sales Tax Tue, 08 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774854