Amendments in Notification No. 56/2002-CE & 57/2002-CE, Dt. 14/11/2002 (J&K Industrial Units – Criteria for Exemption from Central Excise)

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....iles and Textile Articles) Act, 1978 (40 of 1978), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the erstwhile Ministry of Finance and Company Affairs (Department of Revenue), specified in column (2) of the Table hereto annexed, shall be further amended, in the manner specified in the corresponding entry in column (3) of the said Table. TABLE S. No. Notification No. and date Amendments (1) (2) (3) 1 56/2002-Central Excise, dated the 14th November, 2002. In the said notification, in para 3, for clause (b) and entries relating thereto, the following shall be substituted, namely:- (b) Industrial units existing ....

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....employment provided by the industrial unit to daily wagers or casual employees; (c) "new investment" shall not include investments which are used for paying off old debts or making payments for the plant or machinery installed prior to the 14th day of June 2002, or paying salaries to the employees.. 2 57/2002-Central Excise dated the 14th November, 2002. In the said notification, in para 3,- (i) clause (c) shall be re-lettered as clause (a) thereof; (ii) for clause (d) and entries relating thereto, the following shall be substituted, namely:- (b) Industrial units existing before the 14th day of June 2002, but which have,- (i) undertaken substantial expansion by way of increase in installed capacity by not less than twenty-five per c....