Area-Based Exemption Applies with 25% Capacity Increase Through New Machinery under Notification No. 50/03-CE.

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....Area Based Exemption - benefit under Notification No. 50/03-CE - if the plants and machineries are in replacement of the old plant and machinery, but the object of increasing 25% capacity is achieved, then in terms of the said circular itself, the industry achieving the same would come within 4 corners of the notification dated 10/06/2003. - AT....