2013 (7) TMI 1131

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.... of India issued a policy known as the New Industrial Policy and other concessions in the North-eastern region. Various Notifications, vide Nos.32/99-CE, 33/99-CE, 8/2004 and 28/2004 r/w Section 72 of the Finance Act, 2011, were issued by the Central Government granting certain benefits of refund of excise duty to the assessees in case they made investments in the North-eastern States and used the....

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....e at the earliest possible. The State is therefore directed to take up the matter with the Excise Department at the Central Government level so that another meeting of the IAC with regard to the investment made in Tripura can be held. Holding of such a meeting at an early stage would also be for the benefit of the State because it is only this Committee which can find out whether the assessee has ....

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....as been filed by the Union of India and the stand of the Union of India is that since the scheme came to an end on 31st December 2012, there is no statutory provision now for constitution of any Committee to make the assessment. Mr. Biswas is right, that technically the time is over. However, as already indicated in our earlier order, somebody must assess whether the investments made by the assess....

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....titled to full benefits. In case it is found that the assessee has not made the investments in accordance with the earlier notification, or that part of the investments are not in accordance of the earlier notification, the State as well as the Central Government would be beneficiaries as per the notification. Therefore, we do not understand why such a stand has been taken by the Union of India. W....