Area-Based Exemption: Eligible Units Can Modify Equipment, Produce New Products Post Cut-Off Date in 10-Year Period.

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Full Text of the Document

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....Area Based Exemption - The provisions of the notification do not place a bar or restriction on any addition/modification in the plant or machinery or on the production of new products by an eligible unit after the cut-off date and during the exemption period of ten years as per the notification - The appellant could have exercised option for availing the benefit of the notification even after the sunset clause. Sunset clause is only relevant for the purpose of eligibility and there is no bar for filing the declaration after the sunset clause. - AT....