2009 (8) TMI 425

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..... ed by security paper mills, if a change of control made from being directly under ministry of finance to being a government corporation? Held that- the exemption is specific to the factory. As the factory specified in the notification continues to exist, in our view the exemption is available to the same. It would have been a different matter if the exemption was in the name of the manufacturer, w .....

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..... f both sides, requirement of pre-deposit is waived and the appeal is taken up for final hearing. 2.It is not in dispute that there is exemption from duty available to security paper manufactured by Security Paper Mills and supplied to specified organizations for printing bank notes etc. Shri Manish Mishra, learned Advocate appearing for the appellants states that the name of the factory remains t .....

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..... n No. 4/2006, dated 1-3-2006 grants exemption to security paper manufactured by Security Paper Mills, Hoshangabad. In other words, the exemption is specific to the factory. As the factory specified in the notification continues to exist, in our view the exemption is available to the same. It would have been a different matter if the exemption was in the name of the manufacturer, which is not the c .....

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