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TMI BlogClarification on availing excise duty exemption on substantial expansion by existing unit in J&KX X X X Extracts X X X X X X X X Extracts X X X X ..... Clarification on availing excise duty exemption on substantial expansion by existing unit in J&K - By: - Bimal jain - Central Excise - Dated:- 8-1-2014 - - Dear Professional Colleague, Clarification on availing excise duty exemption on substantial expansion by existing unit in J K The Central Board of Excise Customs ( the Board ) vide Circular No . 977/01/2014-CX, date ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d January 03, 2014 ( the Circular ) has clarified on following issue on representations received from trade and industry associations. Issue: Whether an existing unit in Jammu Kashmir, which has availed of excise duty exemption under Notification No.56/2002-CE (location specific exemption to all goods other than the exclusion list) No.57/2002-CE (non-location specific exemptio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n to specified industries other than the exclusion list), both dated 14.11.2002 by way of substantial expansion can avail of excise duty exemption under Notification No.1/2010-CE, dated 06.02.2010, again by way of second substantial expansion. Clarification : Existing unit which has availed of excise duty exemption under Notification No.56/2002-CE 57/2002-CE , both dated 14.11.2002 by wa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y of substantial expansion can avail of excise duty exemption under Notification No.1/2010-CE, dated 06.02.2010 again by way of second substantial expansion so long as it satisfies the conditions stipulated under Notification No.1/2010-CE, dated 06.02.2010 . Hope the information will assist you in your Professional endeavors. In case of any query/ information, please do not hesitate to write ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... back to us. Thanks Best Regards. Bimal Jain FCA, FCS, LLB, B.Com (Hons) Mobile: +91 9810604563 E-mail: bimaljain at the rate of hotmail.com F-30/31/32, Pankaj Grand Plaza 1st Floor, Mayur Vihar, Phase I, Delhi 110091 India Disclaimer: The contents of this document are solely for informational purpose. It does not constitute professional advice or recommendation of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... firm. Neither the authors nor firm and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this document nor for any actions taken in reliance thereon. Readers are advised to consult the professional for understanding applicability of this newsletter in the respective scenarios. While due care has been taken in preparing this document, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the existence of mistakes and omissions herein is not ruled out. No part of this document should be distributed or copied (except for personal, non-commercial use) without our written permission. - Reply By ganeshan kalyani as = Dear Sir, I would like to discuss this article further to understand as to what the term 'substantial expansion' would refers to. An existing unit i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n J K manufacturing product 'X' is availing excise duty exemption under 56/2002 notification. Further a unit adjacent to the existing unit is set up to manufacture product 'Y'. both the unit is in same factory premises. in order to avail excise exemption under 56/2002 , whether both the unit will be considered as same or different. some input is requested in this regard. Dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed: 7-9-2015 - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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