Calcutta HC: Award May Be Set Aside if Tribunal Rewrites Contract or Ignores Key Clauses  ||  Delhi HC Suspends Kuldeep Singh Sengar’s Life Term, Holding Section 5(C) of POCSO Not Made Out  ||  Calcutta High Court: Arbitration Clause in an Expired Lease Cannot be Invoked For a Fresh Lease  ||  Delhi High Court: 120-Day Timeline under Section 132B Of Income Tax Act is Not Mandatory  ||  NCLAT Reaffirms That Borrower's Debt Acknowledgment Also Extends Limitation Period for Guarantors  ||  NCLAT: Oppression & Mismanagement Petition Cannot Be Filed Without Company Membership on Filing Date  ||  Supreme Court Quashes Rajasthan Village Renaming, Says Government Must Follow its Own Policy  ||  NCLAT: NCLT Can Order Forensic Audit on its Own, No Separate Application Required  ||  NCLAT Reiterates That IBC Cannot be Invoked as a Recovery Tool for Contractual Disputes  ||  Delhi HC: DRI or Central Revenues Control Lab Presence in Delhi Alone Does Not Confer Jurisdiction    

Scope of 'site' enlarged for exemption from excise- (Ministry of Finance ) (06 Jul 2016)

MANU/EXCR/0025/2016

Excise

The Ministry of Finance enlarged the scope of the word ‘site’ in its excise exemption notification.

By an earlier notification, the Ministry had provided exemption of excise on goods manufactured at site of contraction for use in construction work - such as laying of pipelines. For exemption to be availed, the good must be manufactured on "any premises made available for the manufacture of goods by way of a specific mention in the contract or agreement for such construction work, provided that the goods manufactured at such premises are solely used in the said construction work only” - the site.

The Ministry clarified that ‘site’ would not be give a restrictive meaning. Certain conditions that would need to be fulfilled included the premises are made available to manufacturer of goods by mention in contract or agreement for construction and the goods themselves be manufactured at such premises.

Relevant : Notification No. 12/2012-Central Excise MANU/EXCT/0023/2012

Tags : EXCISE   CONSTRUCTION   SITE   EXEMPTION  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved