Area based exemption - Disallowing certain Investments made in ...

Central Excise

June 24, 2019

Area based exemption - Disallowing certain Investments made in North Eastern states - It appears to be a case of double penalty to a manufacturer being a law-abiding person who withdrew the money from the escrow account and made investments in the identified sectors with prior approval of the Jurisdictional Commissioner of Central Excise and that has been later disallowed by the committee and recovery proceedings are initiated.

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Area based exemption - Disallowing certain Investments made in ...

Central Excise

June 24, 2019

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