Modification of Already existing Machinery if installed capacity gets increased by more than 25% are Eligible for Duty Exemption: CESTAT [Read Order]

Excise duty Exemption allowable to modified machinery if installation capacity gets increased more than 25%.

By Shabna Rahim - On December 5, 2023 1:00 pm - 2 mins read

Duty Exemption - CESTAT - Customs - Excise and Service Tax Appellate Tribunal - TAXSCAN

The New Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the modification of already existing machinery if installed capacity gets increased by more than 25% is eligible for excise duty exemption under exemption notification. The Rishabh Velveleen Ltd, the appellant assessee engaged in the manufacture of flock fabrics and…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?

Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)

₹1199 + GST for 1 year

Subscribe Now

Topics