Monday, July 21, 2014

Minor amendments in Notification No. 50/2003-CE providing exemption to certain industrial units situated in specified areas of Uttarakhand and Himachal Pradesh

In order to encourage industrial growth in the backward region of Uttarakhand and Himachal Pradesh, Central Government had provided an exemption to a large number of goods manufactured by new industrial units or industrial units undertaking substantial expansion situated in specified areas of Uttarakhand and Himachal Pradesh vide Notification No. 50/2003-CE dated 10th June, 2003. The said exemption was provided to new industrial units or industrial units undertaking substantial expansion on or before 31st March, 2010 and was limited for a period of 10 years from the date of commencement of commercial production.
Specified areas, to which such exemption was granted, included inter alia, units situated in ‘Sakharkheda’ Village. However, since there is no such village named Sakharkheda in Uttarakhand, the Village’s name has now been corrected to ‘Sarverkheda’ Village. Further, the Khasara Nos. ‘285A’ and ‘288 A’ of Sarverkheda Village has also been substituted with Khasara Nos. ‘285/1’ and ‘288/1’ of Sarverkheda Village.
(Notification No. 07/2014-CE dated 30th June, 2014)

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