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07-28-2020, 06:23 AM,
Flag_red  Excise exemption for Himachal
AFTER much thought, the Finance Ministry has now granted excise duty exemption to certain class of new industrial units in the States of Himachal Pradesh and Uttaranchal.

New industrial units that have commenced commercial production on or after January 7 Marlboro Cigarettes Website, 2003 can avail excise duty exemption for a period of up to ten years, official sources said.

Such an exemption would, however, be restricted to units engaged in activities (18 activities in all) such as floriculture; medicinal herbs and aromatic herbs- processing; honey; horticulture and agro-based industries such as sauces Cheapest Marlboro Cigarettes Free Shipping, ketchup, fruit juices, jams, jellies and vegetable juices and pharmaceutical products.

The other activities that are eligible for such an exemption are sugar and its by products, silk and silk products; wool and wool products; woven fabrics (excisable garments); bottling of mineral water; industrial gases; and hotels, resorts, entertainment/amusement parks and ropeways.

All units in the two States of Himachal Pradesh and Uttaranchal that existed before January 7 and embarked on an expansion leading to an increase in installed capacity by not less than 25 per cent Cigarette Tobacco For Sale Online, on or after January 7 Online Cigarettes Free Shipping, would also be entitled to avail the excise duty exemption.

The Central Board of Excise and Customs (CBEC) has also specified a negative list of 21 activities that would not be eligible for excise duty exemption Cheap Cigarettes.

These activities include tobacco and tobacco products including cigarettes and pan masala; cement clinker and asbestos; mineral and chemical fertilisers; branded aerated water or soft drinks (non-fruit based); paper; synthetic rubber products and plastics and its articles Newport Menthol Cigarettes.
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