Business Daily from THE HINDU group of publications
Monday, Jan 21, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Monday, Jan 21, 2008 ePaper | Mobile/PDA Version |
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Industry & Economy
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Excise and Customs No excise exemption for ‘peripheral activity’ Our Bureau New Delhi, Jan 20 The Centre has excluded industrial units undertaking “peripheral activities” from the excise duty exemption offered to industrial units based in Himachal Pradesh and Uttarakhand. These include units involved in packing, labelling, cleaning and storage of goods, an official release said. “In order to ensure genuine industrial activities in these regions, it has been decided that benefits of duty exemption should not be admissible to goods in respect of which only peripheral activities like preservation during storage, cleaning operations, packing, repacking, labelling or re-labelling, sorting, alteration of retail sale price etc. take place,” the release said. It said the move will ensure that the intended purpose of promoting substantial manufacturing activities through grant of fiscal incentives is fully met. Even in respect of special category States in the North-east — Assam, Tripura, Meghalaya, Mizoram, Manipur, Nagaland, Arunachal Pradesh and Sikkim — the benefit of excise-duty exemption has been disallowed for units carrying out only such peripheral activities. More Stories on : Excise and Customs | SSI
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