Area Based Central Excise Exemption Gets Budgetary Support Under GST

The Department of Industrial Promotion and Policy (DIPP) has notified a scheme to extend budgetary support to manufacturing units operating in the backward areas of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North-Eastern states including Sikkim (Scheme) which were availing central excise benefits under the erstwhile area-based exemption notifications under different Industrial Promotion Schemes of the Government of India. The Scheme shall continue only for the residual period (10 years from the date of commencement of commercial production) for which each of such manufacturing units are eligible.

Eligibility

Units which were eligible and availing area based exemption by way of ab-initio exemption or refund of central excise duty under the erstwhile excise notifications immediately before 1 July 2017 shall be eligible for the budgetary support under the Scheme.