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Continuation of excise exemption to subsidiary company

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(Querist)
15 November 2013 Dear experts
I want to know that if a private company take over a partnership firm ( which is now availing excise exemptions)as a wholly owned subsidiary , will excise exemptions be continued to the company ?

Thanks.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
19 November 2013 Exemption will not be available if both company is same owner.

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