Acquisition of adjacent land in sez

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CA.Anmol Kapoor (Querist)
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06 March 2012 My Company is located in SEZ area availing excise exemption(Circullar-50/2003,49/2003) & income tax exemption u/s 80ic(3); it has acquired adjacent land for expansion purpose & seeks to start production before 31 march 2012; whether the company requries to fullfill any clause regarding minimum additional investment so as to be eligible to claim excise & income tax benefit on adjacent land. & whether this acquisition of adjacent land shall be treated as expansion for both income tax & excise purpose.

Swanand

Swanand (Expert)
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13 March 2012 Whether your company is SEZ unit or SEZ developer ? calrify it.

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