Acquisition of adjacent land in sez
This query is : Resolved
CA.Anmol Kapoor
(Querist)
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.
13 March 2012
Whether your company is SEZ unit or SEZ developer ? calrify it.
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