Continuation of excise exemption to subsidiary company
This query is : Resolved
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.
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.
Arun Kumar Singh
(Expert)
19 November 2013
Exemption will not be available if both company is same owner.
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