In the context of notification No.822 dt 03.07.2004 uttrakhand trade taxes,which allows a mfg. unit to avail concessional rate of vat, subject to investment ceiling of Rs 25 crore in Plant & machinery.
Whether it is correct to review the benefit granted in above sated Notiification (of concessional Vat rate) in light of investment in Plant & Machinery exceeding Rs25 crore in sbsequent years.
Thanks
Clarification
Dear all my means to say that whether the celling of Rs. 25 crore is checked at the time of commencement of production at initial stage(i.e. single time) or it is checked every year.
Shyam S Gupta and Company
New Delhi
CA Inter
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Arpan Bohra & Co
Hyderabad
CA Inter
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CCI
Pro
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