Section 2(viii) in Punjab General Sales Tax (Deferment and Exemption) Rules, 1991
(viii)'expansion' and 'modernisation' in relation to an unit shall mean additional fixed capital investment of not less than twenty- five per cent over and above its existing fixed capital investment, resulting in at least twenty-five per cent increase in the existing installed capacity [and expansion under the Industrial Policy of 1996, shall mean additional fixed capital investment of not less than fifty per cent over and above its existing fixed capital investment or installed capacity as recorded in the industrial licence or certificate of the Department of Industries;] [Substituted vide No. GSR 7/P.A. 46/48/Sections 27, 10-A and 30-A/Amd II/96 dated 22.12.95.]
