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Showing contexts for: intermediate component in Shree Pushkar Chemicals & Fertilisers ... vs Dcit 7(2), Mumbai on 30 May, 2019Matching Fragments
Provided that no industrial undertaking shall be regarded as an ancillary industrial undertaking unless it is, or is proposed to be, engaged in--
(i)the manufacture of parts, components, sub-assemblies, toolings or intermediates;
or
(ii)rendering of services, or supplying or rendering, not more than fifty percent. of its production or its total services, as the case may be, to other units for production of other articles.
(2)The factors referred to in sub-section (1) are the following, namely:--
IV. Requirements to be complied with by an industrial undertaking for being regarding as ancillary industrial undertaking-
In industrial undertaking which is engaged or is proposed to be engaged in the manufacture or production of parts, components, sub-assemblies, tooling or intermediates, or the rendering of services, and the undertaking supplies or renders or proposes to supply or render not less than 50 percent of its production or services, as the case may be, to one or more other industrial undertakings and whose investment in fixed assets in plant and machinery whether held on ownership terms or on lease or on hire purchase, does not exceed rupees seventy five lakhs.
1. Small scale industrial undertaking: An industrial undertaking in which the investment in fixed assets in plant and machinery, whether held on ownership terms of on lease or on hire purchase, does not exceed rupees three crores;
2. Ancillary industrial undertaking: An industrial undertaking which is engaged I.T.A. No.5388/Mum/2016 or is proposed to be engaged in the manufacturing or production of parts components, sub-assemblies, tooling or intermediates, or the rendering of services, and undertaking supplies or proposes or supply or renders not more than fifty per cent of its production or services, as the case may be, to one or more other industrial undertakings and whose investment in fixed assets in plant and machinery, whether held on ownership terms or on lease or on hire purchase, does not exceed rupees three cores.