Continuation of excise exemptions to subsidiary company

neha (Querist) 15 November 2013 This query is : Resolved
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.

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Devajyoti Barman (Expert) 15 November 2013
academic query....no reply.

Anirudh (Expert) 15 November 2013
The Excise exemptions are Unit specific and not ownership specific. As such, you should not have any difficulty in continuing to avail the exemption.