Power driven pumps – SSI exemption extended
Powerdrivenpumps primarily designed for handlingwater which do not conform to standards specified by BIS (Bureau of Indian Standards) for such pumps were outside the purview of Notification No.8/2003, the famous SSI notification with effect from 1.8.2006. That is from 1.8.2006, these pumps were not eligible for SSI exemption. Why? (Board only knows). Now this restriction is withdrawn till 31st December 2006. These pumps have an interesting history.
By notification No. 8/2006 dated 1.3.2006, the pumps were barred from SSI exemption but with effect from 1.4.2006.Butby Notification No. 27/2006 dated 30.3.2006, this effective date was extended to 1st August 2006. And now this is extended till 31st December 2006. That is till December, the pumps are exempted.
Unfortunately, there is no exemption for the period from 1.8.2006 to 9.8.2006. Good feed for audit objections, intelligence gathering allegation of suppression, cases, retrospective amendments, Section 11C notifications. What is the logic in denying the exemption for nine days? Obviously somebody forgot to carry out the amendment before 1st August. Let us hope they will remember it before 31st December when the next amendment is due.
NOTIFICATION NO. , Dated: August 10, 2006