Pls Give an interpretation of Para 2
Para 1
"Expansion / Modernization / Diversification of an existing unit would mean additional fixed capital investment in only plant and machinery to the extent of 50% or more of the undepreciated value of fixed capital investment just before taking up this expansion / modernization / diversification in this unit leading to additional installed capacity which would not be less than 50% of the installed capacity before taking up this expansion /modernization / diversification.
Para 2
In case of expansion/ modernization the additional investment as above must result in atleast 33% of additional production beyond 2/3 of installed capacity prior to expansion/modernization or maximum production achieved during last three years prior to start of the expansion / modernization, whichever is higher.
Thanks in Advance
CAclubindia
