Central Government exempts capital goods, office equipment, professional equipment, office furniture and consumables related to service sector business and food items from the whole of duty of excise and additional duty of excise subject to a certificate from Independent Chartered Engineer confirming installation and use of the goods in the factory or premises within 6 months from date of clearance.
Managed hotel means hotels managed by a three star or above category Hotel / Hotel chain under an operating management contract for a duration of at least three years between operating hotel / hotel chain and hotel being managed. The management contract must necessarily cover the entire gamut of operations/management of managed hotel.