Excisability of goods produced in special zones and by export-oriented units clarified for domestic sale under amended proviso. Amendment widens the proviso in section 3 to treat as excisable goods produced either in a free trade zone and brought to other parts of India or produced by a hundred per cent. export-oriented undertaking and allowed to be sold in India; it also replaces Explanation 2 to define 'free trade zone' (including named zones and others notified by the Central Government) and 'hundred per cent. export-oriented undertaking' as an undertaking approved by the Board constituted under section 14 of the Industries (Development and Regulation) Act, 1951 and applicable rules.
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Excisability of goods produced in special zones and by export-oriented units clarified for domestic sale under amended proviso.
Amendment widens the proviso in section 3 to treat as excisable goods produced either in a free trade zone and brought to other parts of India or produced by a hundred per cent. export-oriented undertaking and allowed to be sold in India; it also replaces Explanation 2 to define "free trade zone" (including named zones and others notified by the Central Government) and "hundred per cent. export-oriented undertaking" as an undertaking approved by the Board constituted under section 14 of the Industries (Development and Regulation) Act, 1951 and applicable rules.
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