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of <h1>Rule 12BB: Large Taxpayers Can Transfer Intermediate Goods Duty-Free if Used in Production or Exported in Six Months.</h1> Rule 12BB of the Central Excise Rules, 2002, outlines procedures for large taxpayers regarding the removal of excisable goods. Large taxpayers can transfer intermediate goods between registered premises without paying excise duties, provided the goods are used to manufacture subject goods cleared with appropriate duties or exported within six months. If these conditions aren't met, excise duties with interest must be paid. The rule allows adjustments for excess duty paid due to errors and requires large taxpayers to submit monthly returns and provide records for verification. Large taxpayers can opt out with prior notice, and existing notices are deemed issued by the relevant unit.
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