Mega Power Project exemption clarified: FDRs lodged with factory jurisdiction, may be submitted periodically; concessional removal rules excluded. The Circular clarifies that when a project's Mega Power Project certificate is provisional, the required Fixed Deposit Receipt (FDR) equal to the excise duty must be furnished to the jurisdictional Deputy Commissioner or Assistant Commissioner of the factory from which goods are cleared. FDRs may be submitted periodically for successive clearances, but each must meet the prescribed term. The Central Excise concessional removal Rules, 2001 do not apply to removals for use in a project under this notification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Mega Power Project exemption clarified: FDRs lodged with factory jurisdiction, may be submitted periodically; concessional removal rules excluded.
The Circular clarifies that when a project's Mega Power Project certificate is provisional, the required Fixed Deposit Receipt (FDR) equal to the excise duty must be furnished to the jurisdictional Deputy Commissioner or Assistant Commissioner of the factory from which goods are cleared. FDRs may be submitted periodically for successive clearances, but each must meet the prescribed term. The Central Excise concessional removal Rules, 2001 do not apply to removals for use in a project under this notification.
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