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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Excise Duty for EOUs & EPZs: Calculate as 50% of Customs Duties on Similar Imports Per Notification No. 2/95-CE.</h1> The circular addresses the method of calculating excise duty on goods cleared into the Domestic Tariff Area (DTA) by Export Oriented Units (EOUs), Export Processing Zones (EPZs), and other similar units, as per Central Excise Notification No. 2/95-CE. It clarifies that excise duty on such goods should be calculated as 50% of the aggregate customs duties that would apply to similar imported goods. Previous conflicting instructions have been rescinded, and detailed calculations are provided in an annexure. The circular mandates recovery of any short levy from 16th September 1999 and requires compliance reports by 20th February 2001.
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