TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clarification on Excise Duty Exemption for EOUs and FTZs: Indigenous vs. Imported Material Use Under Notification No. 8/97-CE.</h1> Circular No. 389/22/98-CX, dated 5/5/1998, clarifies the eligibility for benefits under Notification No. 8/97-CE, dated 1.3.97, concerning 100% Export Oriented Units (EOUs) and Free Trade Zones (FTZs). The notification exempts certain products from excise duty if produced entirely from indigenous raw materials. The Board clarifies that units using both imported and indigenous raw materials are not eligible for the exemption. However, units using imported consumables can still qualify, provided all other conditions are met. Pending disputes should be resolved based on this clarification.
TaxTMI 
TaxTMI 
