Excise Duty saved: BG requirement under the Duty Exemption Scheme tied to excise duty saved rather than customs. The Handbook of Procedures is amended to replace the expression 'Customs duty saved' with 'Excise Duty saved', so that bank guarantees and related security requirements under the Duty Exemption Scheme are calculated with reference to excise duty saved rather than customs duty, thereby aligning terminology and compliance calculations in the Handbook.
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.
Excise Duty saved: BG requirement under the Duty Exemption Scheme tied to excise duty saved rather than customs.
The Handbook of Procedures is amended to replace the expression 'Customs duty saved' with 'Excise Duty saved', so that bank guarantees and related security requirements under the Duty Exemption Scheme are calculated with reference to excise duty saved rather than customs duty, thereby aligning terminology and compliance calculations in the Handbook.
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