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of <h1>Supreme Court Decision on Excise Duty Exemptions for Importers Sparks Review and Amendments to Protect Domestic Manufacturers.</h1> The Supreme Court ruled that importers of certain final products are entitled to excise duty exemptions similar to domestic manufacturers who do not avail CENVAT credit on inputs. This decision potentially disadvantaged domestic manufacturers, conflicting with the Make in India policy. The Central Board of Excise and Customs (CBEC) identified interpretational errors and filed a review petition. Meanwhile, amendments were made to clarify that excise duty exemptions apply to manufacturers, not importers. Notifications were issued to address concerns about 'appropriate duty,' ensuring domestic products remain exempt or subject to concessional rates as before. Further instructions were issued for field implementation.
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