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of <h1>Excise Duty Exemption Clarified: Personal Computers for Accounting in EPZ/FTZ Qualify as Office Equipment Under Notification 126/94-CE.</h1> The circular addresses the denial of excise duty exemption for personal computers used for maintaining accounts in units located in Export Processing Zones (EPZ) or Free Trade Zones (FTZ) under Notification No. 126/94-CE dated 2.9.94. It highlights a discrepancy where field authorities allow exemptions for computers used in software development but not for accounting purposes. The Central Board of Excise and Customs clarifies that personal computers used for maintaining accounts qualify as office equipment and are eligible for excise duty exemption. All pending cases should be resolved in accordance with this clarification.
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