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of <h1>Ministry of Finance Clarifies Excise Duty Calculation for EOUs and EPZs to DTA Transfers under Notifications 97/91-CE, 101/93-CE.</h1> The circular from the Ministry of Finance clarifies the calculation of excise duty on goods cleared from 100% Export Oriented Units (EOUs) or Export Processing Zones (EPZs) to the Domestic Tariff Area (DTA). It specifies that excise duty should be equivalent to 50% of the customs duties that would apply to similar imported goods, as per Notifications No. 97/91-CE and No. 101/93-CE. The correct method, Method A, involves calculating the value for additional customs duty based on the concessional basic and auxiliary duty rates. Field formations are instructed to apply this method for duty calculations on DTA clearances.
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