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>Warehousing Facility Withdrawn for Petroleum Products; EOUs Can Now Use CENVAT Credit Scheme from September 6, 2004.</h1> The circular addresses the withdrawal of the warehousing facility for petroleum products, which allowed removal without duty payment to Export Oriented Units (EOUs). EOUs can now avail of the CENVAT Credit Scheme effective from September 6, 2004, allowing them to claim input credit for duty-paid goods and utilize it for duty payments on Domestic Tariff Area clearances. If unused, the credit can be refunded under CENVAT Credit Rules. Supplies to EOUs are considered 'Deemed Export,' allowing manufacturers to claim refunds of Terminal Excise Duty and deemed Export drawbacks. No further procedures for excise duty relief are deemed necessary.
TaxTMI 
TaxTMI 
