Excise duty concession for refrigeration equipment requires close monitoring and quarterly reporting to guard against misuse. Excise duty on parts and accessories of refrigeration and air conditioning appliances for cold storage has been placed at a concessional ad valorem rate, and requests seek extension of the concession to refrigeration equipment used in milk handling, meat and fish processing, ice making and marine product transportation. The Board requires close vigilance, quarterly reports showing units availing the concession and values of concessional clearances, immediate reporting of any misuse, and invites suggestions for additional safeguards.
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Provisions expressly mentioned in the judgment/order text.
Excise duty concession for refrigeration equipment requires close monitoring and quarterly reporting to guard against misuse.
Excise duty on parts and accessories of refrigeration and air conditioning appliances for cold storage has been placed at a concessional ad valorem rate, and requests seek extension of the concession to refrigeration equipment used in milk handling, meat and fish processing, ice making and marine product transportation. The Board requires close vigilance, quarterly reports showing units availing the concession and values of concessional clearances, immediate reporting of any misuse, and invites suggestions for additional safeguards.
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