Duty-free inputs for capital goods: in-house capital goods must be bonded and are liable to duty on debonding or external clearance. Capital goods manufactured within an EOU from duty-free inputs must be accounted for and bonded under the usual into-bond procedure, with their value assessed by the computed value method under the Customs Valuation Rules reflecting captively consumed raw materials; such goods are liable to duty on clearance outside the unit, on debonding or on exit from the EOU scheme, and the excise exemption under the central notification does not apply.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Duty-free inputs for capital goods: in-house capital goods must be bonded and are liable to duty on debonding or external clearance.
Capital goods manufactured within an EOU from duty-free inputs must be accounted for and bonded under the usual into-bond procedure, with their value assessed by the computed value method under the Customs Valuation Rules reflecting captively consumed raw materials; such goods are liable to duty on clearance outside the unit, on debonding or on exit from the EOU scheme, and the excise exemption under the central notification does not apply.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
