BUDGET CHANGES REGARDING DTA CLEARANCES

[Asked by Guest]

Dear Sir,

Please explain regarding changes made as per notification 18/2014 ce of clearances made by eou unit to dta unit,pls explain in simple words,

thanks and regards.

[YAGAY and SUN]

Dear Sandesh,

It means that Education cess and secondary and higher education cess (customs component) is being exempted on goods cleared by an EOU into the DTA.

Notification No.23/2003-Central Excise dated 31.03.2003 as amended by notification No.18/2014-Central Excise dated 11th July, 2014 [new S.Nos.1A and 1B] refers.

Regards,

Team YAGAY and SUN

(Management and Indirect Tax Consultants)

AI Summary

Exemption of education cess on EOU-to-DTA clearances removes customs-component cess liability under amended central excise notification.
Amendment exempts the education cess and the secondary and higher education cess (customs component) on goods cleared by an Export Oriented Unit into the Domestic Tariff Area by inserting new entries in the central excise notification governing EOU-to-DTA clearances, thereby treating those cesses as not leviable on such clearances.