Dear All
We have one manufacturing unit at Karnataka and another at Tamilnadu .We want send Palm Fatty Acid Distillate ( PFAD) from Karnataka Factory to Chennai factory for export from Chennai Factory.
Kindly clarify Karanataka stock transfer clearance to Chennai Factory, Can we get Excise Duty Exemption and if so what is the procedure?
Manufacturing company seeks excise duty exemption for PFAD export; Central Excise Rules, 2016, may provide relief. A manufacturing company with units in Karnataka and Tamil Nadu seeks advice on transferring Palm Fatty Acid Distillate (PFAD) for export from Chennai, questioning the possibility of excise duty exemption. One respondent suggests using the CT-1 procedure, typically for duty-free procurement from Export Oriented Units (EOUs), while another questions its applicability to this case. A third response clarifies that the company should follow the Central Excise Rules, 2016, which allow removal of goods at a concessional duty rate for manufacturing excisable and other goods, negating the need for a CT-1. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
