Excemption of Excise, Octroi, for SEZ units
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Physical export treatment for supplies to SEZ units: DTA sales exempt from excise and require N Form for octroi relief.
SEZs are regarded as foreign territory and supplies from DTA units to SEZ units are treated as Physical Export and exempt from excise and other duties; DTA procurement and clearance procedures follow Circular No. 29/2006-Cus., and octroi exemption requires filing and timely closure of the N Form. (AI Summary)
SEZs are regarded as foreign territory and supplies from DTA units to SEZ units are treated as Physical Export and exempt from excise and other duties; DTA procurement and clearance procedures follow Circular No. 29/2006-Cus., and octroi exemption requires filing and timely closure of the N Form. (AI Summary)
i want to know, whether sez units have to pay excise, octroi if the machine purchased from DTA Units. please inform me Thanks
TaxTMI