We are being a power plant under construction., refering FTP exemption is allowed at par with SEZ..
Is there any exemption is available in the purchase of capital goods itself or we shall submit for refund. Kindly give us the procedure to be adopted in this regard for refund of Excise duty / Exemption.
Thank you
Ravikumar
Central Excise duty refund or exemption on capital goods for power plant construction guided by Central Excise Rules procedure. Availability of refund or exemption of Central Excise duty on purchase of capital goods for a power plant under construction is questioned, including whether FTP parity with SEZ applies or refund must be claimed; the respondent directs reference to the Central Excise Rules provisions governing refund and exemption mechanisms for eligibility and procedure guidance. (AI Summary)