Refund of excise duty

[Guest]

MEGA POWER PROJECTS (SAY NUCLEAR POWER PROJECTS)enjoy certain concessions. As per Import Export policy (1997-202)domestic contractors supplying goods for these projects under the process of comptetive bidding shall be eligible for benefits of 'Deemed Export' which include refund of terminal excise duty vide notifications no.42(RE-2001)1997-2002 dt.21.12.2001 and 57 (RE-01/1997-2002 dt.21.12.2001)issued by the DGFT. My query is whether a contractor who has supplied goods for construction of one such project at Rajasthan in 2004-05-06, can claim refund of excise duty charged to him by his suppliers on these goods in their bills. If yes, the procedure thereof.

AI Summary

Eligibility for Excise Duty Refund for Contractors in Mega Power Projects: Consult a Professional for Complex Claims. A query was raised about the eligibility for a refund of excise duty for a contractor supplying goods to a mega power project in Rajasthan between 2004-2006. Under the Import Export policy (1997-2002), domestic contractors involved in such projects can claim deemed export benefits, including terminal excise duty refunds, as per specific notifications. Responses indicated that claiming a refund is possible, but it requires consulting a professional due to the complexity of the issues involved. The foreign trade policy provides certain export benefits, such as excise duty exemptions, which need detailed analysis of the circumstances.