EXEMPTION IN SPECIAL HOLDER SCHEME(SHIS)

[RAM SHARMA]

DEAR EXPERTS,

CAN WE UTILISED SHIS BENEFIT IN DOMESTIC MARKET FOR PURCHASE OF CAPITAL GOODS WITHOUT PAYMENT OF DUTY? IF YES THEN WHAT WILL BE THE PROCEDURE AND LEGAL FOMALATY IN EXCISE DEPARTMENT.

THANKS

AI Summary

Clarification Sought on Using SHIS Benefits for Capital Goods Purchase Without Excise Duty; Refer to Notification 33/2012. A participant inquired about utilizing the Special Holder Scheme (SHIS) benefits to purchase capital goods in the domestic market without paying excise duty. They sought clarification on the procedure and legal formalities involved. An expert referred to Notification No. 33/2012 - Central Excise, suggesting the participant review it for details. The participant requested further clarification on whether SHIS licenses could be used for excise duty payment and the procedure for acquiring capital goods without duty. The expert emphasized the importance of thoroughly reviewing the notification for guidance.