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

[YAGAY and SUN]

Notification No. 33 / 2012 - Central Excise

 

 

[RAM SHARMA]

DEAR EXPETS,

IT IS NOT CLEARED THAT CAN WE PURCHASE CAPITAL GOODS FROM DOMESTIC MANUFACTURER PAYMENT OF EXCISE DUTY THROUGH UTILISATION OF SHIS LICENCE. PL CLERIFY AND EXPLAIN.

THANKS 

[YAGAY and SUN]

It seems that you have not gone through the appended notification carefully. 

[RAM SHARMA]

SIR,

WHAT WILL BE THE PROCEDURE OF REMOVE CAPITAL GOODS WITHOUT PAYMENT OF DUTY AGAINST SHIS AND RECEIVE CAPITAL GOODS AGAINST SHIS FROM LOCAL MARKET.

THANKS

AI Summary

SHIS exemption for capital goods: question whether licences allow duty-free domestic acquisition and required excise procedures.
Query whether the Special Holder Incentive Scheme (SHIS) permits purchase or removal of capital goods from domestic suppliers without payment of excise duty, and what excise procedures and formalities apply; Notification No. 33/2012 - Central Excise is cited but its operational effect on domestic utilisation and procedural steps remains unclear.