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 andSUN]

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 andSUN]

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