TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Export Oriented Units not exempt from service tax; auditors to verify compliance with excise duty and DTA sales rules.</h1> Export Oriented Units (EOUs) are not generally exempt from service tax, although they benefit from specific excise duty provisions under the Central Excise Act. Goods manufactured in EOUs are subject to excise duty equivalent to customs duties when cleared into the domestic tariff area (DTA). EOUs can avail exemptions on capital goods and raw materials, provided conditions in relevant notifications are met. Auditors must verify compliance with these conditions, focusing on internal controls and potential revenue risks. Key audit areas include approval verification, production capacity, duty-free benefits, DTA sales, duty liabilities, and adherence to Foreign Trade Policy.
TaxTMI 
TaxTMI 
