Seeks to further amend notification No. 52/2003-Customs dated 31-03-2003 so as to enable EOUs to become eligible for duty exemption on raw materials/parts consumed in manufacture of certain specified ships/vessels and cleared to DTA, even if such ships/vessels are exempt from basic customs duty and central excise/CV duty - 55/2015 - Customs -Tariff
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Customs duty exemption clarified: inputs for non-excisable or nil-duty finished vessels are ineligible for exemption. Substitution of the first proviso to Paragraph 3 clarifies that where finished goods (including rejects, waste, scrap, remnants and by-products) are either non-excisable or, if imported, liable to nil customs duty and nil additional duty, no exemption under the notification shall be available for inputs used in manufacture of such finished goods.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs duty exemption clarified: inputs for non-excisable or nil-duty finished vessels are ineligible for exemption.
Substitution of the first proviso to Paragraph 3 clarifies that where finished goods (including rejects, waste, scrap, remnants and by-products) are either non-excisable or, if imported, liable to nil customs duty and nil additional duty, no exemption under the notification shall be available for inputs used in manufacture of such finished goods.
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