Seeks to amend various Central Excise Exemption notifications relating to Export Promotion Schemes under central excise Tarif Notification - 17/2017 - Central Excise - Tariff
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Central Excise exemption: goods cleared against export duty credit scrips are fully exempt and eligible for drawback or CENVAT credit. Amendments substitute opening paragraphs of multiple notifications so that goods specified in the Fourth Schedule, when cleared against prescribed export promotion duty credit scrips, are exempt from the whole of excise duty leviable under the Fourth Schedule; and they standardise a condition permitting the scrip holder to avail drawback or CENVAT credit of duties leviable under the Fourth Schedule against the amount debited in the validated scrip at the time of clearance.
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.
Central Excise exemption: goods cleared against export duty credit scrips are fully exempt and eligible for drawback or CENVAT credit.
Amendments substitute opening paragraphs of multiple notifications so that goods specified in the Fourth Schedule, when cleared against prescribed export promotion duty credit scrips, are exempt from the whole of excise duty leviable under the Fourth Schedule; and they standardise a condition permitting the scrip holder to avail drawback or CENVAT credit of duties leviable under the Fourth Schedule against the amount debited in the validated scrip at the time of clearance.
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