Home consumption limits for export-oriented units defined with category-based entitlement and mandatory certification and conditions. The amendment permits clearance for home consumption by 100% EOU, FTZ, EHTP or STP units only where goods cleared are identical to exported or intended-for-export goods, the value cleared does not exceed the unit-specific percentage entitlement in the annexed Table calculated against total production of identical goods, and the balance is exported or disposed of under paragraph 103 of the Export and Import Policy. Software and rejects have separate percentage-based caps. A certificate from the Development Commissioner or designated officer is required to confirm compliance.
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.
Home consumption limits for export-oriented units defined with category-based entitlement and mandatory certification and conditions.
The amendment permits clearance for home consumption by 100% EOU, FTZ, EHTP or STP units only where goods cleared are identical to exported or intended-for-export goods, the value cleared does not exceed the unit-specific percentage entitlement in the annexed Table calculated against total production of identical goods, and the balance is exported or disposed of under paragraph 103 of the Export and Import Policy. Software and rejects have separate percentage-based caps. A certificate from the Development Commissioner or designated officer is required to confirm compliance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
