Rescission of exemption restores central excise levy on goods produced in export oriented units or free trade zones under statutory powers. The Central Government, exercising powers under the Central Excises and Salt Act and the Additional Duties of Excise Act, rescinds four notifications that had granted exemption to goods produced in export oriented units and free trade zones, thereby removing those exemptions and restoring the applicability of central excise duties to such goods as covered by the rescinded notifications.
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Rescission of exemption restores central excise levy on goods produced in export oriented units or free trade zones under statutory powers.
The Central Government, exercising powers under the Central Excises and Salt Act and the Additional Duties of Excise Act, rescinds four notifications that had granted exemption to goods produced in export oriented units and free trade zones, thereby removing those exemptions and restoring the applicability of central excise duties to such goods as covered by the rescinded notifications.
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