Exemption to all excisable goods produced in 100% EOU, FTZ, EHTP or STP units when sold in India - 02/95 - Central Excise - Tariff

Excise exemption for EOU/FTZ/EHTP/STP sales in India limits excise to reduced customs-duty equivalent, subject to minimum and exclusions.

Goods manufactured in 100% EOU, FTZ, EHTP or STP units and sold in India are exempt from excise to the extent the excise exceeds an amount computed by reference to the duties of customs leviable on like imported goods, subject to scheme-specific domestic-sale value limits for EHTP and STP units. A proviso ensures duty payable is not less than the excise on like goods produced outside those units, except where the like goods attract a nil customs rate.