Excise duty credit on cut tobacco allowed for exported under bond cigarettes, usable against duty on home consumption clearance. The amendment provides that where cigarettes are exported under bond, duty already paid on cut tobacco used in their manufacture shall be allowed as an excise duty credit to be utilised towards payment of duty on cigarettes cleared for home consumption.
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.
Excise duty credit on cut tobacco allowed for exported under bond cigarettes, usable against duty on home consumption clearance.
The amendment provides that where cigarettes are exported under bond, duty already paid on cut tobacco used in their manufacture shall be allowed as an excise duty credit to be utilised towards payment of duty on cigarettes cleared for home consumption.
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