Capital goods exemption for manufacturer-exporters with import licences, subject to certificate, bond and prescribed procedural compliance. Exemption from excise duty is provided for capital goods supplied to a manufacturer-exporter holding an import licence under paragraph 197, subject to conditions: production to the Assistant Collector of a Chief Controller of Imports and Exports certificate and evidence of a bond with bank guarantee for the full duty amount, and compliance with rules 156A and 156B as modified by rule 173N.
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Provisions expressly mentioned in the judgment/order text.
Capital goods exemption for manufacturer-exporters with import licences, subject to certificate, bond and prescribed procedural compliance.
Exemption from excise duty is provided for capital goods supplied to a manufacturer-exporter holding an import licence under paragraph 197, subject to conditions: production to the Assistant Collector of a Chief Controller of Imports and Exports certificate and evidence of a bond with bank guarantee for the full duty amount, and compliance with rules 156A and 156B as modified by rule 173N.
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