Exemption for unwrought zinc produced from duty-paid residues allowed subject to input duty paid and credit restrictions. Exemption exempts unwrought zinc under heading No. 79.01 from excise duty where produced from zinc dross, zinc ash or residues on which excise or additional customs duty has already been paid, provided no duty credit has been taken on those inputs; the exemption does not apply to primary producers, and stocks of inputs are deemed duty-paid unless clearly recognisable as non-duty paid.
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.
Exemption for unwrought zinc produced from duty-paid residues allowed subject to input duty paid and credit restrictions.
Exemption exempts unwrought zinc under heading No. 79.01 from excise duty where produced from zinc dross, zinc ash or residues on which excise or additional customs duty has already been paid, provided no duty credit has been taken on those inputs; the exemption does not apply to primary producers, and stocks of inputs are deemed duty-paid unless clearly recognisable as non-duty paid.
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 
