Exemption for capital goods under SHIS: excise duties waived when scrip conditions, registration, and actual user obligations are met. Capital goods cleared against a Status Holder Incentive Scrip (SHIS) are exempt from the whole of excise and specified additional duties when the scrip is issued for eligible exports; the scrip must be registered with the customs authority which debits duties otherwise payable, informs the Central Excise Officer who endorses and validates clearances. The exemption is subject to sectoral and product eligibility, specified exclusions (including EOUs, SEZ-related exports, deemed exports and other restricted exports), non-transferability except as endorsed transfers to manufacturers or within group companies, an actual user condition with undertakings for short-debits or misuse, retention of debited and endorsed scrip copies, and entitlement to drawback or CENVAT credit against the debited amount.