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<h1>India Exempts Specified Capital Goods from Excise Duties Under Notification No. 33/2012 for SHIS Duty Credit Scrip Holders</h1> The Government of India, under Notification No. 33/2012, exempts specified capital goods from excise duties when cleared against a Status Holder Incentive Scheme (SHIS) duty credit scrip. The exemption applies to goods listed in the Central Excise Tariff Act, 1985, and is contingent upon conditions such as the scrip being issued for exports from certain sectors and years, non-transferability of the scrip, and compliance with actual user conditions. The scrip allows for CENVAT credit or drawback of excise duties. Transfers within group companies are permitted under specific conditions.