Excise duty reimbursement for bulk tea: Development Commissioners to refund duties to EOU and EPZ units while levy persists. The Export and Import Policy has been amended to require the Development Commissioner of the concerned zone to reimburse central excise duty at all industry rates on bulk tea procured from licensed auction centres by EOU and EPZ units, conditional on the continued existence of the levy on bulk tea, pursuant to section 5 of the Foreign Trade (Development and Regulation) Act, 1992 and paragraph 1.3 of the Policy.
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Excise duty reimbursement for bulk tea: Development Commissioners to refund duties to EOU and EPZ units while levy persists.
The Export and Import Policy has been amended to require the Development Commissioner of the concerned zone to reimburse central excise duty at all industry rates on bulk tea procured from licensed auction centres by EOU and EPZ units, conditional on the continued existence of the levy on bulk tea, pursuant to section 5 of the Foreign Trade (Development and Regulation) Act, 1992 and paragraph 1.3 of the Policy.
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