Excise exemption cap limits payable duty to a proportion of aggregate customs duties for export oriented and FTZ manufacturers. Exempts finished products, rejects, waste, scrap and by products produced in a hundred per cent export oriented undertaking or a free trade zone wholly from Indian raw materials from excise duty to the extent such duty exceeds an amount equivalent to fifty per cent of the aggregate of the duties of customs chargeable on like imported goods, subject to conditions limiting applicability to items that are exempt or nil rated when cleared by domestic units and to goods permitted for sale in India under specified Export and Import Policy provisions.
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.
Excise exemption cap limits payable duty to a proportion of aggregate customs duties for export oriented and FTZ manufacturers.
Exempts finished products, rejects, waste, scrap and by products produced in a hundred per cent export oriented undertaking or a free trade zone wholly from Indian raw materials from excise duty to the extent such duty exceeds an amount equivalent to fifty per cent of the aggregate of the duties of customs chargeable on like imported goods, subject to conditions limiting applicability to items that are exempt or nil rated when cleared by domestic units and to goods permitted for sale in India under specified Export and Import Policy provisions.
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