Excise Duty Exemption of Goods Supplied to World Bank etc. Financed Project - Conditions Changed - 040/99 - Central Excise - Tariff

Excise duty exemption conditions tightened for goods to listed international organisation financed projects, requiring specified organisational or Deputy Secretary certification.

Amendment requires certification for excise duty exemption on goods linked to projects financed by listed international organisations: either a certificate from the listed organisation confirming necessity and Government approval where goods are supplied to the organisation for an approved project, or a certificate from an officer not below Deputy Secretary in the finance department confirming necessity and Government approval where goods are supplied to an approved project financed by a listed organisation; exemptions confined to organisations named in the Annexure.