Excise duty exemption for quarrying goods enables duty-free procurement for EOUs and EPZ units subject to conditions. Exemption of excise duty on specified quarrying goods is granted to approved hundred percent EOUs and units in designated EPZs when goods are directly procured for quarrying granite for further processing or manufacture for export, subject to prior approval, execution of a bond to use goods only for approved export units, compliance with NFEP/EP export obligations, timely installation or usage timelines for capital and non-capital goods, maintenance and submission of site accounts, restrictions on transfers and removals, and payment of duty with interest if conditions are breached.
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 duty exemption for quarrying goods enables duty-free procurement for EOUs and EPZ units subject to conditions.
Exemption of excise duty on specified quarrying goods is granted to approved hundred percent EOUs and units in designated EPZs when goods are directly procured for quarrying granite for further processing or manufacture for export, subject to prior approval, execution of a bond to use goods only for approved export units, compliance with NFEP/EP export obligations, timely installation or usage timelines for capital and non-capital goods, maintenance and submission of site accounts, restrictions on transfers and removals, and payment of duty with interest if conditions are breached.
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