Export scheme liberalisation permits duty-free capital goods inputs and procedural reliefs for EOUs and related units. The notification amends multiple prior central excise exemptions to permit duty-free supply of raw materials for making capital goods and other items for export production with prior Board approval; authorises officers to permit destruction of rejects and wastes without payment of duty subject to conditions and presence of an authorised officer; links home consumption clearances to fulfilment of prescribed minimum Net Foreign Exchange Earning as a Percentage of Exports; expands eligibility to include units in special economic zones converted from free trade zones; and allows clearance of finished goods and residuals to specified warehouses without payment of duty.
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Export scheme liberalisation permits duty-free capital goods inputs and procedural reliefs for EOUs and related units.
The notification amends multiple prior central excise exemptions to permit duty-free supply of raw materials for making capital goods and other items for export production with prior Board approval; authorises officers to permit destruction of rejects and wastes without payment of duty subject to conditions and presence of an authorised officer; links home consumption clearances to fulfilment of prescribed minimum Net Foreign Exchange Earning as a Percentage of Exports; expands eligibility to include units in special economic zones converted from free trade zones; and allows clearance of finished goods and residuals to specified warehouses without payment of duty.
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