SEZs - Goods Stored in a Warehouse for the Development/Operation/ Maintenance of SEZs - Excise Duty Off - 039/2002 - Central Excise - Tariff

Excise duty exemption for SEZ developer imports subject to authorisation, licensed warehousing, reporting and bond obligations.

Exemption from excise and additional excise duties is granted for excisable goods brought into a Special Economic Zone by a developer for SEZ development, operation and maintenance, provided the developer has Development Commissioner permission, the goods are authorised by a Committee headed by the Commissioner of Customs or Commissioner of Customs and Central Excise, stored in licensed public or private warehouses under the Customs Act, and the developer maintains accounts, files quarterly statements, obtains permission for removal with payment where applicable, and executes a bond to utilise the goods within six months or extended period, failing which duty with interest is payable.