Excise exemption for goods from special economic zones where clearance is supported by advance release orders or back-to-back letters of credit. Exemption from central excise duty applies to excisable goods produced in a special economic zone when cleared to holders of an advance release order issued against an advance licence or DFRC, or where clearance is supported by a back-to-back inland letter of credit, with clause (a) exempting the whole excise duty and clause (b) exempting that portion equal to customs and special additional customs duty; clearance requires production of the original advance release order or back-to-back letter of credit specifying quantity, description and value, and debiting of those entries by the proper officer before clearance.
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 for goods from special economic zones where clearance is supported by advance release orders or back-to-back letters of credit.
Exemption from central excise duty applies to excisable goods produced in a special economic zone when cleared to holders of an advance release order issued against an advance licence or DFRC, or where clearance is supported by a back-to-back inland letter of credit, with clause (a) exempting the whole excise duty and clause (b) exempting that portion equal to customs and special additional customs duty; clearance requires production of the original advance release order or back-to-back letter of credit specifying quantity, description and value, and debiting of those entries by the proper officer before clearance.
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