Excise exemption for marine freight containers conditioned on export bond and time limited export obligation with possible extension. Exemption from excise duty applied to marine freight containers produced in a 100% Export Oriented Unit, Export Processing Zone, or Free Trade Zone and sold in India for export, subject to a bond by the unit and buyer to export the containers within six months and to furnish documentary proof; failure to export would make duty payable, and the Assistant Commissioner of Customs could extend the period for sufficient cause for a further period not exceeding six months; the notification was later rescinded.
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 marine freight containers conditioned on export bond and time limited export obligation with possible extension.
Exemption from excise duty applied to marine freight containers produced in a 100% Export Oriented Unit, Export Processing Zone, or Free Trade Zone and sold in India for export, subject to a bond by the unit and buyer to export the containers within six months and to furnish documentary proof; failure to export would make duty payable, and the Assistant Commissioner of Customs could extend the period for sufficient cause for a further period not exceeding six months; the notification was later rescinded.
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