https://www.taxtmi.com/circulars?id=5336 The exemption from excise duty under Notification No. 108/95 CE (as clarified by Explanation 2) applies only to goods procured with project funds and actually used and consumed in the core project activity, and only where such goods become part of the project on a permanent basis. Goods or equipment purchased independently by contractors that remain with the contractors after project completion and are redeployed commercially do not qualify. The amendment is clarificatory; pending disputes should be resolved accordingly and essentiality certificates must be issued only for goods meeting this permanent-incorporation criterion. en-us Thu, 12 Jun 2008 00:00:00 +0530 Sat, 11 Oct 2008 23:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5336 The exemption from excise duty under Notification No. 108/95 CE (as clarified by Explanation 2) applies only to goods procured with project funds and actually used and consumed in the core project activity, and only where such goods become part of the project on a permanent basis. Goods or equipment purchased independently by contractors that remain with the contractors after project completion and are redeployed commercially do not qualify. The amendment is clarificatory; pending disputes should be resolved accordingly and essentiality certificates must be issued only for goods meeting this permanent-incorporation criterion. Circulars Central Excise Thu, 12 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5336