https://www.taxtmi.com/article/detailed?id=48 The LTU scheme consolidates central excise, service tax and income tax jurisdiction for an eligible taxpayer's registered premises under a designated LTU, with application to and acceptance by the Chief Commissioner. It creates a single executive interface, requires separate returns for each premise (unless centralized), and permits intra-LTU transfers of inputs, intermediate and capital goods without duty payment or credit reversal provided finished goods are cleared on payment of duty or exported within six months; failure invokes duty or credit reversal with interest and other prescribed conditions. en-us Tue, 10 Oct 2006 00:00:00 +0530 Sat, 23 Oct 2010 10:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=48 The LTU scheme consolidates central excise, service tax and income tax jurisdiction for an eligible taxpayer's registered premises under a designated LTU, with application to and acceptance by the Chief Commissioner. It creates a single executive interface, requires separate returns for each premise (unless centralized), and permits intra-LTU transfers of inputs, intermediate and capital goods without duty payment or credit reversal provided finished goods are cleared on payment of duty or exported within six months; failure invokes duty or credit reversal with interest and other prescribed conditions. Articles Central Excise Tue, 10 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=48