Seeks to further amend notification No. 12/2012-CE dated 17.3.2012 so as to provide exemption from excise duty on all raw material and parts for use in manufacture of certain specified ships/vessels subject to actual user condition and also removing the requirement of manufacturing of ships/vessels in a custom bonded warehouse under the provisions of Section 65 of the Customs Act, 1962 for availing duty benefits. https://www.taxtmi.com/notifications?id=118394 Grants excise duty exemption on raw materials and parts for manufacture of specified ships and vessels subject to actual user condition and bond undertakings, removes the requirement to manufacture in a customs bonded warehouse for availing the benefit, and provides a transitional bond and duty-recovery mechanism for steel procured under the earlier provision. en-us Tue, 24 Nov 2015 00:00:00 +0530 Sat, 28 Nov 2015 10:44:00 +0530 TaxTMI RSS Generator Seeks to further amend notification No. 12/2012-CE dated 17.3.2012 so as to provide exemption from excise duty on all raw material and parts for use in manufacture of certain specified ships/vessels subject to actual user condition and also removing the requirement of manufacturing of ships/vessels in a custom bonded warehouse under the provisions of Section 65 of the Customs Act, 1962 for availing duty benefits. https://www.taxtmi.com/notifications?id=118394 Grants excise duty exemption on raw materials and parts for manufacture of specified ships and vessels subject to actual user condition and bond undertakings, removes the requirement to manufacture in a customs bonded warehouse for availing the benefit, and provides a transitional bond and duty-recovery mechanism for steel procured under the earlier provision. Notifications Central Excise Tue, 24 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118394