Exemption to tobacco products (Other than cigarettes, biris, cut tobacco and smoking mixtures for pipes and cigarettes), manufactured by the units in North East

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....r pipes and cigarettes), manufactured by the units in North East Please find enclosed a copy of Notification No. 69 - CE dated 25th August 2003. This notification prescribed concessional rates of excise duty on certain specified tobacco products manufactured by units located in North East. The salient features of the exemption scheme, under the said notification, are as under: a) The concess....

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....e scheme would operate. If the total duty is Rs. 100, the duty payable would be Rs. 50, provided the manufacturer invests the tax concession of Rs. 50 (Rs. 100 - Rs. 50 = Rs. 50) in the North East. d) This investment of the excise duty concession amount during a quarter should be made within next 6 months, from the end of that quarter. The invested amount should not be withdrawn, for the next 1....

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....f that State will also be a member of such committee. The unit availing such concession will have to prove to the satisfaction of such Committee that the concession amount has been invested in the manner prescribed. f) In case the amount is not invested, the unit will be liable to pay back the duty concession, along with interest at the rates applicable under the provisions of section 11AA or 1....