Area Based Exemption- Changes in refund schemes - Provisions Explained

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....ons from Central Excise duty operating as refund scheme are currently in operation for North Eastern States under Notification No. 32/99-CE and 33/99-CE both dated 8.7.99 and under Notification No.20/2007-CE dated 25.04.2007. 2. In all these cases, the exemption operates through a refund mechanism. Thus, the manufacturer availing of the exemption is required to fully utilize the CENVAT Credi....

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....es of these amendments are as follows:- i) Goods covered by the scheme and manufactured by eligible units in the specified area are currently exempt from so much of the duty of excise as is equivalent to the duty paid in cash or through account current (PLA), instead, the extent of exemption shall henceforth be equivalent to the duty payable on value addition carried out by the units in these a....

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....stricted to the amount actually paid. iii) There is no substantive change in the procedure for filling the refund claim except the supporting documents that the assessees is required to furnish. These are specified in the Notification. The current provision for self-credit of the refund amount by the assessees has also been retained. iv) It has also been provided that in case the actual valu....