Exemption to all excisable goods produced in 100% EOU, FTZ, EHTP or STP units when sold in India
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.... by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all excisable goods (hereinafter referred to as the said goods) specified in the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and produced or manufactured in a hundred percent export orie....
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.... the 22nd March, 1994, upto a value not exceeding twenty-five percent of the value of production of software manufactured in the case of a Software Technology Parks (STP) unit, from so much of the duty of excise leviable thereon under section 3 of the said Central Excises and Salt Act as is in excess of the amount calculated at the rate of fifty per cent of each of the duties of customs, which ....
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.... 1944 or sub-section (1) of section 5A of the said Central Excises and Salt Act, as the case may be : Provided further that nothing contained in the above proviso shall apply to the goods which are chargeable to nil rate of duty leviable under section 12 of the Customs Act read with any other notification for the time being in force issued under sub-section (1) of section 25 of the said Customs....
TaxTMI