Use of duty free material for capital goods manufactured within EOU for captive use - Reg.

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....the Trade and all concerned are invited to Notification No.52/2003 Cus dated 31.03.2003, wherein usage of inputs, imported or procured domestically, for manufacture of finished goods is allowed as per standard input output norms (SION). 2. An export oriented unit has represented regarding difficulties faced in grant of exemption from Customs & Central Excise duty on raw materials common for manuf....

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....anufactured out of duty free inputs for use within the EOU are required to be accounted for and bonded as per the usual bonding procedure. While following the Into-bond procedure, the value of such capital bonding would be assessed by following the computed value method in terms of the Customs valuation Rules, which would inter alia account for the raw material captively consumed in manufacture of....