Central Excise Duty Exemption Scheme - 2017-2018 StudyChaCha

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Old June 3rd, 2013, 07:59 PM
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Default Central Excise Duty Exemption Scheme

Give me some details about Central Excise Duty Exemption Scheme?
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Old June 4th, 2013, 05:46 PM
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Default Re: Central Excise Duty Exemption Scheme

You want to know about Central Excise Duty Exemption Scheme so here is its information:

The Government may exempt wholly or part of customs duties for import of inputs and capital goods under an export promotion scheme through a notification. Importers of such exempted goods undertake to fulfil certain export obligations (EO) as well as comply with specified conditions, failing which the applicable normal duty becomes leviable. A few illustrative cases where duty exemptions were availed of without fulfilling EOs/conditions, are discussed in the following paragraphs. The total revenue implication in these cases is Rs. 24.30 crore. These observations were communicated to the Ministry through 42 draft audit paragraphs. The Ministry/department has accepted (till January 2010) the audit observations in 31 draft audit paragraphs with a revenue implication of Rs. 14.07 crore, of which Rs. 3.53 crore has been recovered.

For more information you are free to download attached pdf file:
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File Type: pdf Central Excise Duty Exemption Scheme.pdf (93.9 KB, 25 views)
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