Suraj Agarwal (Self Practitioner in Income Tax & GST) (782 Points)
16 May 2011
what are the CCR provisions with respect to
" Goods manufectured by 100% EOU are removed to DTA"
in the hands of 100% EOU as well as DTA ??
I mean how much exemption will be allowed to 100%EOU ??
& How much credit can be taken by DTA on the goods manufectured in 100%EOU ??
Plz. give provision details also.
Thanks in advance for urgent repling it.
C.A.Prachi Shah
(Finance)
(78 Points)
Replied 16 May 2011
I think that ,If goods manufactured in 100% EOU are brought to DTA then excise duty charge there on equal to aggregate of all custom duty chargeable on import of same goods. Basic custom duty is 50 % exempt u/s 3(1) of central excise act.
No excise chargeable on EOU as they are not considered as a patr of India for excise.
Please confirm and if there are any mistake correct me too....
Thanks
C.A Manish Arya
(C.A, M.B.A)
(408 Points)
Replied 16 May 2011
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