banner_ad

doubt regarding TED

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 December 2008 hai

when we purchase any machinery under EPCG LIC., the excise duty will be refunded, why it is done like that ?

In case of import no duty will be refund ?

can anyone clarify the above ?

regards
k.ravi
Profile Image

Taxguy

Profile Image

Taxguy (Expert)
29 December 2008 To promote exports
Profile Image

ravi

Profile Image

ravi (Querist)
29 December 2008 thanks
Profile Image

Rajesh Kumar

Profile Image

Rajesh Kumar (Expert)
07 January 2009 At the time of import only 5% custom duty is required to be paid. CVD (equivalent to central excise duty) is completely exempted.
When such cpaital goods is purchased from a domestic supplier, after invalidation of EPCG license, only excise duty is payble- which is refunded as refund of terminal excise duty under Chapter 8 of Foreign Trade Policy.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details