1) Firstly, when we apply for EPCG lic. for local procurement, why we get refund of Excise Duty and why it is called as Refund of "TERMINAL" Excise Duty, why the word TERMINAL is used.
2) Secondly, For local procurement under EPCG lic. we will get refund of Excise Duty as mentioned above, why we will not get any refund from import items (cleared under EPCG LIC.)
3) Lastly, what benefit would govt. gets if Excise Duty is refunded to the manufacturer.
CAclubindia
