LETTER OF UNDERTAKING

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This query is : Resolved

P.S.VISHWANATHAN

P.S.VISHWANATHAN (Querist)

10 November 2008 WE ARE REGISTERED UNDER CENTRAL EXCISE AND WE NEED TO SUPPLY OUR EQUIPMENT TO CUSTOMER LOCATED IN A SEZ. SINCE THE SUPPLIES TO SEZ ARE EXEMPTED FROM EXCISE DUTY WE NEED TO EXECUTE A LETTER OF UNDERTAKING.

PLEASE LET ME KNOW THE FOLLOWING DETAILS:
1. VALUE OF STAMP PAPER ON WHICH THE LUT IS TOBE EXECUTED.
2. THE PAPERS THAT NEED TO BE ENCLOSED ALONG WITH LUT.

P.S.VISHWANATHAN

P.S.VISHWANATHAN (Querist)

10 November 2008 WE ARE LOCATED IN DELHI.

Ram Avtar Singh

Ram Avtar Singh (Expert)

14 November 2008 Goods manufactured in SEZ are ‘excluded excisable goods’ – A per section 3(1) of CE Act, duty is leviable on all excisable goods (excluding goods manufactured or produced in Special Economic Zones). Thus, goods manufactured or produced in SEZ are ‘excisable goods’ but no duty is leviable, as charging section 3(1) excludes those goods. Thus, the goods manufactured in SEZ are not ‘exempted goods’. They can be termed as ‘excluded excisable goods’ [The revised definition is made effective from 15-8-2003].

If he is exempt from duty you need to any avidencd for satisfactory to your rage officer. after satisfaction of your rang officer you can send it.

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