What if a plant is purchased indegeniously under EPCG Authorisation, but excise duty is charged by supplier and paid by customer.
As there is no customs duty in domestic purchase, in this case how to take refund of the excise duty?
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EPCG & CENVAT CREDIT
Replies (1)
DEAR RANA G,
FOREIGN TRADE POLICY 2009-2014, AS PER PARA 5.6 "A PERSON HOLDING AN EPCG AUTHORIZTION MAY SOURCE CAPITAL GOODS FROM A DOMESTIC MANUFACTURER . SUCH DOMESTIC MANUFACTURER SHALL BE ELIGIBLE FOR DEEMED EXPORT BENEFIT UNDER PARAGRAPAH 8.3 OF FOREIGN TRADE POLICY. SUCH DOMESTIC SOURCING SHALL ALSO BE PERMITTED FROM EOU'S AND THESE SUPPLIES SHALL BE COUNTED FOR PURPOSE FOR FULFILLMENT OF POSITIVE NET FOREIGN EXCHANGE BY SAID EOU AS PROVIDED IN PARA 6.9(A) OF FOREIGN TRADE POLICY.
IN VIEW OF ABOVE, FOR UR KIND INFORMATION ARO ISSUE BY DGFT .
FOR MORE INFO : READ FOREIGN TRADE POLICY AND HAND BOOK OF PROCEDURES VOL-1
THX,
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