Dear All,
I have one query regarding Exemption of Excise Duty.
One of our customer is located in SEZ and they are saying for them Excise Duty will be exempted.
Please advice whether Excise Duty Exemption is appicable if 1) 100% EOU & Partialy EOU.
Kindly reply immediately, URGENT
Advance Thanks
Regards
Prasad
Dear Mr.Durga prasad,
Eous are allowed to procure materials without payment of duty.
The Eous will obtain necessary permission /certificates from customs/central excise authorities. Based on that you have to cleare the goods. Even though that unit is situated in India. It will be treated as foreign country.
pls refer to notification no 52/2003 of customs and 22/2003 of c.ex, which gives full detail about this.
Regards
Sunil Kumar
Subrahmanyam & Sivudu CA Firm
Hyderabad
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Getmyca Consultant Pvt Ltd
New Delhi
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Bharat Shah & Associates
Mumbai
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