Central Excise - Exemption to Goods Cleared under Post Export EPCG Duty Credit Scrip

By Vijay Kumar

PARA 5.11 of the Foreign Trade Policy, which provides for duty remission in proportion to export obligation fulfilled allows Duty Credit Scrip(s) to be used for payment of applicable excise duties for domestic procurement.

So, now the Government has (after 8 months) exempted goods when cleared against a Post Export EPCG duty credit scrip from the whole of the duty of excise.

Notification No. 02 and 3/2013 - CE Dated: February 18, 2013