Exemption to goods cleared under “served from India”
In tune with the DGFT’s notification allowing payment of excise duty from duty free credit scrip, the Revenue ministry has now issued an excise exemption notification for this purpose. Now the hotel industry covered under the scheme can get certain goods from the domestic market without excise duty by using the scrips obtained, subject to certain conditions:-
1. The certificate issued by the Regional Authority is produced before the jurisdictional Central Excise Officer at the time of clearance for debit of the duties.
2. exemption is not be admissible if there is insufficient credit in the certificate for debiting the duties
3. the certificate and goods cleared against it shall not be transferred or sold. ( They can be within the same group)
4. Certificate of installation to be produced from Assistant Commissioner/Deputy Commissioner.
NOTIFICATION NO. , Dated: June, 14 2006