Applicability of excise duty

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2013 Sir Is excise duty applicable for export oriented unit registered under STPI scheme, for assembling of capital goods which are imported with nil customs duty.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

24 September 2013 An stpiunit may import free of duty capital goods, raw materials, components and other related inputs. However these should not be on the negative list of prohibited items in the Foreign Trade Policy.
Second hand capital goods may also be imported by STPI units.

MORE INFO READ:

Notification No. 22/2003-CE & 23/2003-CE dated 31March 2003.

Contact Us for more information

Sh. Sanjay Kumar Gupta
Additional Director
(Statutory Services Group & Project Mgt. & Consultancy incl. all computerization activities and Planning, Procurement as well as Purchase Group Head)
Tel. no. - 0120 - 2470508
Fax no.- 0120-2470403
STPI-Noida