We have a manufacturing unit in Uttarakhand, and availing notification 50/2003 dated 10.1.2003 and exempted from excise duty for 10 years.
We are exporting goods to SEZ and in ARE-1, we are not showing excise duty. But the customer is insisting to show the excise duty in ARE-1to show duty forgone.
My query is whether it will be right to show excise duty in ARE-1, inspite of the fact that this exemtion has already been granted. The duty is not forgone for the purpose of export?
Please reply asap.
CAclubindia
