Dear Experts,
Please explain the term "Terminal Excise Duty" ? how & why it levied.
And what is the procedure to get its refund. ?
please explain.
Regards
Sameer
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 02 June 2009
This is Central Excise duty only- just the Foreign Trade Policy uses the term refund of terminal excise duty on products used for deemed export under Chapter 8 of Foreign Trade Policy.
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