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Exemption to finished products, rejects, waste or scrap from <a href='http://www.eximguru.com/exim/eou/default.aspx'>EOU</a>s/ FTZs
and sold in India
Notification No. 13 dated
2nd June 1998
In exercise of the powers
conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of
1944), the Central Government, being satisfied that it is necessary in the
public interest so to do, hereby exempts the finished products, rejects and
waste or scrap specified in the Schedule to the Central Excise Tariff Act, 1985
(5 of 1986), produced or manufactured, in a hundred per cent, export-oriented
undertaking or a free trade zone wholly from the raw materials produced or
manufactured in India, from so much of the duty of excise leviable thereon under
section 3 of the said Central Excise Act, as is in excess of the amount
calculated at the rate of thirty per cent of each of the duties of customs,
which would be leviable under section 12 of the Customs Act, 1962 (52 of 1962)
read with any other notification for the time being in force issued under
sub-section (1) of section 25 of the said Customs Act, on the like goods
produced or manufactured outside India if imported into India, subject to the
following conditions, namely: -
(a) such finished products, if
manufactured and cleared by a unit other than a hundred percent, export-oriented
undertaking or a unit in a free trade zone, are wholly exempt from the duties of
excise or are chargeable to Nil rate of duty; and
(b) the finished products,
rejects and waste or scrap are allowed to be sold in India under and in
accordance with the provisions of sub-paragraphs (a), (b), (c), (d) or (f) of
paragraph 9.9 or of paragraph 9.20 of the Export and Import Policy 1 April,
1997-31 March, 2002.
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