| Date: |
23-12-1997
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| Notification No: |
Customs Circular No 73/1997
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| Issuing Authority: |
Indian Customs
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| Type: |
Circular
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| File No: |
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| Subject: |
Misuse of Notification No. 8/ 97- Central Excise dated 1.3. 1997
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Misuse of Notification No. 8/ 97- Central Excise dated 1.3. 1997
Circular No. 73 dated 23rd
December 1997
It has been brought to the notice of the Board that
a 100% EOU has cleared cotton yarn manufactured from duty free locally procured
cotton yarn and imported Poly Vinyl Acetate, to Domestic Tariff Area, by
availing of the exemption notification No. 8/ 97-CE dated 1.3.97. The
notification No. 8/97-CE stipulates that benefit would be available to the goods
produced or manufactured in a 100% EOU, from wholly indigenous raw materials.
The misuse of the notification has resulted in duty evasion to the tune of Rs.
2.6 crores.
2.
You are requested to direct the field formation to be vigilant and ensure
such misuse of notification does not repeat in your jurisdiction.
3.
Kindly acknowledge receipt of this letter.
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