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2011 (9) TMI 648 - AT - Central ExciseCenvat Credit on Inputs - Served from India Scheme (SFIS) - Appellant manufacturers of transformers - Clearances made under Notification No.34/2006-CE - Exempted clearances - Pay amount equal to 10% of the value of the goods under rule 6 - Held that: - It is nobody's case that the functioning of SFIS certificate is different then the functioning of DEPB scheme. In DEPB scheme the exporters are issued DEPB which allow them specific amount to be utilized as customs duty, while the SFIS scheme, the service providers are issued SFIS certificate which allow them to import or procure indigenous goods without payment of duty by debiting the said script. - In view of Universal Power Transfomers Pvt.Ltd. Vs. CCE Bangalore and Tanfac Industries Ltd. v. CCE (2009 - TMI - 33667 - MADRAS HIGH COURT), debits made in SFIS would not amount to exemption from payment of duty.
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