Sintex Storage Tanks - Capital goods - Exemption thereof - Regarding - Central Excise - 29/89

Sintex Storage Tanks - Capital goods - Exemption thereof - Regarding Circular No. 29/89 Dated 26-7-1989 [From F. No. 267/12/89-CX.8] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise Customs, New Delhi Subject : Sintex Storage Tanks - Capital goods - Exemption thereof - Regarding. Doubts have been raised as to whether Sintex Storage Tanks procured from DTA by a unit in a free trade zone or 100% EOU engaged in manufacture of latex foam for storage of water required in the process, would be eligible for exemptions under the notifications applicable to free trade zones and 100% EOU or not. The matter has been examined in consultation with the Ministry of Industry. Ministry of Industry has informed that sintex storage tanks used for storage of water required for manufacturing process are considered as capital goods item. It has therefore been decided that sintex storage tanks procured from DTA for aforesaid purpose would be eligible for exemption under relevant notifications relating to free trade zones and 100% EOU as capital goods items. The above instructions may be brought to the notice of field formations.