TMI BlogEOUs/ EPZ Units - Excise Duty Exemption of Goods for Granite QuarriesX X X X Extracts X X X X X X X X Extracts X X X X ..... reby exempts excisable goods specified in the Table below (hereinafter referred to as the said goods), when brought for use in a granite quarry for the purpose of quarrying of granite (hereinafter referred to as the said purpose), by hundred percent export oriented units approved by the Board of Approvals for hundred percent export oriented units, appointed by a notification of Government of India in the Ministry of Industry (Department of Industrial Policy and Promotion), or the Development Commissioner concerned, as the case may be, (hereinafter referred to as the said EOU Board) or by units within an Export Processing Zone or a Free Trade Zone specified in Annexure-I to this notification (hereinafter referred to as the Zone), approved by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; (b) to fulfill the export obligation and Net Foreign Exchange Earning as a Percentage of Export and comply with conditions stipulated in this notification and the Export and Import Policy; (c) to pay on demand an amount equal to the duty as leviable on the goods and interest at the rate of 1 [fifteen per cent.] per annum on the said duty from the date of duty free procurement of the said goods till the date of payment of such duty, if- (i) in the case of capital goods, such goods are not proved to the satisfaction of the Assistant Commissioner of Customs or Central Excise or Deputy Commissioner of Customs or Central Excise to have been installed or otherwise used within a period of one year from the date of procurement thereof or w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ievement of Net Foreign Exchange Earnings as a percentage of Export (NFEP) or Export Performance (EP) for further period not exceeding five years from the date of procurement. (5) The unit maintains a proper account of receipt, consumption and utilisation of the said goods and of granite so quarried and transferred to his processing unit or to any other export oriented unit or units in the Zone, and shall submit such accounts periodically to the Development Commissioner of the zone and to the Assistant Commissioner of Customs or Central Excise or Deputy Commissioner of Customs or Central Excise, in such form and in such manner as may be laid down by the Development Commissioner. 2 [(6) the manufacturer of the said goods follows the pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... destroyed in the presence of the Customs or Central Excise Officer. (10) The said goods shall not be transferred or shifted to any other site of quarry owned or taken on lease by the unit without permission of the Assistant Commissioner of Customs or Central Excise or Deputy Commissioner of Customs or Central Excise. (11) The accounts of the said goods used at the quarrying site shall be kept in the site in a properly constructed office to enable the verification of the same as and when required. (12) The goods so quarried shall be removed from the quarry site only for supply to unit's own processing unit in the Zone or Export-Oriented Unit or for supply to an other hundred percent Export-Oriented Unit or the units in the Zone engaged in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... otification, "Export and Import Policy" means the Export and Import Policy, 2002-2007, published by the Government of India in the Ministry of Commerce and Industry vide notification No. 1/2002-07, dated the 31st March, 2007, as amended from time to time,] TABLE 1. Hydraulic Excavators 2. Pneumatic Compressors 3. Jack Hammers 4. Hydraulic Drilling Machines 5. Line Drillers 6. Front End Loaders 7. Pneumatic Grinders 8. Diamond Wire Saws 9. Dressing Machine 10. Core Drilling Machine 11. Jet Burners 12. Cranes 13. Derricks 14. Tippers and Dumpers 15. Welding Machine 16. Generating sets 17. Steel Chains and Steel Ropes 18. D-Shackles 19. Diamond Wires 20. Diamond Segments 21. Tungsten Carbon Drill Rods 22. Steel Feathers Wedges 23. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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