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HomeIndirect TaxesDuty Demand on 100% EOU for Failure to Achieve Positive NFE Under...

Duty Demand on 100% EOU for Failure to Achieve Positive NFE Under EXIM Policy Must Be Recomputed as Per Exemption Notifications: CESTAT

Indirect Taxes

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By Mariya Paliwala
Duty Demand on 100% EOU for Failure to Achieve Positive NFE Under EXIM Policy Must Be Recomputed as Per Exemption Notifications: CESTAT

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The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Hyderabad Bench, has held that while a 100% Export Oriented Unit (EOU) is liable to pay customs and excise duty for failure to achieve positive Net Foreign Exchange (NFE) under the EXIM Policy, the duty demand must be strictly recomputed in accordance with the mechanism prescribed…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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