Raj Exports vs National Aluminium Co. Ltd. on 1 March, 1996
Equivalent citations: 1996(87
Under the Duty Exemption Scheme, import of raw materials, intermediates, components, consumables, parts, accessories, mandatory spares (not exceeding 5% of the CIF value
duties incurred on the direct inputs or raw materials and components utilized in the manufacture of export goods, but also of the earlier inputs that ... customs and central excise on basic inputs like raw material, components, intermediates and packing materials used at various stages of production/packing. No relief
Materials" means -
(a) raw materials, components, intermediates, consumables and parts required for manufacture of export product;
Provided that in the case of electronic goods
under the Duty Exemption Scheme, import of raw materials, intermediates, components, consumable, parts, accessories, mandatory spares, etc. required for the product to be exported
Chapter V
Imports
Free
Importability
22. Capital goods, raw materials,
intermediates, components, consumables,
spares, parts, accessories, instruments
and other goods may be imported
without
stimulate sustained economic growth by providing access to essential raw materials, intermediates, components, consumables and capital goods required for augmenting production and providing services
case may be.
Explanation II. - "Raw materials" include components, intermediate
goods, substances, consumables, stores and packing materials
which are utilised in the process
manufacturers, which are of the nature of raw material, component part, sub-assembly part, intermediate part, consumables and packing material which are intended ... follows :
"1 : 0 Historical background :
1 : 1 Most of the intermediates and components required by the manufacturers are scheduled goods and are subjected
Central Excise Rules, 1944, the Central Government hereby exempts the intermediate petroleum products produced in the refineries, falling under Item ... guidance of the trade.
(1) Intermediate petroleum products such as Slop oil, Burner Fuel, Intermediate fuel component Intermediate bitumen, reduced crude, etc., are not liable