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TMI BlogArea based exemptions - Changes in refund schemeX X X X Extracts X X X X X X X X Extracts X X X X ..... As you are aware, area based exemptions from central excise duty operating as refund scheme are currently in operation under various notifications as follows : (a) for North Eastern States under Notification No. 32/99-C.E. and 33/99-C.E. both dated 8-7-1999 and under Notification No. 20/2007-C.E., dated 25-4-2007; (b) for Kutch district of Gujarat under Notification No. 39/2001-C.E., dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... incentives to the value addition undertaken by the unit. The underlying objective of these exemptions is to incentivize genuine value addition in these backward areas. In order to achieve this in a more effective manner some changes/amendments have been carried out in these exemptions. These have been incorporated in Notification No. 16/2008-C.E. to 23/2008-C.E. all dated 27-3-2008. 3. The sali ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... acturing cosmetics, classifiable under Chapter 33 works out to be Rs. 100 and the applicable rate of value addition is 56% (S. No. 3 of the Table), the amount of refund due to him would be Rs. 56 (100 x 56%). The notification provides, however, that in case the actual duty paid by the unit in cash or through PLA during that month is less than the amount calculated in the aforesaid manner, the refu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n and special rate) in the notifications. The information pertaining to these is required to be taken from the financial records/statements of the assessee for the preceding financial year. For the ease of computation, it has been prescribed that the assessee would furnish a certificate from his statutory auditor containing a computation of the actual value addition, alongwith his application for ..... X X X X Extracts X X X X X X X X Extracts X X X X
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