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Customs - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Refund of terminal excise duty (TED) - international competitive ...


Assessees in international bidding can opt for either exemption or refund for terminal excise duty reliefs.

April 3, 2020

Case Laws     Customs     HC

Refund of terminal excise duty (TED) - international competitive bidding - Deemed Exports - There are several situation were duel reliefs are extended to an assessee, both of an exemption as well as of refund. In a case where both reliefs are available, the option to select the relief of its choice vests with the assessee.

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