Excise Duty not Payable on Manufacturing Goods Produced in SEZ Unit: CESTAT rules in Favour of Reliance Industries

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled in favor of Reliance Industries, stating that excise duty is not payable on goods manufactured in a Special Economic Zone (SEZ) unit. The tribunal clarified that SEZ units are exempt from excise duty under the Special Economic Zones Act.