To levy excise duty following four conditions must be satisfied:
-- (a) There must be a manufacture
-- (b) Manufacture must be in ‘India
-- (c) Manufacture must result in Goods
-- (d) The resultant goods must be ‘Excisable Goods’.
Excise duty is levied upon manufacture or production of goods in India. Therefore the taxable event for levy of excise duty is manufacture or production of goods.
No Excise duty shall be levied on excisable goods produced or manufactured in SEZ.