Additional duty

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 December 2012 We Imports Goods,
BoE Format Like:-

Value of Goods 100
+Custom Duty
+3(1) Excise Duty
+ 3(5) VAT Addn Duty

Is There any VAT Also Chargeable.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

15 December 2012 in case of import no vat applicable .

Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2013 But Can Importer - Registered as Excise Dealer Can Claim Credit of Additional Duty paid @4% on Output VAT Amount.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

14 February 2013 In terms of condition 2 (b) of the Notification No.102/2007-Customs, the importer who wishes to avail the refund of 4% CVD, is also required to make a specific declaration in the sale invoice that no Cenvat credit would be admissible in respect of 4% CVD. This ensures that there is no double benefit on account of refund to the importer and Cenvat Credit to the purchaser. Hence, the request for dispensation of such declaration by certain importers who are not registered with Central Excise authorities and to allow 4% CVD refund to these importers on the basis of their status of registration with Central Excise, as non-registered dealer is not found to be acceptable.

MUST READ:

https://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k7/cs102-2k7.htm

Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2013 Dear Ramesh ji,

Pls read My Query, Is There any Nexus Between Your answer and My Query ??

Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2013 My Query is:-

Can Importer as a Excise Dealer Can Pass on SAD to Manufacturer (Like CVD Passed), and Claim the Credit of SAD Against the same.

and Tell me About Manufacturer , Can Mfrer Claim Credit After That of 4% SAD.
By Showing What Name.

Querist : Anonymous

Querist : Anonymous (Querist)

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

06 March 2013 If you are a dealer registered under the Central Excise law, then you can issue a cenvatable invoice and the manufacturer can take credit against your invoice. Kindly refer to Rule 9 of Cenvat Credit Rules, 2004. The manufacturer can take 50 per cent of the CVD paid and 100 per cent of the SAD paid in the first year and the remaining 50 per cent CVD in any subsequent year

FOR MORE INFO:

https://www.caclubindia.com/experts/sad-refund-rule-739870.asp#.UTb3RTf7crc

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