Hi
We are in a business of importing branded apparel and accessories and retailing it through retail stores in India. In the process we end up with significant volume of unsold products.
Need clarification that if we want to return such unsold goods to the original vendor,
1.can we claim duty refund under customs act.
2. If yes, will such refund be refund of duty or can it also be interpreted as export and hence drawback of duty.
3.What is the timeline to obtain such duty refund. Is it a structured process or there is major element of satisfaction of authorities.
Request views from experts who have been dealing with such imports/ returns
HELLO SIR,
I(SUPPLIER) WANT TO SALE TO EXPORTERS IN AGAINST FORM E (UP VAT). IN REGARDING THIS I HAVE FOLLOWING QUERIES
1. CAN WE SALE MORE THAN RS.5 LAC AGAINST A FORM "E"/ AN INVOICE
2.CAN WE NOT CLAIM ITC ON ENTIRE SALE OR ONLY PART OF TOTAL SALES AGAINST FORM E
3.WILL THIS SALE BE TREATED AS DOMESTIC SALE OR EXPORT SALE IN REGARDS EXCISE DEPARTMENT, DUE TO WE CLAIM DUTY DRAW BACK ON EXCISE ON EXPORT SALES.
PLEASE SIR SOLVE MY QUERY AS SOON AS POSSIBLE , THANKS IN ADVANCE
HOWEVER I HAVE DISCUSSED WITH OUR ADVOCATE BUT HE IS NOT ABLE TO SOLVE........ PLEASE HELP.
Hello Friends
Greetings for the day.
Can a first stage dealer issue invoice inclusive of excise duty if the purchaser cannot take cenvat??(Purchaser is exempt from excise duty so he cannot take cenvat credit)
Thanks
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Return of unsold imported goods and refund of duty