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Difference

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06 June 2014 difference between refund ,remission and rebate
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
06 June 2014 Basic distinction between refund and rebate is that in case of refund, the amount is returned to the person who had paid it, while in case of rebate, the amount may be returned to some one else too. Remission mean department can remit the excise duty in some cases like fire of good.
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