Drawback - rebate
This query is : Open
23 October 2013
I am manufacturer of Exempted as well as Dutiable goods and I have taken central excise registration. I purchased the raw material locally and than manufacture the final product and export the goods. My queries are,
1) Can I claim drawback on my exempted as well as dutiable final product.
2) Is it necessary to use imported raw material in my final product to claim drawback. And if I am not using imported R.Material can I claim excise portion in drawback
3) For my exempted goods. Which option is good 1) drawback or 2) input stage rebate under rule 18.
1) Can I claim drawback on my exempted as well as dutiable final product.
2) Is it necessary to use imported raw material in my final product to claim drawback. And if I am not using imported R.Material can I claim excise portion in drawback
3) For my exempted goods. Which option is good 1) drawback or 2) input stage rebate under rule 18.
23 October 2013
The benefit of input stage rebate cannot be claimed in any of the following situations:
(i) where the finished goods are exported under Claim for Duty Drawback.
(ii) where the finished goods are exported in discharge of export obligations under a Value Advance Licence or a Quantity Based Advance Licence issued before 31.03.95.
(iii) where facility of input stage credit is availed under CENVAT Credit Rules, 2001.
(iv) The market price of the goods is less than the rebate amount.
(v) The amount of rebate admissible is less then Rs. 500/-
https://www.eximguru.com/exim/central-excise/central-excise-manual/export-under-claim-for-rebate.aspx
(i) where the finished goods are exported under Claim for Duty Drawback.
(ii) where the finished goods are exported in discharge of export obligations under a Value Advance Licence or a Quantity Based Advance Licence issued before 31.03.95.
(iii) where facility of input stage credit is availed under CENVAT Credit Rules, 2001.
(iv) The market price of the goods is less than the rebate amount.
(v) The amount of rebate admissible is less then Rs. 500/-
https://www.eximguru.com/exim/central-excise/central-excise-manual/export-under-claim-for-rebate.aspx
25 October 2013
thanks sir for your reply but.. sir my quiry is still not resolved.
I have not claiming any CENVAT or Input stage rebate.. up till now.. so can i claim drawback if i am not using imported rawmaterial at all in my final product.
because i have read somewhere that imported material must be used to claim drawback
I have not claiming any CENVAT or Input stage rebate.. up till now.. so can i claim drawback if i am not using imported rawmaterial at all in my final product.
because i have read somewhere that imported material must be used to claim drawback
25 October 2013
thanks sir for your reply but.. sir my quiry is still not resolved.
I have not claiming any CENVAT or Input stage rebate.. up till now.. so can i claim drawback if i am not using imported rawmaterial at all in my final product.
because i have read somewhere that imported material must be used to claim drawback
I have not claiming any CENVAT or Input stage rebate.. up till now.. so can i claim drawback if i am not using imported rawmaterial at all in my final product.
because i have read somewhere that imported material must be used to claim drawback
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- EPF FULL & FINAL RULES IN 2026
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Rental income gst and it purpose
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- Fixe term employment
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
