Excise duty in SEZ
This query is : Resolved
Ashish Kelkar
(Querist)
22 June 2011
Sir,
if We have our factory located in SEZ location, my understanding is we can take cenvat credit on input goods out of Output goods and later we can take refund of duty paid (on out put duty)..please correct me if I am wrong..
if We have our factory located in SEZ location, my understanding is we can take cenvat credit on input goods out of Output goods and later we can take refund of duty paid (on out put duty)..please correct me if I am wrong..
S.P.Mahanta
(Expert)
24 June 2011
Goods removed to SEZ do not attract Excise Duty,Service Tax, VAT, CST.Export of goods to SEZ treated as deemed Export. Option of refund of duty paid on goods or services available on submission of appropriate documents.
29 June 2011
SEZ Units are entitled for Duty Free Procurement, Hence they are not suppose to pay Excise Duty ( Exempted against Form ARE 1 by supplier).
As their is no excise on inputs there is no question of refund.
In case SEZ unit already paid Excise Duty they can get theoratically , However it is not easy practically. So better not to pay.
All exports including exports from SEZ are free from Excise Duty on outputs.
As their is no excise on inputs there is no question of refund.
In case SEZ unit already paid Excise Duty they can get theoratically , However it is not easy practically. So better not to pay.
All exports including exports from SEZ are free from Excise Duty on outputs.
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Equity Share Sale and Purchase
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
