Import Rejection
This query is : Resolved
03 July 2009
Company is a manufacturer.Import a goods from group Companies.If we reject the import material due to quality issue.
My quary is as under.
Co had taken a cenvat credit on CVD part on same good which they rexport as a rejction.Can they have to revese the CVD part from RG 23 Part II.??
Non modvatable customduty part can they apply with custom for refund on which they have not taken the credit.??
OR they will have to revese the CVD part as reverse in RG 23 Part II and then we claim for full custom duty refund.??
Can any body reply.
My quary is as under.
Co had taken a cenvat credit on CVD part on same good which they rexport as a rejction.Can they have to revese the CVD part from RG 23 Part II.??
Non modvatable customduty part can they apply with custom for refund on which they have not taken the credit.??
OR they will have to revese the CVD part as reverse in RG 23 Part II and then we claim for full custom duty refund.??
Can any body reply.
05 July 2009
Since the material has been rejected and is to be returned the question of availing the credit does not arise.
You should reverse the credit and claim the entire duty back. Depending on time only part maybe available as refund.
You should reverse the credit and claim the entire duty back. Depending on time only part maybe available as refund.
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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Correction in TDS return New Traces Portal
- TDS refund Indemnity Bond
- Short Term Gain Reporting ITR
- U/S 194 T
- 44AD, 44ADA business details
- Computation of Dividend
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
