Indigenous capital goods

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This query is : Resolved

Mandeep Kumar (Querist)

24 February 2012 IF WE ARE SOURCING THE CAPITAL GOODS FROM THE DOMESTIC MARKET UNDER THE EPCG SCHEME AND NOT AVAIL THE CENVAT CREDIT ON THAT CAPITAL GOODS, THEN CAN WE TAKE THE REFUND OF EXCISE DUTY WHICH IS CHARGED BY INDIAN SUPPLIER ON THE CAPITAL GOODS AT THE TIME OF REMOVAL IF....

THE SUPPLIER IS AVAILING THE BENEFIT OF CENVAT CREDIT ON THE INPUTS

THE SUPPLIER IS TAKING THE BENEFIT OF REFUND OF EXCISE DUTY WHICH IS CHARGED BY HIM ON THE CAPITAL GOODS AT THE TIME OF REMOVAL OF CAPITAL GOODS TO EPCG HOLDER UNDER THE DEEMED EXPORT

NILESHKUMAR

NILESHKUMAR (Expert)

27 February 2012 you are eligible for refund if supplier provides you disclaimer certificate. subject to non availment of Cenvat credit of CG

Mandeep Kumar

Mandeep Kumar (Querist)

27 February 2012 Thank you Sir

Your means that the supplier will mention in his disclaimer cerificate that the buyer is not taking the cenvat credit on capital goods so that buyer could take refund of excise duty ?

am i right regarding this ?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

28 February 2012 yes,u r right,
u are advised to before posting query also read the Foreign Trade Policy .

any query,

regards,

Mandeep Kumar

Mandeep Kumar (Querist)

29 February 2012 ok sir

Please tell me under which part of ftp regarding the refund of excise duty is mentioned in the ftp. and please also provide the procedure of taking advance release order (ARO) from dgft for the indigenous capital goods and for this we should do apply under which application form ?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

29 February 2012 Read carefully before posting any query link are :

https://pib.nic.in/archieve/ForeignTradePolicy/ForeignTradePolicy.pdf

https://dgftcom.nic.in/exim/2000/procedures/ftp-hbcontents0910.pdf

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