Indigenous capital goods
This query is : Resolved
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
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
27 February 2012
you are eligible for refund if supplier provides you disclaimer certificate. subject to non availment of Cenvat credit of CG
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 ?
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 ?
28 February 2012
yes,u r right,
u are advised to before posting query also read the Foreign Trade Policy .
any query,
regards,
u are advised to before posting query also read the Foreign Trade Policy .
any query,
regards,
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 ?
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 ?
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
https://pib.nic.in/archieve/ForeignTradePolicy/ForeignTradePolicy.pdf
https://dgftcom.nic.in/exim/2000/procedures/ftp-hbcontents0910.pdf
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Section 50-fixed asset-->building ceases to exist
- Tds on commission charges
- Regarding Applicability of Tax Audit u/s 44AB
- TDS on TRUST
- Consolidated financials
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- 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
