Input refund claim

Save Share

This query is : Resolved

VIJAY (Querist)

20 August 2013 we want to take input refund claim on Raw material and capital goods on the basis of Export sales so please give us related notification numbers

Arun Kumar Singh

Arun Kumar Singh (Expert)

21 August 2013 any input or input service is used in the manufacture of final product which is cleared for export under bond or letter of undertaking, as the case may be, or used in the intermediate product cleared for export, or used in providing output service which is exported, the CENVAT credit in respect of the input or input service so used shall be allowed to be utilized by the manufacturer or provider of output service towards payment of,
(i)
duty of excise on any final product cleared for home consumption or for export on payment of duty; or
(ii)
service tax on output service,
and where for any reason such adjustment is not possible, the manufacturer or the provider of output service shall be allowed refund of such amount subject to such safeguards, conditions and limitations, as may be specified, by the Central Government, by notification under rule 5 of cenvat credit rules 2004.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now