Re cvd
This query is : Resolved
Er. jayendra Mokana
(Querist)
08 September 2013
Dear Sir,
If i import a testing device for resale in india. can i get a 4% CVD benifits if a exporter paste a MRP tag on device in INR.
If i import a testing device for resale in india. can i get a 4% CVD benifits if a exporter paste a MRP tag on device in INR.
RAMESH KUMAR VERMA
(Expert)
09 September 2013
https://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k7/cs102-2k7.htm
Rama Krishnan
(Expert)
10 September 2013
DEAR JYENDRA,
1. SAD EXEMPTION 4% APPLICABLE ONLY WHEN THE GOODS IMPORTED ARE FOR RETAIL SALE & UNDER LMPC RULE IT IS REQUIRED TO DECLARE MRP
2. SAD REFUND CAN BE AVAILED, IF THE GOODS IMPORTED IS SOLD AS IT IS ON PAYMENT OF APPLICABLE SALES TAX.
MACHINERY IS NOT AN ITEM WHICH ARE SOLD IN RETAIL, SO YOU CANNOT AVAIL UPFRONT SAD EXEMPTION, BUT YOU CAN AVAIL SAD REFUND POST SALE OF GOOD WITH APPLICABLE SALES TAX
1. SAD EXEMPTION 4% APPLICABLE ONLY WHEN THE GOODS IMPORTED ARE FOR RETAIL SALE & UNDER LMPC RULE IT IS REQUIRED TO DECLARE MRP
2. SAD REFUND CAN BE AVAILED, IF THE GOODS IMPORTED IS SOLD AS IT IS ON PAYMENT OF APPLICABLE SALES TAX.
MACHINERY IS NOT AN ITEM WHICH ARE SOLD IN RETAIL, SO YOU CANNOT AVAIL UPFRONT SAD EXEMPTION, BUT YOU CAN AVAIL SAD REFUND POST SALE OF GOOD WITH APPLICABLE SALES TAX
RAMESH KUMAR VERMA
(Expert)
10 September 2013
the link also provided by me say .
agreed with expert.
agreed with expert.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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
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
