Rebate of rejected imported reexported goods
This query is : Resolved
15 October 2013
Dear sir,
we are manufacturer had imported polyester film from our overseas supplier,
during the F.Y. we imported said commodity paid all custom import duties at applicable rate. accordingly we availed CVD, Cess on CVD and Special Additional duty.
on receipt of import goods, some of qty rejected by our Quality control dept. overseas supplier had also agreed to get all these rejected lot. on which we re exported entire rejected lot u/ r Custom sec.74 .
we re-exported rej.Qty u/r Cover of ARE-1 as input as such Clearance on debit of duties ( CVD.CVD Cess and 4% addl duty) in credit account.
we submitted Rebate claim Application with Deputy commissioner Central Excise , Central Excise dept. had sactioned Rebate and issued Cheque to us, after one month excise dept objected and issued demand notice to pay back rebate amount alongwith interest as they stated that this is an erroneous claim and goods re-exported are not excisable .
we do wish your valuable guidance whether we have to return back rebate amount alongwith interest . if we have to pay back to excise dept . then from whom debited duty will be get back.
regds
vinay Karnik
Ahmedabad
we are manufacturer had imported polyester film from our overseas supplier,
during the F.Y. we imported said commodity paid all custom import duties at applicable rate. accordingly we availed CVD, Cess on CVD and Special Additional duty.
on receipt of import goods, some of qty rejected by our Quality control dept. overseas supplier had also agreed to get all these rejected lot. on which we re exported entire rejected lot u/ r Custom sec.74 .
we re-exported rej.Qty u/r Cover of ARE-1 as input as such Clearance on debit of duties ( CVD.CVD Cess and 4% addl duty) in credit account.
we submitted Rebate claim Application with Deputy commissioner Central Excise , Central Excise dept. had sactioned Rebate and issued Cheque to us, after one month excise dept objected and issued demand notice to pay back rebate amount alongwith interest as they stated that this is an erroneous claim and goods re-exported are not excisable .
we do wish your valuable guidance whether we have to return back rebate amount alongwith interest . if we have to pay back to excise dept . then from whom debited duty will be get back.
regds
vinay Karnik
Ahmedabad
Arun Kumar Singh
(Expert)
17 October 2013
You should consult with any professional. After the supply SCN any body can give you proper reply.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Tax on Amount transferred in HUF Account
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- 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
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
