Refund of Additional custom duty
This query is : Resolved
07 May 2008
Sir,
I have read the circular. I have a querry.
After filling the refund application whether custom is going to refund this duty by cheque or we have to claim modvat.
And if someone has already claim modvat then how this duty will be refunded?
I have read the circular. I have a querry.
After filling the refund application whether custom is going to refund this duty by cheque or we have to claim modvat.
And if someone has already claim modvat then how this duty will be refunded?
10 May 2008
Goods directly imported by the Manufacturer :CENVAT Credit allowed
Goods directly imported by the Trader: Refund claim
Goods directly imported by the Trader and subsequently sold to the Manufacturer:
“Provided that the credit of additional duty of customs levied under sub-section (5) of section 3 of the Customs Tariff Act, 1975 (51 of 1975) shall not be allowed if the invoice or the supplementary invoice, as the case may be, bears an indication to the effect that no credit of the said additional duty shall be admissible; ”
Goods directly imported by the Trader: Refund claim
Goods directly imported by the Trader and subsequently sold to the Manufacturer:
“Provided that the credit of additional duty of customs levied under sub-section (5) of section 3 of the Customs Tariff Act, 1975 (51 of 1975) shall not be allowed if the invoice or the supplementary invoice, as the case may be, bears an indication to the effect that no credit of the said additional duty shall be admissible; ”
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