Refund of basic duty
This query is : Resolved
12 September 2015
Dear Sir,
Please inform shall we refund Basic Duty for excess duty paid 5% instead of 10%.
Regards,
Zalak Chauhan
Please inform shall we refund Basic Duty for excess duty paid 5% instead of 10%.
Regards,
Zalak Chauhan
12 September 2015
the basic theme of the refund as provided under section 11B of the Act is to help a genuine assessee in getting the excess duty paid or to exercise as right given to him under law. As rightly held in numerous judicial pronouncement refund is applicable only when duty of incidence has not been passed.
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