Refund of Import Duty
This query is : Resolved
26 February 2009
If any provision of Refund of Custom Duty Against local sale.
Client says that if he sells Local sales & sumbit bills to custom dept 4% duty will be refunded.
if any provision relating to this please tell those provision.
Is this duty draw back or cash assistance
Urgent
Client says that if he sells Local sales & sumbit bills to custom dept 4% duty will be refunded.
if any provision relating to this please tell those provision.
Is this duty draw back or cash assistance
Urgent
27 February 2009
This is refund of special additional duty (SAD).
Actually SAD is levied in leiu of VAT suffered by indigeneous goods. Thus when VAT is paid on iported goods, there is refund of SAD.
If the imported goods are used in manufacturing, SAD is available as cenvat credit.
Actually SAD is levied in leiu of VAT suffered by indigeneous goods. Thus when VAT is paid on iported goods, there is refund of SAD.
If the imported goods are used in manufacturing, SAD is available as cenvat credit.
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