rule 18 calculation
Querist : Anonymous
Rs. 100 + ex duty Rs. 10.30 = Rs. 110.30
Now, after manufacturing process, the excisable product is exported as under:
say for Rs. 500
Querry:
1) Whether i can get refund of Rs. 10.30 paid on inputs under rule 18
2) Whether i have to first pay 10.30% on Rs. 500 which comes to Rs. 51.50 thru challan and then claim refund of Rs. 51.50 under rule 18
Pl. let me know whether i have understood correctly?
Querist : Anonymous
Am i correct?
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