Sad refund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 February 2015
A Partnership firm manufactruing goods & having Excise manufacturing Number. that firm import Raw Material & Not claim SAD as refund because a manufacturer.
His excise consultant given advice him & taken a excise trading Number on different location in same state & import raw Material.Import Raw Material transfered on invoice to maufacturing division . TIN under vat is same. Firm maufacturing goods & paid vat/cst while sold goods.
Now he want SAD Refund
1) Can he claim Refund under custom Act notification no. 102/2007.
2) Can he issue invoice in same state while transfer goods ( Delhi Vat) from trading division to Maufacturing division
TIN is same.
Advice me.
His excise consultant given advice him & taken a excise trading Number on different location in same state & import raw Material.Import Raw Material transfered on invoice to maufacturing division . TIN under vat is same. Firm maufacturing goods & paid vat/cst while sold goods.
Now he want SAD Refund
1) Can he claim Refund under custom Act notification no. 102/2007.
2) Can he issue invoice in same state while transfer goods ( Delhi Vat) from trading division to Maufacturing division
TIN is same.
Advice me.
14 February 2015
Refund is available only to the importers who sell the imported goods after paying VAT because 4% SAD is charged in lieu of VAT.
Kindly Noted that:
Admissibility is availability if importer Produce Original VAT/CST deposited certificate issued by the VAT Department.
Kindly Noted that:
Admissibility is availability if importer Produce Original VAT/CST deposited certificate issued by the VAT Department.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- ITDS U/S.194T of Firm
- CREDIT NOTES WITHOUT GST
- GST not cancelled by tenant
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- FORM 141 SDV query
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
