Set OFf of VAT

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Prafulla Bhat

Prafulla Bhat (Querist)
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25 July 2010 Whether is it possible to get set off of VAT paid on Imported Material

NILESH MANDOLE, MBA (Fin),CS

NILESH MANDOLE, MBA (Fin),CS (Expert)
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26 July 2010 Yes you can get VAT setoff against your additional duty

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Nitin

Nitin (Expert)
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26 July 2010 You have to first pay the the VAT ,the SAD paid can be taken as refund from the customs for which there are certain requirement which have to be completed(For detail you can check circular issued by CBEC in this regard)

NILESH MANDOLE, MBA (Fin),CS

NILESH MANDOLE, MBA (Fin),CS (Expert)
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26 July 2010

Kindly go through

Procedure for refund of 4% Additional Duty of Customs in

pursuance of Notification No.102/2007-Customs dated 14.9.2007 – Reg.