Special Additional Duty
This query is : Resolved
05 December 2008
we import raw material and pay SAD.
This RM is used for the production of a final product on which VAT is applicable.
Now whether teh SAD paid on import of RM can be set off against my VAT liability and if yes can u also provide the circular no?
This RM is used for the production of a final product on which VAT is applicable.
Now whether teh SAD paid on import of RM can be set off against my VAT liability and if yes can u also provide the circular no?
18 December 2008
it can't be setoff.
however if goods are solg again as it is, then SAD is refundable, if vat is paid.
however if goods are solg again as it is, then SAD is refundable, if vat is paid.
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