WHATS LOGIC BEHIND REBATE U/R 18 OF EXCISE RULES?
This query is : Resolved
25 October 2009
RULE 18 OF EXCISE RULES GIVE REBATE OF DUTY PAID ON INPUT OF GOODS EXPORTED MADE OUT OF IT.
NOW IF WE HAVE HIGHER INPUT DUTY WE COULD BE ABLE TO SET OFF AGAINST EXCISE DUTY PAYABLE ON OUTPUT EXPORTED & GET REMAINING REFUNDED.
THEN WHAT'S INTENTION OF LAW TO GIVE REBATE OF INPUT DUTY??
NOW IF WE HAVE HIGHER INPUT DUTY WE COULD BE ABLE TO SET OFF AGAINST EXCISE DUTY PAYABLE ON OUTPUT EXPORTED & GET REMAINING REFUNDED.
THEN WHAT'S INTENTION OF LAW TO GIVE REBATE OF INPUT DUTY??
28 October 2009
The refund of inputs used in manufacture of exported goods needs to have one to one correlation in practice.
When the accumulated credit is utilised for payment of ED on exports this probalem is obviated + the amount of credit utilised wouldbe normally much higher than the allocable credits for that export.
When the accumulated credit is utilised for payment of ED on exports this probalem is obviated + the amount of credit utilised wouldbe normally much higher than the allocable credits for that export.
29 October 2009
thanks for reply
however i have found other logics also:
1.It is available to persons producing non excisable goods
2. for persons whose process does not amount to manufacture also can get credit of it.
however i have found other logics also:
1.It is available to persons producing non excisable goods
2. for persons whose process does not amount to manufacture also can get credit of it.
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