WHATS LOGIC BEHIND REBATE U/R 18 OF EXCISE RULES?

Save Share

This query is : Resolved

CAKINGOFKINGS (Querist)

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??

Madhukar N Hiregange

Madhukar N Hiregange (Expert)

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.

CAKINGOFKINGS

CAKINGOFKINGS (Querist)

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now