Whether duty is payable?

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surender sah (Querist)
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07 February 2013 Registered co. imports watches by paying CVD @12.5% and after re-tagging for prices sells to its dealer. Now while applied for excise registration, dept. claims excise on the all the goods since starting of the business, is it tenable? Whether the CVD paid can be refunded in this case? And how to dead in this case............................Thanks!
Please suggest in this case!

Amol S Joglekar

Amol S Joglekar (Expert)
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07 February 2013 01. Find out the LIMIT for excise. The basic exemption must be granted by the department.
02. When you have paid CVD, you must get credit for the same.

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