Whether duty is payable?
This query is : Resolved
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!
Please suggest in this case!
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.
02. When you have paid CVD, you must get credit for the same.
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