Hello,
I've paid 4% Counter Veiling Duty(CVD) while importing goods from China which I've later sold in India. I'm a dealer. Please let me know the procedure to obtain refund(or set-off) for the same.
yashsr (CA) (2285 Points)
13 July 2012Hello,
I've paid 4% Counter Veiling Duty(CVD) while importing goods from China which I've later sold in India. I'm a dealer. Please let me know the procedure to obtain refund(or set-off) for the same.
narayan
(manager finance)
(45 Points)
Replied 02 July 2014
Under customs notification 102/2007, SAD @ 4% paid on imports can be claimed refund within 1 year of filling of B/E only if that is not passed on to the buyer subsequently.
requirements:
1. bill of entry copy (original)
2. sales invoices mentioning that there is no cenvat credit passed on to the buyer or not availed credit
3. working corelating to each B/E items with the selling invoices.
4. duty challan's paid of customs duty and VAT challans
5. certificate from Auditor/chartered Accountant certifyng the correctness of the above
6. fill the refund clcim form along with all the above documents and bank details
submit within one year with the customs.
Regards,
Narayan Sahu
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