Hello All,
Can anyone guide me on Customs special additional duty or CVD (4%). I have read in a article that a trader who imports goods can get refund of Special additional duty/cvd. I am a trader and i am importing agri products, so will i be eligible to get the refund ? and where shall i apply to get the refund and when it will remit to my account.
Please share ur inputs & experiences.
Thanks
HI EVERYBODY!
PLEASE NOTE IF YOU ARE TRADER THEN YOU ARE ELIGIBLE TO FILE THE
REFUND CLAIM FOR SAD (CVD 4%) WHICH YOU HAVE PAID ON YOUR
IMPORTED GOODS. THE CONDITIONS ARE AS BELOW:
1. YOU HAVE TO SELL THE PRODUCT IN LOCAL MARKET AS IT IS
IMPORTED.
2. IF YOU SOLD LESS QUANTITY OF GOODS THAN YOU HAVE IMPORTED
THEN YOU WILL GET THE REFUND ON PRO-RATA BASIS.
3. THE TIME LIMIT FOR FILING THE CLAIM IS 1 YEAR FROM THE DATE OF
PAYMENT OF DUTY.
4. YOU HAVE TO FILE THE CLAIM AT THE PORT WHERE YOU HAVE
IMPORTED THE GOODS.
5. YOU CAN GET THE REFUND WITH IN 30-45 DAYS FROM THE FILING OF
THE REFUND CLAIM.
6. APPLICATION SHOULD BE DONE IN PRESCRIBED FORMAT. SOME
ANNEXURES TO BE SIGNED BY CHARTERED ACCOUNTANT.
WE ARE CONSULTANTS FOR 4% SAD REFUND CLAIMS WORKS AT
MUMBAI, JNPT, AIR CARGO MUMBAI AND MULUND CUSTOMS. FOR
REFUND CLAIMS APPLICATIONS PLEASE CONTACT:
SIDDHI CLEARING AGENCY
402, ORIENTAL HOUSE,
229/231, SAMUEL STREET,
MASJID BUNDER (WEST),
MUMBAI- 400 003.
TEL: 022-66315542/66318136
FAX: 022- 40235098
email: siddhiclearing @ gmail.com
Mob: 91-9322811573
Thank you for the information....
:)
CAclubindia
