in case we pay cvd 3(5) at the time of purchase of imported raw material and at the time of sale of this material if cst is charged on this product. Can we get the refund of the Cvd paid earlier
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Cvd 3(5)
Replies (2)
kindly Noted that:
Refund of the four per cent additional duty is available if you resell the imported goods on payment of value added tax or Central sales tax, and not if you use the imported goods in your process.
further info read:
/experts/sad-refund-rule-739870.asp#.UO5k7qyNmX0
https://bangalorecustoms.gov.in/PN_05_2011.htm
there is a new notification.
now importer have a option not to pay CVD3(5)at the time of importation, if he disclosed some document to custom deptt
IE. vat registration
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