THIS IS L J RAJAGOPALAN. I CAME ACCORSS A DIFFERENT SITUATION. ONE OF MY CLIENT IMPORTED SOME
MACHINERIES FROM ABROAD IN 2010-11 AND TRYING TO START PRODUCTION. DUE TO SOME BAD SITUATION HE IS
NOT ABLE TO START PRODUCTION. HE IS FORCED TO WIND UP. TILL DATE HE WAS NOT TAKEN CREDIT OF THE EXCISE DUTY AND SERVICE TAX PAID, AS WELL AS IMPORT DUTY. NOW HE IS IN A SITUATION TO EXPORT THE MACHINERIES (WHICH ALREADY ERECTED AND TAKEN TEST PRODUCTION) TO NEIGHBOUR COUNTRIES.
I HAVE THE FOLLOWING QUESTIONS?
1. WHETHER WE HAVE TO SUBMIT THE RETURN MAY BE REWISED TO CENTRAL EXCISE (ORIGINALLY THE CLIENT SUBMIT NIL RETURNS)?
2. HOW TO ADJUST THE DUTY HE PAID AT THE TIME OF IMPORT?
3. WHAT IS THE FORMALITIES TO EXPORT THE MACHINERIES TO OTHER COUNTRIES.
THANKS.
LAKSHMI ENTERPRISES.
CAclubindia
