V.Marimuthu (Finance Excecutive-Indirect Taxation) (376 Points)
20 May 2016
neha agrawal
(0)
(58 Points)
Replied 22 May 2016
Yes X ltd can claim the refund of excise duty paid on input & input services as per Rule 5 of cenvat credit rules, 2004. The refund application will be filled online.
The time limit for filing refund application is 1 year from the date on which goods has been loaded in ship or vessel , leaves india. That the same has been specifies in sec 11B of the Act.
The w
jogendra
(DGM-Commercial)
(331 Points)
Replied 30 May 2016
X Ltd., cannnot file refund claim instead duty free goods can be procured without payment of duty from X LTD. by trading unit. in that case no need to file refund.
neha agrawal
(0)
(58 Points)
Replied 01 July 2016
X ltd can file the refund under Rule 19 of cenvat excise rules & Rule 5 of cenvat credit rules.
But for this X ltd will have to reverse the proportionate cenvat credit (if any) availed on goods exported, before filing a refund application.
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