Excise Duty Refund Against Exports

2577 views 2 replies

Manikkam

Partner

24 Points Joined September 2010

Dear all,

I'm running a Trading Company in Chennai dealing in supply of Electrical and Electronics component to the Foreign Companies located in Sudan.

I have IEC, VAT & CST registration for the same.

I'll purchase materials inter state as well as intra state. Certain materials has been purchased from Bangalore (Inter State)

for which I paid the input tax ( CED + CST => 8% + 2% => 10% ) to supplier alongwith material cost. Certain materials

has been purchased from Chennai (Intra State) for which I paid the input tax ( CED + VAT => 8% + 12.5% / 4% => 20.5% /12% ).

I will sell the goods at a profit margin @ 30%. Out of my profit margin, in the worst case I've to pay input tax @ 20.5%.

My query is, what procedure should I follow in order to claim my input tax as refund. Whether any registration or forms to be filed for the same in order to claim the input tax as refund, where i have exported the goods.

Please also note i have not claimed any Duty Draw Back or DEPB, where they say i am not eligible.

Please inform how i have claim the Excise Duty which i have paid is now exceed more than one lac for my exports.

Manikkam

Replies (2)

Murthy B.C

Excise Officer

141 Points Joined June 2010

Hello Dear

You are not eligable for Input Cenvat Credit Because u r not Registed wth Excise Department .

U S Sharma

glidor@gmail.com

21068 Points Joined January 2010

1) for your Excise contents ,

a) get B1 Bond from meritime or the commissionarate of manufacturer, execute CT1/ARE1

It will set off your duty liability at manufactuing point , and they will not charge you any excise.

b) Get ARE1 endorsed by excise officer at the time of clearence from factory with duty details,/ get it endoresed from customs port / file claim under sec 19 to get refund on strength of ARE1

2) you dont have to pay any CST or TNGST for goods u purchase for export exclusively, for Central u have to issue form H and for tnvat , get in touch with ur vat office, perhaps its form 12 to be issued to local dealer.