paresh (Accountant) (58 Points)
29 December 2009Dear sir,
Our company manufacturing Casting and Removl of gooods under cenvat,our maximum supply to EOU, under bond CT-3 without payment of duty, And we have purchase material under cexcise. So as on date our duty credit is so high. So in this case we have claim for refund against clearnce of CT-3.
Please also give detail for anyother way to refund excise.?
(in case of direct export we get refund)
Thanks
| Originally posted by : B.com | ||
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Dear sir,
Why should required Refund, Your Sale is EOU Unit against CT-3 u not charge any excise duty to party then how should excise-dept sanctioned refund. your available excise credit use for domastic sale |
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Arun Kumar Singh
(GST Advocate)
(15188 Points)
Replied 14 January 2010
The rebate of excise duty paid on exported goods is granted under rule 18. The procedure has been prescribed in Notification No. 19/2004-CE(NT) dated 6-9-2004. Export under claim for rebate should be made under ARE-1 form. Since the goods are being cleared after full payment of duty under invoice, execution of any bond is not necessary.
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 14 January 2010
Since you are sending the goods to EOU by using CT-3, you will not get refund under this procedure. you should export the goods by paying the duty (from CENVAT account) and then claim the refund.
sudheer
(Tr.Accounts)
(72 Points)
Replied 05 May 2011
Sir,
We can able to issue the CT-3 for repaired capx good , is it possiable
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 05 May 2011
CT-3 is bond related procedure, follow the bond details for more clarification and eligibility
Aashish Padol
(EXCISE EXECUTIVE)
(206 Points)
Replied 05 May 2011
| Originally posted by : Prabhat Kumar | ||
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Since you are sending the goods to EOU by using CT-3, you will not get refund under this procedure. you should export the goods by paying the duty (from CENVAT account) and then claim the refund. |
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yes, i agree with prabhatji
CAclubindia
