Menu
Refund calculation under inverted duty structure
Tax payer importing fertiliser (taxed @ 5%) and made branch transfer to out of state by packing it in packing material(taxed @ 18%). Final product that is fertliser packed in packing material is taxed at 5%. In this scenario, whether the tax payer can be eligible for refund under inverted duty structure. If eligible what is procedure for calculation for exact refund.
Replies (1)
No refund can be paid on imported goods and BCD IS PAID ON SUCH GOODS
you can claim refund of inputs that are use to make final product i.e.18%
formula is given in rule 89
you can claim refund of inputs that are use to make final product i.e.18%
formula is given in rule 89
Recent Topics :
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
Related Topics :
CAclubindia
