A manufacturer imports raw materials and had paid SAD on it.
he is taking refund on raw material directly sold without making any value addition to them.
Can he take refund or credit (against vat) on finished goods in which these raw material is used, just like one gets input tax credit. ???
yes as per custom valuation rules a manufacturer can get refund of sad eventhough he dont make any additions to the imported goods
ya thats fine.
but i am asking wheather he can take SAD refund or credit(against vat) even after the imported raw material are being converted into finished goods instead of selling it directly ????
Karia Overseas
Ahmedabad
CA
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CAclubindia
