Hello.
Exemption under Noti.No.6/2006, not claimed at the time of removal of goods from the factory. Lateron claimed by way of refund.
When an amount equal to 10 % of Sale price to be reversed under Rule 6(3)(b) ? At the time of filing of refund claim or on sanction of refund claim ?
An amount equal to 10 % of sale price is payable on removal of goods from the fasctory. In case, exemption is claimed by way of filing a refund claim, that is to say after removal of the goods from the factory, manufacturer is still required to pay an amount equal to 10 % of sale price, under Rule 6(3)(b) ?
CAclubindia
