If we import paper and pay all customs duties, and convert paper into Copies and sell the copies in domestic market, are we eligible for SAD refund by paying CST/VAT on copies ?
If we import paper and pay all customs duties, and convert paper into Copies and sell the copies in domestic market, are we eligible for SAD refund by paying CST/VAT on copies ?
It is generally understood that You sell as it is what You import by dischaprging VAT then only you are eligible for SAD 4% refund i.e You should buy and sell as it is ie Trading Stock
saw Your Private message if you dont sell as it is means in that case you do some process which amounts to manufature in such case you would have taken the input credit of CVD and SAD and you cant claim 4% SAD refund You sell the output by paying excise duty and VAT
CAclubindia
