20 April 2012
Export to Nepal, Bhutan and Bangladesh is not regarded as export sales as it is not bringing in any convertible foreign exchange. in India. The VAT paid by you can be claimed as refund but it has got a different process.
21 April 2012
As per sect. 5 of CST Act, sale of goods said to take place and shall be deemed to be in the course of the export of goods out of the territory of India only if the sale either occasions such export or is effected by a transfer of document of title to the goods after the goods have have crossed the customs frontiers of India. Condition of bringing in any convertible foreign exchange is not given for export sale. Kindly give details in the matter, as under CST Act.
21 April 2012
As per Sect. 5 of CST Act, sale of goods said to take place and shall be deemed to be in the course of export of goods out of territory of India or after the goods have crossed the customs frontiers of India.
In this case our goods has crossed the customs frontiers of India and we have received certificate from Customs frontiers of India at Nepal Border.
How could I claimed as refund of vat on sale to Nepal.
Kindly also advise us what is the process of refund.
22 April 2012
Shri Agrawalji kindly advice whether bringing of convertible foreign exchange is necessary for valid export ?
Mr. santosh- As per provisions of respective states, exporter will be entitle for setoff of tax input, as per return submitted. Under MVAT Act, refund is to be claimed by E-application in Form 501.
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