rule 18 calculation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2010 Eg. If a manufacturer exporter purchases inputs and makes payt to the seller as under:
Rs. 100 + ex duty Rs. 10.30 = Rs. 110.30

Now, after manufacturing process, the excisable product is exported as under:
say for Rs. 500

Querry:
1) Whether i can get refund of Rs. 10.30 paid on inputs under rule 18
2) Whether i have to first pay 10.30% on Rs. 500 which comes to Rs. 51.50 thru challan and then claim refund of Rs. 51.50 under rule 18

Pl. let me know whether i have understood correctly?

CA Sanat Pyne

CA Sanat Pyne (Expert)
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23 September 2010 YES IF YOU WANT CLAIM REFUND THEN AT FIRST YOU HAVE TO PAY OR DEBITED THE DUTY ON EXCISEABLE VALUE OF GOODS THEN ONLY YOU CAN CLAIM THE REFUND.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2010 So, totally, i can get the refund of Rs.10.30 and Rs.51.50(if i pay)

Am i correct?

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CA Sanat Pyne

CA Sanat Pyne (Expert)
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23 September 2010 NO YOU WILL GET THE REFUND OF RS 51.50.