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Credit of Custom Duty

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 September 2010 Sir,
My client Import goods on which custom duty charged.he take the credit of duty agnst the vat payable?Is he right
if not then what should be the treatment?

21 September 2010 Customs duty cannot be set off against the local vat. it is need be add the cost of imported materials

22 September 2010 However, it needs to be kept in mind that the client can obtain a refund of the SAD portion paid on import of goods if the same goods are resold subsequently.




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