13 January 2010
duty drawback is available on 1. import duty paid on the goods which are re-exported 2. excise duty paid on input material. In case of manufacturer,he can claim the benefit under rule 18 & 19 of central excise rules,2002 but what in case of a trader(retail exporter)? can he claim duty drawback(in relation to point 2)? if yes then how?
13 January 2010
can u please elaborate Mr Kumar? lets take an example.A trader purchased some goods from the manufacturer.Therefore he would have definitely paid the excise duty on that invoice.After adding his profit margin, he sold the goods to an export party. In this case, can he claim duty drawback of the excise duty paid on the goods purchased?
DEAR SACHIN, IF THE EXPORTER FIRM IS SITUATED IN SEZ, INDIA AND THE EXPORTER NOT AVAILED THE CENVAT THEN EXPORTER GIVE THE DECLARATION TO THE IMPORTER FIRM REGARDING THE CENVAT NOT AVAILED BY HIM THEN HE CAN TAKE THE DRAWBACK CONCERNED REGIONAL EXCISE AUTHORITY. RAMESH KUMAR VERMA ' ramesh.arti@yahoo.co.in
DEAR SACHIN, IF THE EXPORTER FIRM IS SITUATED IN SEZ, INDIA AND THE EXPORTER NOT AVAILED THE CENVAT THEN EXPORTER GIVE THE DECLARATION TO THE IMPORTER FIRM REGARDING THE CENVAT NOT AVAILED BY HIM THEN HE CAN TAKE THE DRAWBACK CONCERNED REGIONAL EXCISE AUTHORITY. RAMESH KUMAR VERMA ' ramesh.arti@yahoo.co.in