22 November 2008
Background: We are going to start import from Germany, and have the same goods be sold in retails market after paying the VAT/CST. Now, as per earlier notification no. 102/2007 dt 14.09.2007 - notification for refund, it was told that we could take the refund of 4% spl CVD, but every time it was cancelled by the authorities stating: unjust enrichments.
Now, against the notification for 4% spl cvd refund - 102/2007 csu, dt 14.09.2007; a new circular no. 16/2008 dt 13.10.2008 which explains - on how the refund can be effected. Will this work?
My querrry: Are there any possiblitites that now we could avail the 4% spl cvd refund facility.
22 November 2008
Yes definitely this SAD is refundable but u have to fulfill all the conditions like certificate from the statutory auditors specifying that there is no unjust enrichment.
CAclubindia
