Refund of Import Duty

This query is : Resolved 

26 February 2009 If any provision of Refund of Custom Duty Against local sale.

Client says that if he sells Local sales & sumbit bills to custom dept 4% duty will be refunded.

if any provision relating to this please tell those provision.

Is this duty draw back or cash assistance

Urgent

27 February 2009 This is refund of special additional duty (SAD).
Actually SAD is levied in leiu of VAT suffered by indigeneous goods. Thus when VAT is paid on iported goods, there is refund of SAD.
If the imported goods are used in manufacturing, SAD is available as cenvat credit.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries