Regarding sad

This query is : Resolved

Yash (Querist)
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20 February 2013 Can both registered or unregistered manufacturers and registered or unregistered dealers can take refund of SAD @ 4%?Please elaborate who can take(mfg or dealer) & whether he must be registered or not?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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26 February 2013 If you are a dealer registered under the Central Excise law, then you can issue a cenvatable invoice and the manufacturer can take credit against your invoice. Kindly refer to Rule 9 of Cenvat Credit Rules, 2004. The manufacturer can take 50 per cent of the CVD paid and 100 per cent of the SAD paid in the first year and the remaining 50 per cent CVD in any subsequent year.

http://www.aircustomschennai.gov.in/refundoverview.html