23 September 2010
Eg. If a manufacturer exporter purchases inputs and makes payt to the seller as under: Rs. 100 + ex duty Rs. 10.30 = Rs. 110.30
Now, after manufacturing process, the excisable product is exported as under: say for Rs. 500
Querry: 1) Whether i can get refund of Rs. 10.30 paid on inputs under rule 18 2) Whether i have to first pay 10.30% on Rs. 500 which comes to Rs. 51.50 thru challan and then claim refund of Rs. 51.50 under rule 18
Pl. let me know whether i have understood correctly?
23 September 2010
YES IF YOU WANT CLAIM REFUND THEN AT FIRST YOU HAVE TO PAY OR DEBITED THE DUTY ON EXCISEABLE VALUE OF GOODS THEN ONLY YOU CAN CLAIM THE REFUND.