Sad refund

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ANKIT (Querist)
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07 October 2014 we importing goods from outside india. n pay all duties.my que. is why we claiming sad credit?or why its available to claim?

CA CHIRAG DOSHI

CA CHIRAG DOSHI (Expert)
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10 October 2014 SAD is additional duty levied by govt. in order to promote the manufacturing in home country, once you pay the duty, you have file declaration in annexure as specified by custom authority and also attached details of your local sales tax details and tax paid chalan.
you will get the refund of sad

instead of paying import duty, you can also avail the benefit of duty drawback licence i.e import licence in that you will get discount in duty