Plz anyone help me out relating to the procedure of refund of Excise duty
deepali agarwal (Company Secretary) (1289 Points)
03 October 2012Plz anyone help me out relating to the procedure of refund of Excise duty
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 03 October 2012
Excise refund is possible only in case of Exports, by paying the duty on clearance claim rebate against exported goods. otherwise there is no such provision for refund of ED.
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 03 October 2012
Sanjay
(Accountant)
(21 Points)
Replied 14 December 2012
Sir,
We are the manufacturer & there is 12% duty on our final product & our import of raw material includes additional duty then suggest me how we can take refund of additional duty.
SANJAY
Rakshit
(practising)
(338 Points)
Replied 14 December 2012
Refund and rebate are two things. Rebate is allowed aginst export of goods cleared on payment of duty.whereas refundis allowed of duty paid in excess or of duty paid on material used in the manufacture of export goods. Read Section 11A of the Central Exxcise Act, 1944 and rule 5 of the Cenvat Credit Rules, 2004..For procedure, pl. see chapter of refund of duty given under the Central Excise Supplementary Instructions, 2005. For further query, send e-mail
advrcverma @ gmail.com
Mobile: 09810525780
Ravi Borana
(Chartered Accountant)
(39 Points)
Replied 02 July 2015