Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Claim refund of cvd paid u/s 3(5) of customs act

yashsr (CA) (2285 Points)

13 July 2012

Hello,

I've paid 4% Counter Veiling Duty(CVD) while importing goods from China which I've later sold in India. I'm a dealer. Please let me know the procedure to obtain refund(or set-off) for the same.

Reply
Follow
Share

1 Replies

narayan (manager finance) (45 Points)
Replied 02 July 2014

Under customs notification 102/2007, SAD @ 4% paid on imports can be claimed refund within 1 year of filling of B/E only if that is not passed on to the buyer subsequently.

requirements:

1. bill of entry copy (original)

2. sales invoices mentioning that there is no cenvat credit passed on to the buyer or not availed credit

3. working corelating to each B/E items with the selling invoices.

4. duty challan's paid of customs duty and VAT challans

5. certificate from Auditor/chartered Accountant certifyng the correctness of the above

6. fill the refund clcim form along with all the above documents and bank details

submit within one year with the customs.

Regards,

Narayan Sahu

1 Like