Dear all,
I'm running a Trading Company in Chennai dealing in supply of Electrical and Electronics component to the Foreign Companies located in Sudan.
I have IEC, VAT & CST registration for the same.
I'll purchase materials inter state as well as intra state. Certain materials has been purchased from Bangalore (Inter State)
for which I paid the input tax ( CED + CST => 8% + 2% => 10% ) to supplier alongwith material cost. Certain materials
has been purchased from Chennai (Intra State) for which I paid the input tax ( CED + VAT => 8% + 12.5% / 4% => 20.5% /12% ).
I will sell the goods at a profit margin @ 30%. Out of my profit margin, in the worst case I've to pay input tax @ 20.5%.
My query is, what procedure should I follow in order to claim my input tax as refund. Whether any registration or forms to be filed for the same in order to claim the input tax as refund, where i have exported the goods.
Please also note i have not claimed any Duty Draw Back or DEPB, where they say i am not eligible.
Please inform how i have claim the Excise Duty which i have paid is now exceed more than one lac for my exports.
Manikkam
CAclubindia
