We are exporting goods to our foreign customers. The duty paid on inputs is around 3 crores. what is the procedure for getting it refunded.
8 Replies
CA. Arvind Shrivastva
(Chartered Accountant)
(278 Points)
Replied 07 May 2012
The terms and procedure for claiming refund of excise duty paid on input goods used in manufacturing of exported goods are laid down under Notification No. 05/2006. For detail Click on following link.
https://www.cbec.gov.in/excise/cx-act/notfns-2k6/cent05-2k6.htm
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 07 May 2012
If you are exporting without payment of duty, that means under Bond/ Letter of Undertaking, you can apply refund under Rule 5 of Cenvat Credit Rules, 2004. The application should be submitted to your jurisdictional AC along with your working , Shipping bill, BL Copy, mate receipt, etc. The application need to submit on quarterly basis (even though you can apply on yearly basis) for your proptionate CENVAT Credit on inputs (not for capital goods)
The Refund amount calculated by applying the following formula for the period
Refund= Total Cenvat Credit for the particular period/ Total Turnover X Export Turnover.
The application should be submitted within 1 year.
vinod
(sr accountant )
(26 Points)
Replied 20 June 2012
we are taking good ( activated carbon ) and he is charging b.e.d. and we are export that good to foreign contry shall we can get refund of B.E.D. REPLY ME
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 20 June 2012
Yes. You can apply for rebate under rule 18 of Central Excise Rules, 2002 under Input stage dealer. But you can buy for export goods without payment of duty under CT-1.
vinod
(sr accountant )
(26 Points)
Replied 22 June 2012
Dear Sir,
we are taking goods from tamilnadu ( Activated Carbon ) and he is charging us excise + cst so how we can get rebate sir can u help me
vinod
(sr accountant )
(26 Points)
Replied 22 June 2012
we are taking goods from tamilnadu and he is charging us cst and excise how we can get rebate or input can u reply us
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 23 June 2012
Please refer the Circular No. Circular No. 508/04/2000-CX for claim of rebate by Merchat exporter. According to the Circular
The Board has examined the matter. It is clarified that there is no bar on the merchant-exporters to file rebate claim and with the Assistant/Deputy Commissioner (Divisional Officer) having jurisdiction over the factory of manufacture of said goods and receive the rebate, provided the manufacturer gives the ‘disclaimer’ certificate. The AR-4 (now ARE-1) should be generated in the factory of said goods and duly signed both by the manufacturer and the merchant-exporter. You should file reabte claim with the central excise range of the manufactuer with necessary documents.
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