Goyal (Partner) (33 Points)
13 August 2011We are a trading company. If we import capital goods into Mumbai at our stock centre, we will have to pay Octroi. Can we claim octroi refund if the stocks move out of Mumbai again (For example to supply customer in Pune?)
If yes, will there by any deductions? What is the procedure?
Thanks!
vishnupriya
(CA Final)
(1418 Points)
Replied 13 August 2011
Refund of octroi shall be admissible when Octroi is paid on articles imported/ purchased or brought as stock transfer for purpose of sales distribution, offshore supply, exports and any other purpose.
You have to claim for refund in Form -CC if you are exporting goods to Pune by road.
Please visit the following site to get more clarification.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
