We have imported certain goods and paid the customs duty and sold the material in domestic market after charging CST, did we entitled to refund of whole SAD paid at the time of clearing or goods or only CST part ?
5 Replies
naman garg
(Student CA Final )
(31 Points)
Replied 28 December 2013
yes, you are entitled to take refund of SAD for the portion and to the extent realting to the sale of your imported goods provided that CST has been paid on the sold goods.
naman garg
(Student CA Final )
(31 Points)
Replied 28 December 2013
No, you are entitled to take refund for the part of CST paid on the goods. SAD refund is given on the goods on which CST has been paid.
kamal kumar
(Manager)
(42 Points)
Replied 28 December 2013
| Originally posted by : naman garg | ||
 |
No, you are entitled to take refund for the part of CST paid on the goods. SAD refund is given on the goods on which CST has been paid. |
 |
Yes we have paid both SAD and CST, we have sold the entire goods imported after paying customs duty, e.g. we have paid SAD for Rs. 100/- and paid CST of Rs. 50/-, now are we entitled to refund of Rs. 100/- or Rs. 50/- ?
SUNIL VARPE
(PROPRIETOR)
(37 Points)
Replied 14 January 2014
Dear sir,
You are eligible for the Rs.100/- and please note you have to consider quantity sold against which you have paid VAT/CST for SAD refund irrespective of VAT/CST amount.
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