If we import paper and pay all customs duties, and convert paper into Copies and sell the copies in domestic market, are we eligible for SAD refund by paying CST/VAT on copies ?
3 Replies
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 23 January 2014
It is generally understood that You sell as it is what You import by dischaprging VAT then only you are eligible for SAD 4% refund i.e You should buy and sell as it is ie Trading Stock
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 23 January 2014
saw Your Private message if you dont sell as it is means in that case you do some process which amounts to manufature in such case you would have taken the input credit of CVD and SAD and you cant claim 4% SAD refund You sell the output by paying excise duty and VAT
Maniyar Muhammed Umar
(ACCOUNTANT & PAYROLL EXECUTIVE)
(71 Points)
Replied 23 January 2014
Within one year sell the imports goods then you will be eligable to SAD refund
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