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Import Refund ??

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..... Import Refund ??
Query (Issue) Started By: - Kishan Barai Dated:- 12-1-2017 Last Reply Date:- 21-1-2017 Customs - Exim - SEZ
Got 3 Replies
Customs
Suppose A import products for his own ma .....

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..... nufacturing unit & prepare finished product & sell it locally. Will he get refund of CVD & SAD ?? Suppose B import products for his own manufacturing unit & prepare finished product & sell it globall .....

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..... y (Export) . Will he get refund of Import duty without availing AA / DFIA / EOU ?? Please elaborate your views in details along with present & GST scenario where there would be BCD & IGST Thank You .....

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..... Reply By Ganeshan Kalyani: The Reply: 1) the manufacturer can avail cenvat credit of CVD and SAD on output excise duty liability on removal of goods from factory for domestic consumption. 2) Sinc .....

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..... e export is not taxable. The import duty should be able to be refunded to you. IGST is creditable under GST subject to certain conditions. But we will have to wait for final draft.Thanks. Reply By .....

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..... Kishan Barai: The Reply: Thank you for your great reply Reply By YAGAY AND SUN: The Reply: Final GST Law will decide the fate of such transactions. Till then, one should adopt wait and watch poli .....

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..... cy. However, it is good to conduct simulations in GST Transactions.
Discussion Forum - Knowledge Sharing .....

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