TMI BlogDuty Refund on import of capital equipments if we export goods manufacturedX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, We are going to import some equipment s from Outside India in Chennai Plating plant:- Filter (from Japan) Rectifier (from China) Heat Pump (from China) We want to know how we can take refund of duty paid on import of these equipment s ( as we think there is rule over that if we export 6 times of the duty amount then we can get refund of that). Pls. provide clarity over that. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By Ganeshan Kalyani - The Reply = Refer Foreign Trade Policy in this regard . - Reply By SHARAD ANADA - The Reply = If you import capital goods under EPCG (Export Promotion Capital Goods) scheme then in that case you are not going to pay any import duty but at the same time you have to fulfill export obligation which is 6 times of duty saved by you. This export obligation is to be fulf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... illed in 6 year time with 50% obligation in 4 year time. Suppose you saved duty of RS. 50 lakh then your export obligation will be ₹ 3 crore i.e. 6 times of 50 lakh There is no refund facility under custom act or GST act for purchase under EPCG - Reply By KASTURI SETHI - The Reply = I support the views of Sh.Sharad Anada Ji. - Duty Refund on import of capital equipments if we export good ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s manufactured - Query Started By: - CABIJENDERKUMAR BANSAL Dated:- 29-3-2019 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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