TMI BlogIssue related with rebate under rule - 18 of central excise rulesX X X X Extracts X X X X X X X X Extracts X X X X ..... Issue related with rebate under rule - 18 of central excise rules X X X X Extracts X X X X X X X X Extracts X X X X ..... cise X X X X Extracts X X X X X X X X Extracts X X X X ..... the same under rebate. Now department says that benefit of two exemptions i.e. procurement of raw material under bond and export the same under rebate not be done simultaniously and not sanctioning ou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r rebate claim accordingly. In this case is there is any way to get refund / rebate of the duty which is used in the material for the export purpose. Reply By CS SANJAY MALHOTRA: The Reply: Departme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt contention is incorrect, exporters are being sanctioned rebate claim on finished Goods under Rule 18 of central Excise Rules, 2002, even if they have purchased imported inputs under advance license ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... without payment of duty. Further refund can be claimed from the department following the provisions of Rule 5 of CENVAT Credit Rules 2004 on accumulated CENVAT Credit due to exports. However, Benef ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it of Duty Drawback is not admissible or benefit get reduced if inputs are purchased under bond. X X X X Extracts X X X X X X X X Extracts X X X X
|