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Imported Goods Returned to Overseas Party - IGST Claim

Goods and Services Tax - Started By: - Praveen Nair - Dated:- 14-6-2018 Last Replied Date:- 17-6-2018 - Dear ExpertsGoods were imported by paying IGST, now the material is rejected and is to be returned to the exporter overseas. How do we get refund of the IGST amount?Do we have to export and claim IGST?Kindly suggestRegards | Pravin Nair - Reply By MUKUND THAKKAR - The Reply = Sir,please refer refund condition as per GST law. as per my view you have take credit of IGST instated of refund proced .....

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rawback under Section 74 of the Customs Act,1962 to 95% extent if re export is within prescribed time limit otherwise slab wise rate of duty drawback would applicable. - Reply By Kishan Barai - The Reply = Government has prescribed a format for applying for refund and connected documents and declaration. Required Documents for processing of refund claims Refund Application (Part-A, B & C) in proper proforma with declaration Duplicate Bill of Entry (Importer s Original Copy) with copies of in .....

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im for Unjust enrichment like Balance Sheet, Schedule etc Processing of Claims The refund claims are covered under Section 27 of Customs Act, 1962, which dwells in detail as to how the refund claims are to be considered for sanctioning to the claimants. The Important points for considering the sanction of refund: Limitation This point taken care of application of section which mandates that every refund claim has to be filed within 06 months from the date of payment. Refund Claims received after .....

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ri Khand Udyog Vs Collector of Central Excise 2005(181) ELT 328 (SC) on the issue of unjust enrichment, all the refund claims have to be studied from the point of view whether the provisions of unjust enrichment get attracted. Further, as per Section 27, 28(c) & 28(d), the Importer has to prove that duty burden has not been passed on to any customer/others either directly or indirectly and the onus is on the importer/claimant in this case. B. REFUND OF SAD (Now it's no more) Refund Appli .....

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und is claimed. Calculation / Worksheet Self Declaration All original challans evidencing payment of Sales Tax /VAT with detail of invoices Original Chartered Accountant Certificate All relevant documents to substantiate their claim for Unjust enrichment. How to apply The refund application has to be filed within one year from the date of payment of Customs duty i.e. within one year of TR 6 Challan date. Only one refund application for one importer in a month is permitted. The application filled .....

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