TMI BlogProcedure for refund of 4% Additional Duty of Customs in pursuance of Notification No.102/2007-Customs dated 14.9.2007X X X X Extracts X X X X X X X X Extracts X X X X ..... erned is invited to Notfn. No. 102/2007 dated 14/09/2007 for refund of 4% SAD and the Boards Circular No.16/2008-Customs dated 13/10/2008 containing on clarification of the Public Notice No. 43/2008 on the above subject. Subsequent to the issue of the above Circular and Public Notice No. of the following procedure has been prescribed. 2. Copy of invoices in electronic form (including the form of CD) : For the purpose of fulfillment of the condition in para 2 (e) (ii) of the Notification No. 102/2007- Customs dated 14.9.2007, the importers can submit copy of invoices in electronic form (including) as prescribed in Information Technology Act, 2000. The electronic media containing the information about sale invoices should, howeve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the concerned ST/VAT authority or input tax credit adjustment, could be accepted for the purpose of fulfillment of the condition in para 2 (d) of the Notification for considering sanction of refund of 4% CVD. 3.3 The certificate from Statutory Auditor/Chartered Accountant correlating the payment of ST/VAT on the imported goods with the invoices of sale, along with supporting documents of proof of payment of appropriate ST/VAT is given in Annexure-II. 4. Submission of Original ST/VAT or copies of ST/VAT payment document / Challans by the importers : Keeping in view the difficulties faced in submitting original ST/ VAT challans, it has been decided that alternatively, the importers may submit copies of ST/VAT challan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... yment made to the bank or ST/VAT Department towards ST/VAT is given in Annexure- III. 5. Imported goods by importer through consignment agent/stockist : In case of sale of imported goods by importer through consignment agent/stockist, refund of 4% CVD would be granted by Customs field formations subject to the condition that the consignment agent/stockist has been authorised to sell the imported goods in terms of the agreement entered into between the importer and consignment agent/stockist and that each of the sale invoices issued by the consignment agent/stockist indicates that the sale is made by him on behalf of the importer in the capacity of consignment agent/stockist. These conditions shall be verified by the Customs off ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
