Rebate of Excise duty on export of goods

Refund of Import tax task on export of items, These short article mainly talks about the refund or the refund of the duty which was paid in case of the items are exported. Now examine more information regarding “ Rebate of Excise task on export of goods” from below …

Refund of Excise duty on export of items

Refund on Excise duty paid:

There are various exemptions available under excise when the products are exported to the outside nation then the import tax task paid on the products shall be exempt as the export would generate the foreign currency in the nation which would be develop the nation. So there are refund of two things which can be granted as exemption.

1. Responsibility paid on the exported goods
2. Responsibility paid on the raw products used for the production of such exported goods.

These exemptions are readily available according to the Rule 18 of the Central Import Tax Rules,2001 These exemptions go through some of the conditions.

Must Check Out–

• Refund of the Excise Responsibility
• Removal of Product as Such
• Download Latest Main Import Tax Types

Procedure for Rebate of Task paid:

1. To start with the exporter requires to file the declaration with the Assistant Commissioner or the Deputy Commissioner of Central Import Tax along with the appropriate facts and the figures, with the proper evidences of the products to be exported, responsibility paid challans, basic materials appropriately taken.

2. Then the Commissioner would confirm the goods and the evidences supplied by the exporter and if he deems fit, then would approve the permission for the goods to be exported.

3. Even more the exporter would get the products and the raw materials required for the export of items and would get the goods obtained with the duty paid and the invoice value raised.

4. Then the goods would be processed with the raw materials so gotten and would get the ended up items all set for the export.

5. The exporter would comply with the treatment for exporting the items as per prescribed laws and Act and would make the export done.

6. After the export is done, now the exporter will obtain the rebate of the items with the suitable commissioner with the following files:–LRB-

( a) In case of Rebate of Task paid on goods exported:–LRB-

1. Initial Copy of Type ARE-1
2. Proof of the responsibility paid
3. Invoices raised under Guideline 11
4. Delivering Bill and the Bill of Lading (Self Testified)
5. Request letter for the rebate of the items (On Letterhead)
6. Any other file which may be called upon

( b) In case of Rebate of Task paid basic materials for the function of exported products:–LRB-

1. Initial Copy of Form ARE-2
2. Proof of the responsibility paid or changed in the accounts
3. Invoice of the bought items
4. Delivering Bill and the Bill of Lading (Self Confirmed)
5. Request letter for the rebate of the items (On Letterhead) (Information such as dates, invoice numbers, amount of refund, etc)

Refund of the duty mistakenly refunded:

There has been the stipulation in the Act, where the person has been erroneously provided the refund, then the government can require the refund back within 6 months and within 5 years if the refund was given with the intent of scams or suppression of the facts.