It has been long term pursued policy of government of India not to export domestic tax along with export goods and to make such goods competitive in the foreign market. It can be done in many was i.e. exemption from duty payment, refund/rebate of excise duty, refund of service tax, refund of Value Added Tax and may other benefits under Foreign Trade Policy. Under exemption scheme, the exporter is not required to pay tax ab-initio. In case of refund, tax paid at different stages is paid back by government in the form of refund. There are different manner in which refund under indirect tax may be claimed. These are discussed below:
1) Refund of Central Excise Duty under section 11B of Central Excise Act
2) Rebate of duty paid on goods exported under Rule 18 of Central Excise Rule
3) Rebate of duty on inputs used in the manufacture of exported goods under Rule 18 of Central Excise Rule
4) Refund of Cenvat credit for export under Rule 5 of Cenvat Credit Rules, 2004
5) Refund of duty /interest under section 27 of the Customs Act
6) Refund of 4% SAD
7) Service Tax Refund in respect of the services used in
8) Refund of service tax to SEZ unit
9) Refund of Cenvat Credit for export of services under Rule 5 of Cenvat Credit Rules, 2004
10) Refund of service tax under section 11B of Central Excise Act
11) Refund under VAT laws
There are continuous changes in the manner of claiming above benefits as the government frequently amends the law by issuing new notifications/amending existing notifications for refund etc. We have observed that it is very difficult for small and medium scale enterprises especially located in the remote area of the country to understand above benefits, keep track of changes happening therein and ultimately succeeding in getting refund/rebate. We provide end to end solution in claiming of refund/rebate or any other benefits admissible under Indirect Tax law. We assist in evaluating the most suitable benefits, preparation of documentations; filing the claim, follow up with tax authorities and further legal support in case refund claims are denied. We make sure you are not deprived of any legitimate benefits available to you under indirect tax law.