on 01-29-2008 1:04 PM
Dear all,
Can u plz explain me the concept and customization of Rebate under Export process.
Is it means like we have to pay Excise,and after Export confirmation we get rebate against that?
Plz send me the solution for the same?
Thanks & Regards,
PM
Dear PM
Export under Rebate is the procedure in which the exporters first pay the central excise duty before clearing the goods from the factory and subsequently get it back by applying for rebate after the goods are exported
Rebate can be claimed for both the inputs (purchased from indigenous markets and used in the manufacture of exported goods) as well as for the final products. Normally, rebate is being widely opted by non-excise assessees (for example garment exporters) who procure raw materials locally, manufacture their final products and export them.
Thanks
G. Lakshmipathi
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