TaxTMI Login
Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Refund of CENVAT credit: proportionate refund for exports without duty based on export turnover and net credit.</h1> A manufacturer or service provider exporting without payment of duty under bond or letter of undertaking may claim refund of CENVAT credit determined by the formula: (Export turnover of goods + Export turnover of services) x Net CENVAT credit / Total turnover. Key terms are defined: Net CENVAT credit (credit availed less reversals), export turnover of goods and services (payments and advances adjustments), and Total turnover (aggregate of excisable goods cleared, services including exports, and inputs removed against invoice). Refunds are subject to Board-specified procedure and excluded where drawback or rebate has been claimed.
TaxTMI 
TaxTMI 
