Refund of PLA balance

[kiran kujur]

can we claim refund of PLA balance without Surrendering the Registration Certificate and under which Rules/Act as my production is suspended from last 12 months but we are not willing to surrender the R.C

[Rama Krishana]

You surrender the registration or not, you can claim refund of balance amount in PLA since you have suspended the manufacturing activities. It is advisable that you should file the refund claim before surrender or simultaneously at the time of surrender. Amount in PLA is being carried forward and therefore, the period of limitation of one year is not applicable since it is not attained the nature of duty paid.

AI Summary

Refund Claim Possible Without Surrendering Registration Certificate; No One-Year Limit on PLA Balance Claims A user inquired about claiming a refund of the PLA balance without surrendering the Registration Certificate, as their production has been suspended for 12 months. The response clarified that surrendering the registration is not necessary to claim the refund. It is recommended to file the refund claim either before surrendering the registration or simultaneously. Since the amount in the PLA is carried forward and not considered duty paid, the one-year limitation period does not apply.