Export --- simplified procedure – re-determination of rebate under Rule12&13

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....risen relating to the determination of the amount of rebate of excise duty in cases where prices of export-goods are quoted in foreign currency and ad valorem excise duty is paid after converting the value in equivalent Indian rupee. Another doubt is that once duty is paid, should rebate be reduced and if the rebate is reduced, can the manufacturer be allowed to take re-credit of the duties paid t....

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....nt for the purposes of rule 12 & rule 13. Thus, the duty element shown on AR-4 has to be rebated, if the jurisdictional Range officer certifies it to be correct. There is no question of re-quantifying the amount of rebate by the rebate sanctioning authority by applying some other rate of exchange prevalent subsequent to the date on which the duty was paid. It is also clarified that the rebate sanc....

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....3C Part-II do not arise. 4. Same principle should be applied to cases where any short payment of duty is noticed and the assessee pays the differential duty prior to sanction of rebate, whether lie pays before or after adjudication of the case of short payment. The rebate of the full amount of duty paid on the goods exported (not the fine and / or penalties imposed, if any) should be allowed, p....