Page 12 - Banking Finance December 2018

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e a en ents in arifi ations on Ref n
n order to red ce the co p iance cost of the ta pa ers and to ease the proce
R es
d re of fi in ref nd it is ein c arified that the
he fo o in a end ents ha e
ref nd c ai app ication i e acco panied
een ade in
RM R of the period for hich the c ai
the
ant has fi ed ref nd. RM R 2 i e s ffi
r es. oc cient for the infor ation of inp t ta credit
ents and
a ai ed the ta pa er c ai in ref nd.
de ices to e
n oices i on e re ired for the entries that
carried a
are not present in R 2 . he proper officer sha not de and for the ori i
p e r s o n i n
na or d p icate in oices for the entries present in R . he ta pa er c ai
char e of a con e ance n case of
in ref nd sha s it an anne re containin detai s of in oices on the asis
i ported oods the person in char e
of hich inp t ta credit has een a ai ed for the re e ant period a on ith
of a con e ance i no need to
RM R and pp ication Reference er R .
carr a cop of the i of entr fi ed
t present the porta ca c ates the a o nt to e ref nded in case of ref nd
the i porter and indicate the
of n ti ised inp t ta credit. fter ca c ation the e ectronic credit ed er of
n er and date of the i of entr
the c ai ant is de ited the ref nda e a o nt. rrent the proced re of
in art of or B .
offsettin is not a ai a e on the porta . ence the ta pa ers ha e to an a
np t ta credit i i i it np t a
de it the a ance of nte rated a to the e tent a ai a e first and then en
redit can e a ai ed if the in oice
tra a and tate a e a . he ref nd app ication can e fi ed on after
de it note is iss ed in accordance e ectronic credit ed er has een de ited and R has een enerated.
ith pro isions containin a the
here the ref nd a o nt is re ected d e to e i i i it of credit. the sa e sha
specified partic ars. B t no it can
e re credited in e ectronic credit ed er in RM R B and a de and
e a ai ed if in oice de it note con
notice i e iss ed for reco er of the a o nt a on ith the interest and
tains the detai s of at east the
pena t as app ica e. f the de and is confir ed the sa e sha e added to
a o nt of ta char ed description
the e ectronic ia i it ed er in RM R 7.
of oods or ser ices tota a e of
he ta pa er a a so pa the a o nt a on ith interest and pena t efore
s pp of the s pp ier and
recei in the notice and the sa e ha e inti ated to the officer in RM
recipient and p ace of s pp in case
R . here the ref nd app ication is re ected on so e other ro nd
of inter tate s pp .
an nderta in i e recei ed fro the c ai ant that no appea i e fi ed
Ref nd of nte rated a aid Ref nd
a ainst the order and the a o nt sha e re credited to the e ectronic credit
of inte rated a paid on e port of
ed er.
oods is restricted if the e porter has
t is f rther c arified that no ref nd of inte rated ta paid on e pert of oods or
i ported oods itho t pa ent of
ser ices i e a ai a e to the re istered persons inc din i porters ho are
a ai in enefits nder c s
direct p rchasin or i portin s pp ies on hich enefit of red ced ta or no
to s d t i.e. ad ance a thorisation
ta incidence has een a ai ed.
etc enefits ith
retrospecti e effect fro 2 rd cto
on riorit e tor en in ertifi ate
er 2 7.
B has c arified that the ta ia i it on tradin of riorit ector endin
ance ation of Re istration he pro
ertificate fro st 2 7 to 27 h Ma 2 i e
ceedin s for cance ation of re istra
paid the se er an on for ard char e asis 2 .
tion d e to non fi in of ret rns sha
ro 2 th Ma 2 on ards here a re istered per
e dropped itho t rep in to the
son i s pp to a re istered person the ta
notice ser ed if the assesses f rnishes
ia i it i e dischar ed the recipient nder
a pendin ret rns and pa ta d es
Re erse har e Mechanis . he rate of ta for the sa e
a on ith interest and ate fees.
i e 2 .
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