ADMINISTRATIVE PROCEDURE
REFUNDS (Section 83)
• Refund claim to be made
to concerned AC/DC in form R, which should be filed before
the expiry of one year from the date of payment of tax (as
per section 11B of the Central Excise Act, which is made applicable
to the Act) and should be attached with proof that the incidence
of tax has not been passed on to any person.
• In case the refund is
not given within 3 months from the date of receipt of refund
application, interest should be paid for the period commencing
from the date immediately after the expiry of the said 3 months
till the date of refund at such rate, not below 5% and not
exceeding 30% per annum as is fixed by the Central Government.
The rate of interest currently fixed by the Central Government
is 6% per annum. (Notification 67/2003 dated 12th September 2003)
• No refund of service
tax credit availed on input service shall be allowed.
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