RD Refund Draft

Payment of Revenue Deposit to Customs
The Revenue Deposit is paid to Customs under the Customs Act 1962, mainly by the Importers who have their related business suppliers/partners settled abroad and after their transcation towards material/raw material is imported by the importer settled in India.
 
The Customs Act 1962 views such importers falling under Special Valuation Chapter of the Act, so that the importer should not take undue advantage of evading Customs duties & suffering to other Indian importers.
 
The importers covered under this category are required to submit application under Special Valuation chapter of Custom Act 1962 with Custom specifying the details of items under import & the port where the goods will arrive with approximate value of import duties.
 
On receipt of application by Special Valuation branch officials of SVB Customs will direct the importer to pay the Revenue Deposit within the range of 1% to 5% of the Assessable Value of the each imported consignment as precautionary measure uptill the pendency application as issue of order takes time. During the pendency of SVB application all the imported consignments B/E will be "provisionally assessed" with direction of payment of RD for each consignment.
Payment of Revenue Deposit to Customs
The provisionally assessed B/E's are to be got finally assessed by importer on receipt of SVB order & Investigation Report informing the approval of consideration of applicable and / or any condition of additional duties recoverable
 
The Revenue Deposit paid towards each B/E will be eligible for refund only after provisional B/E is finally assessed as per the direction specified by the SVB authorities.

Testimonials

Dear Mr. Santosh Rane
Greetings from Fronius India!
We are glad to inform you that we have successfully concluded the Year 2016 by achieving our Budget. When we look back, it brings in lot of smile & sense of Pride! J . I take this opportunity to thank you for all the smart work and dedication… Read more
Fronius India Private LimitedXX-XX-XXXX
Dear Mr. Mali,
This is to inform you that one shipment which landed in India today afternoon at 2.07 PM, got cleared from customs by your team at 5.50 PM.

We appreciate the efforts put in and great co-ordination by your import team – Mr. Sanjay/Mr. Shailendra/Ms Vrushali to clear the shipment with… Read more
Fronius India Pvt. Ltd.XX-XX-XXXX

Other Services Recommended