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SAD Filing

IndiaMART TrustSealCargo Care International specializes in filing Special Additional Duty (SAD) refund for its eligible customers. We provide the following assistance to our customers

a)   Understanding the customer business, its imports and subsequent sales and exports

b)   Advising the customer on the various benefits he can claim for his imports

c)   Assisting the customer in data preparation and finalization

d)   Preparing the various documents required for submitting to the customs

e)   Following up with the respective authorities

Frequently asked questions (FAQs)

a)    What is SAD?

b)    Who are eligible for SAD?

c)     What is the process for claiming SAD?

d)    How much does it cost?

e)    Is there any time limit for claiming SAD?

f)     What are the documents required for SAD?

g)   Will I get the complete refund?

h)    Can I claim for a VAT/CST exempted sale?

i)     Can I get claim for sale against a form 2C?

j)     Should I process one bill of Entry at a time?

k)    How much time does it take for the refund to materialize?

l)     Will I have to come to customs for processing?

m)   How will I get the payment

n)    Can I get the services of an auditor for creating the documents?

 

a)   What is SAD?

A Special counter veiling duty known as Additional Custom Duty (Special Additional Duty SAD) at the rate of 4% and is leviable under sub-section (5) of Section 3 of the Customs Tariff Act, 1975 for all the imports to India. This is charged on the total value of imports including CIF + Basic Customs duty + CVD. This duty is to countervail sales tax leviable on the sale of goods in India. This gives a level playing field for the internally produced goods by the domestic industry.

Any import trader who sold their goods in India without changing the good is refunded the 4% SAD as per the Notification No. 102/07-Custom Dt. 14.09.2007 subject to fulfilment of various conditions and procedure as laid down by government in various subsequent circulars, instructions and public notices. This refund is known as SAD Refund in commercial parlance.

 

b)   Who are eligible for SAD?

Any import trader who sold their goods in India without changing the good can claim SAD. The goods sold will have to be sold and either VAT/CST which ever is applicable should have been paid by the importer. The selling should happen within a year of import. Refund is not available to manufacturers who consume these goods in manufacturing process or are the end consumers of goods.

c)   What is the process for claiming SAD?

a)   How much does it cost?

The cost can vary from 5% to 15% of the claim amount. It will depend on the claim amount and the amount of documents to be processed. The payment schedule is as follows, 20% on completion of the documentation, 30% on submission and 50% against the release order (RO).

b)   Is there any time limit for claiming SAD?

SAD Refund must be claimed within one year from payment of SAD i.e. date of TR6 challan of corresponding Bill Of Entry.

c)   What are the documents required for SAD?

a.    Original Importer copy of Bill of Entry

b.    Duty paid TR6 challan

c.    Copy of import invoice, packing list & bill of lading.

d.   Original sales invoice.

e.    Original VAT/ CST Challan (or Copy of CA attested).

f.     Original RTGS verify by Bank.

g.   Self declaration/Affidavit

 

d)   Will I get the complete refund?

Refund will be available completely if the entire quantity imported is sold off after paying the VAT/CST. In the case of a partial sale SAD can be claimed only for quantity of the goods that is sold. SAD cannot be calmed if the goods are sold to a party who is exempt from VAT/CST.

e)   Can I claim for a VAT/CST exempted sale?

No.

f)    Can I get claim for sale against a form 2C?

Yes.

g)   Should I process one Bill of Entry at a time?

The Bill of entries need not be processed one at a time. A set of Bill of Entries can be submitted in a consolidated format also. There can only be one claim for one Bill of Entry whether it is submitted individually or as a part of a consolidation. Only one document can be processed in one month.

h)   How much time does it take for the refund to materialize?

It is approximately 3-4 weeks after submission of the document and customs accepting it. The document preparation time depends on the number of documents and the size of the document. Normally it takes one week day to prepare one set of documents with 10 Bill of entries and each having 20 items imported.

i)     Will I have to come to customs for processing?

In normal cases no.

j)    How will I get the payment?

It will be transferred via RTGS/NEFT to you account specified in the application form.

k)   Can I get the services of an auditor for creating the documents?

Yes. Normally this is not required. We can provide for the same at an additional cost.

 

 

 

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