Avoiding Excise Duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 November 2010
We like to be act as a Merchant Exporter.
Got some export orders from South Africa. The goods (machinery - manufactures) are supplying to us with Excise Duty. How can we save the Excise Duty at the time of purchasing goods. We already have IE CODE. Needed any special permission / licence required for exporting goods(Machineries) from Customs Authories.
Valuable advice in this regard is highly
apreciated.
Got some export orders from South Africa. The goods (machinery - manufactures) are supplying to us with Excise Duty. How can we save the Excise Duty at the time of purchasing goods. We already have IE CODE. Needed any special permission / licence required for exporting goods(Machineries) from Customs Authories.
Valuable advice in this regard is highly
apreciated.
CA Sanat Pyne
(Expert)
18 November 2010
The clearance documents of your supplier shall be marked ‘Export through merchant exporter’ and the merchant exporter’s export - import Code number should also be mentioned.
The exempted units are required to maintain simple account of production and clearance and they shall file a quarterly statement to the jurisdictional Range Superintendent and also submit proof of export.
The exempted units are required to maintain simple account of production and clearance and they shall file a quarterly statement to the jurisdictional Range Superintendent and also submit proof of export.
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