C.V.D
This query is : Resolved
22 January 2009
HELLO,
WE ARE DOING TRADING BUSINESS WITHOUT TAKING ANY EXCISE REGISTRAION, FOR THAT WE ARE IMPORTING THE MATERIAL FROM FOREIGN COUNTRY AND SAILING IN LOCAL MARKET ON TAX INVOICE, WE HAVE TAKEN IEC NO FROM DGFT FOR IMPORTING THE MATERIAL, NOW MY QUERY IS THAT WHENEVER WE ARE IMPORTING THE MATERIAL THAT TIME WILL HAVE TO PAY CVD ON THAT MATERIAL WHICH IS APPLICABLE,HOWEVER THERE IS ANY RULE OR ANY SCHEME FOR SAVING THE CVD ON IMPORT MATERIAL SO WE CAN REDUCE OUR TRANSFER PRICE.
WE ARE DOING TRADING BUSINESS WITHOUT TAKING ANY EXCISE REGISTRAION, FOR THAT WE ARE IMPORTING THE MATERIAL FROM FOREIGN COUNTRY AND SAILING IN LOCAL MARKET ON TAX INVOICE, WE HAVE TAKEN IEC NO FROM DGFT FOR IMPORTING THE MATERIAL, NOW MY QUERY IS THAT WHENEVER WE ARE IMPORTING THE MATERIAL THAT TIME WILL HAVE TO PAY CVD ON THAT MATERIAL WHICH IS APPLICABLE,HOWEVER THERE IS ANY RULE OR ANY SCHEME FOR SAVING THE CVD ON IMPORT MATERIAL SO WE CAN REDUCE OUR TRANSFER PRICE.
24 January 2009
u can import thru advance licence,what is the CVD that u r paying at present, can i know what is the material u r importing.
regards
k.ravi
regards
k.ravi
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- Regarding ITR filing with more value than showing in AIS/TIS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
