Custom duty avail Benefit
This query is : Resolved
R.Purna Ch. Achary
(Querist)
29 April 2009
Our Company import raw material from abroad
and processing and make into finished product. these product sale to other company. But purchase co. want duty draw back repot. so our company giving detail of duty duty draw back report. Can our company avail some benefit from that company. Can Our company claim some benefit of that company.
If Claim which sec. he can claim ?
R. Purna Ch. Achary
Jr. Finance Officer
DAESUNG ELECTRICAL INDIA PVT. LTD
and processing and make into finished product. these product sale to other company. But purchase co. want duty draw back repot. so our company giving detail of duty duty draw back report. Can our company avail some benefit from that company. Can Our company claim some benefit of that company.
If Claim which sec. he can claim ?
R. Purna Ch. Achary
Jr. Finance Officer
DAESUNG ELECTRICAL INDIA PVT. LTD
Madhukar N Hiregange
(Expert)
11 May 2009
Normally the exporter is eligible for export benefits not the supplier. Sometimes the exporter can apply for an advacne liecense and after getting the same can get it endorsed in your favour. In that case you will not charge any excise duty.
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