Customer has given us the po for tool devp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2015
We have received PO for tool devp from Foreign Customer, We have developed Tool for Customer against which we shall produce the finish goods and clear for export.
Now we have received payment against above Tool devp cost.
Against this transaction whether excise or service tax is applicable or not aplicable?
Now we have received payment against above Tool devp cost.
Against this transaction whether excise or service tax is applicable or not aplicable?
23 February 2015
Excise duty will be applicable on manufacturing of tools but no need to pay duty export of goods.
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