Export invoicing

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2012 Dear Sir/Madma,

Company A : MNC Company & 100% Parent of B
Company B : Indian & 100% subsidiary of A
Company C : Indian Company and customer

C places order on A for a big contract.
A places order on B for few parts of this big contract.
As per instruction B supplies to C with ED & CST

Now B wants to raise invoice on A.
Can he raise invoice without actually the material being exported? If yes, which taxes he can charge?

Regards,

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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26 May 2012 If company B mentioned iec code too only local charges such as vat / cst will be given .

if "b" physical export in india in SEZ deemed drawback incentive will be given in this condition to "c"

any query,

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