Import duty paid, whether tds is applicable
This query is : Resolved
01 July 2016
We are a manufacturing company. We imported electrodes from China (say USD 100). These electrodes can be used as it is. But to increase the durability, electrodes purchased from China are directly sent to Germany for Coating of Graphite on it. Coating charges includes material part also (say coating charge is USD 25). Company at China and Germany are different. Payment is made to company at China and Germany Separately. We are paying import duty on both material cost charged by China and Graphite coating charge charged at Germany (i.e. import duty paid on USD 125) . Kindly advise whether coating charge payment to German company attracts TDS other whether the whole transaction is import purchase transaction and no TDS liability attracts??
01 July 2016
The whole transaction is import purchase, no TDS liability attracts as import duty paid on full value including payment to Germany.
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