Import of raw material and export of the same after process
This query is : Resolved
PRADEEP REDDY
(Querist)
11 January 2015
Hi,
My client imports raw material from his customer at free of cost and after doing some manufacturing process on the raw material they export the manufactured good to the same customer.
Now
1.whether customs duty needs to be paid on raw material at the time of import,if so on what value?
2.What amount shall be shown in shipping bill at the time of export?
My client imports raw material from his customer at free of cost and after doing some manufacturing process on the raw material they export the manufactured good to the same customer.
Now
1.whether customs duty needs to be paid on raw material at the time of import,if so on what value?
2.What amount shall be shown in shipping bill at the time of export?
RAMESH KUMAR VERMA
(Expert)
17 January 2015
Mr. Reddy,
if you wish to export the goods through the ADVANCE LICENCE then can take the Drawback the paying duties @ export ,otherwise paid it.
@ time of export no duty applicable but applicable in case if re-export.
ramesh verma
if you wish to export the goods through the ADVANCE LICENCE then can take the Drawback the paying duties @ export ,otherwise paid it.
@ time of export no duty applicable but applicable in case if re-export.
ramesh verma
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
