liability of STPI unit
This query is : Resolved
Singaravelan
(Querist)
22 January 2009
An entity registered under STPI scheme has not achieved the export turnover obligation.
Customs duty was waived for the unit for the import of capital goods under STPI regulations.
What is the maximum liability the unit has to pay to the customs department for non fulfillment of export obligation?
Customs duty was waived for the unit for the import of capital goods under STPI regulations.
What is the maximum liability the unit has to pay to the customs department for non fulfillment of export obligation?
CA. B.SRINIVASULU
(Expert)
30 January 2009
Saved duty along with interest from the date of import till the date of actual payment of duty.
Singaravelan
(Querist)
16 February 2009
Thank You Mr. Srinivasulu
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