Matter relating to export sale
This query is : Resolved
Ankul Baranwal
(Querist)
07 August 2014
An Agriculture product has been exported to Nepal from India.
Payment received in Indian Rupees
my question is whether this amount will be disallowed under export sale ?
IF then what will be the implication under VAT ? Is there any interest and penalty will charge on this sale amount ?
Payment received in Indian Rupees
my question is whether this amount will be disallowed under export sale ?
IF then what will be the implication under VAT ? Is there any interest and penalty will charge on this sale amount ?
CA UMESH DULAL
(Expert)
07 August 2014
In VAT there is no condition to receive the consideration on convertible foreign currency, so there is no dis allowance of export if you have valid document to proof the export.
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
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- Capitalgain tax purposes for valuation report compulsory
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TDS on Fixed Assets purchased
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Capital Gail Exemption Certificate
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
