Re cvd
This query is : Resolved
08 September 2013
Dear Sir,
If i import a testing device for resale in india. can i get a 4% CVD benifits if a exporter paste a MRP tag on device in INR.
If i import a testing device for resale in india. can i get a 4% CVD benifits if a exporter paste a MRP tag on device in INR.
09 September 2013
https://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k7/cs102-2k7.htm
10 September 2013
DEAR JYENDRA,
1. SAD EXEMPTION 4% APPLICABLE ONLY WHEN THE GOODS IMPORTED ARE FOR RETAIL SALE & UNDER LMPC RULE IT IS REQUIRED TO DECLARE MRP
2. SAD REFUND CAN BE AVAILED, IF THE GOODS IMPORTED IS SOLD AS IT IS ON PAYMENT OF APPLICABLE SALES TAX.
MACHINERY IS NOT AN ITEM WHICH ARE SOLD IN RETAIL, SO YOU CANNOT AVAIL UPFRONT SAD EXEMPTION, BUT YOU CAN AVAIL SAD REFUND POST SALE OF GOOD WITH APPLICABLE SALES TAX
1. SAD EXEMPTION 4% APPLICABLE ONLY WHEN THE GOODS IMPORTED ARE FOR RETAIL SALE & UNDER LMPC RULE IT IS REQUIRED TO DECLARE MRP
2. SAD REFUND CAN BE AVAILED, IF THE GOODS IMPORTED IS SOLD AS IT IS ON PAYMENT OF APPLICABLE SALES TAX.
MACHINERY IS NOT AN ITEM WHICH ARE SOLD IN RETAIL, SO YOU CANNOT AVAIL UPFRONT SAD EXEMPTION, BUT YOU CAN AVAIL SAD REFUND POST SALE OF GOOD WITH APPLICABLE SALES TAX
10 September 2013
the link also provided by me say .
agreed with expert.
agreed with expert.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Reporting in TDS return
- Traces submitting correction statement error
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
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
