Selling of part of vessel in out of india both party indian
This query is : Open
09 October 2014
Selling company is Indian located at Mumbai one equipment (part of ship) on his ship which they intend to sell.
Ship is currently in Dubai. Equipment will be delivered to buying company in Dubai.
However, buying company is an Indian company in Mumbai and will be paying in Rupee only. Will this transaction attract VAT or it will be sale in the course of Export?
Please reply on behalf of seller's implementation.
Ship is currently in Dubai. Equipment will be delivered to buying company in Dubai.
However, buying company is an Indian company in Mumbai and will be paying in Rupee only. Will this transaction attract VAT or it will be sale in the course of Export?
Please reply on behalf of seller's implementation.
14 October 2014
Please reply if any one have solution to my query
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