Stock transfer outside india
This query is : Resolved
Deepak Agrawal
(Querist)
06 March 2009
Hi,
Let me know excise treatment & other legal implication for the material sent by engineering company to its site outside india....
Please reply with section / rule number...
Let me know excise treatment & other legal implication for the material sent by engineering company to its site outside india....
Please reply with section / rule number...
Rajesh Kumar
(Expert)
09 March 2009
Sending material outside india is Export, even when the maretial is sent to oyur site only. You can take all the benefits of Custom, Excise, Service Tax and CST/VAT on this export.
It may happen that you are also sending some materials which you may wish to bring back into india after use, like cranes, capital goods etc. There is an specific exemption of import duty of such material.
It may happen that you are also sending some materials which you may wish to bring back into india after use, like cranes, capital goods etc. There is an specific exemption of import duty of such material.
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