This discussion clarifies the applicability of Tax Deducted at Source (TDS) on raw material imports from Singapore under DAP (Delivered at Place) terms. It confirms that TDS is not applicable to the cost of the imported goods themselves. Furthermore, the consensus is that TDS also does not apply to associated import duties or transportation charges incurred during the import process.
07 February 2020
If Raw material import from Singapore on DAP (Delivery at place) basis. than whether TDS Liability on Material cost as well as on custom duty and transport also?. Please suggest.