What about the Customs & Excise duty ?
This query is : Resolved
16 May 2008
Dear Sir,
We are 100% EOU of GRANITE EXPORTS
and we have one own quarry also.
We are taking the raw material from that quarry around 60% and 40% of the material we will sell to DTA.
then What about the cusoms and excise duty on that one.
Pls Explain to me.
We are 100% EOU of GRANITE EXPORTS
and we have one own quarry also.
We are taking the raw material from that quarry around 60% and 40% of the material we will sell to DTA.
then What about the cusoms and excise duty on that one.
Pls Explain to me.
CA Anand Sarda
(Expert)
20 June 2008
there is no need to pay custom duty and excise duty on 60 % portion and remaining 40% material which was cleared to DTA, u need to pay excise duty by using the formula.
13 November 2008
I think, anand is right on this
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