Wheather capitalexp or revenue exp.
This query is : Resolved
01 September 2011
Initially the materials was imported without payment of custom duty.
Due to non fulfillment of installation condition within three years,
DGFT demand the customs duty suppose Rs. 100/-
Interest was also demanded for entire period which comes to Rs.15/-
What will be treatment of both expenses?
Due to non fulfillment of installation condition within three years,
DGFT demand the customs duty suppose Rs. 100/-
Interest was also demanded for entire period which comes to Rs.15/-
What will be treatment of both expenses?
01 September 2011
failure to install the capital goods within the prescribed time frame,
reasons for such failure?
as there is provision for extension of time limit, without the exact status its not wise to comment on such issues.
reasons for such failure?
as there is provision for extension of time limit, without the exact status its not wise to comment on such issues.
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