Which form is for deemed export???
This query is : Resolved
anil ambardekar
(Querist)
14 March 2010
I hv a manufacturing unit for rubber parts.
My VAT case question is for following transaction:
I have an export order.
The buyer wants me to raise the invoice on their company & the payment would be in foriegn currency through bank.
The buyer wants me to deliver the material to another company say "X" having unit within maharashtra & outside maharashtra.
My product would be used by the "X" company in their main product & then they will export to the foreign buyer.
How would be the VAT application for transaction to my company?
My VAT case question is for following transaction:
I have an export order.
The buyer wants me to raise the invoice on their company & the payment would be in foriegn currency through bank.
The buyer wants me to deliver the material to another company say "X" having unit within maharashtra & outside maharashtra.
My product would be used by the "X" company in their main product & then they will export to the foreign buyer.
How would be the VAT application for transaction to my company?
Amit Bajaj
(Expert)
14 March 2010
In your case the sale made to the X company who will be exporting directly to the exporter, will be a penultimate export sale transaction and such transaction would be covered by H form and no VAT or CST shall be leviable on it
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