Dear Sirs
We are engineering company in maharashtra and We have received an order from an foreign company based out side india to supply certain materials to be supplied in SEZ terittory in India. The foreign company is not registered in SEZ or any where in India for Cental Excise and Sales Tax. We have also received the advance in foreign currency through proper channel - with reasons as advance for exports.
Now suppose if the materials are despatched to SEZ area and billed to foreign party, whether it will be treated as export / deemed export and for which whether we can remove the goods from the factory without payment of duty and taxes.
What should be the remedy to save duties & taxes as the buyer is has cleary said in their order that the material has to be delived in SEZ area hence no duties and taxes applicable.
Kindly help & guide suitably the action / precaution to be taken while despatch.
Regards
Ravi Mishra
CAclubindia
