Hi,
We have a situation where unit R is a Indian company and involved in international trade. Can R trade the goods bought from country A to country B without entering Indian port in the form of import or export. In this case, is there any taxes associated except firm's income tax?
Thanks in advance
In this case both VAT and customs duty should not be applicable,because,these laws are enforceable within the borders of India only.If the traded goods do not enter the border limits of our country no levies can be made on such transactions......mjk
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
