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Indirect tax

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Hello guys

I wanted to know if raw material componenets are imported for manufacture of laptop whether Basic custom duty will be charged and at what rate , whether Couter vailing duty will be charged and how is it computed  and the respective latest  rate as well (inclusive of basic custom duty or otherwise)

whether concessional CST against Form-C (2 or 3%) is not allowable in case these laptops are not further traded and used for offical purpose only?
What is the CST rate  (current)on sale of laptops from tamil Nadu incase Concessional CST is not applicable.

Whether CST will be calculated on the total value (Assesable value+Basic custom duty+Counter vailing duty) or only on assesable value exclusive of duty?

Replies (1)
Originally posted by : csamuktha


Hello guys

I wanted to know if raw material componenets are imported for manufacture of laptop whether Basic custom duty will be charged and at what rate , whether Couter vailing duty will be charged and how is it computed  and the respective latest  rate as well (inclusive of basic custom duty or otherwise)

RESPECTED MADAM, AS PER CURRENT FOREIGN TRADE POLICY2009-2014 PARA 2.8(III) SAYS THAT PERSON ARE EXEMPT FROM IEC CODE IF THEY ARE IMPORTING OR EXPORTING FOR PERSONAL USE / AGRICULTURE POURPOSE.

IF YOU ARE EXPORT- IMPORT FOR TRADING PURPOSE THUS DUTY WILL BE APPLICABLE , HOW MANY DUTY IMPOSED THIS SUBJECT TO PROVIDE ME ITC CODE SO THAT I ASSIST YOU ABOOUT PROVIDING THE CUSTOM DUTY AS WELL AS ALL DUTY MENTIONED BY YOU.

whether concessional CST against Form-C (2 or 3%) is not allowable in case these laptops are not further traded and used for offical purpose only?
What is the CST rate  (current)on sale of laptops from tamil Nadu incase Concessional CST is not applicable.

NOT APPLICABLE CST RATE AT THE TI,E OF EXPORT AND IMPORT.IF YOUR COMPANY IS SEZ / 100% EOU UNIT THEN IT WILL REFUNDED YOU AS PER PROVIDION LAID DOWN IN FTP 2009-2014.



Whether CST will be calculated on the total value (Assesable value+Basic custom duty+Counter vailing duty) or only on assesable value exclusive of duty?

 

N/A CST ADMISSIBLE IN CASE OF EXPORT IMPORT.



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