I am working in Auto Ancilary industry. Here We have been procuring Moulds that cost will be reimbursedby Customer without any Physical movement to customer by transfering ownership by way of invoices only.
Our customer is a Direct exporter he insisted us do not put Excise duty/VAT on these invoices since there is no physical movement of goods exists.
25 December 2011
if the goods procured are exclusively used for export items (either by manufacturer or through a merchant exporter) , these goods can be procured without payment of duty under notification No. 43/2001 -CE (NT).
24 December 2015
Thanks for your reply. But this transfer of mould is only change the ownership of goods and it is not intent for export. Please clarify accordingly
CAclubindia
