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Custom on branch transfer of goods outside India

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2010 A gold wholeseller-trader has its branch in Dubai. Pls guide whether custom duty apply if the company transfer gold to its branch at Dubai.
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Ashok Asthana

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Ashok Asthana (Expert)
20 June 2011 Yes. The duty is payable, if applicable even on branch transfers.

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