duty free and duty exempted
This query is : Resolved
22 June 2009
is there any difference between
duty free goods and duty expempted goods
pls explain and advice
Thanks & regds
RK Saini
duty free goods and duty expempted goods
pls explain and advice
Thanks & regds
RK Saini
CA.Hanumantha Reddy
(Expert)
22 June 2009
Yes, there is a difference between these two. Duty free goods mean procuring goods without payment of duty (ex. EOU can procure goods from DTA by producing CT-3 document). In case of exempted goods mean goods which are liable for duty have been exempted either whole amount of duty or partially for limited period.
Hope the above clarifies you
Hope the above clarifies you
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