23 February 2011
Dear all, We are importing one material from china, but we are selling it to our client, we are now registered under excise, whether in this transaction we have to collect excise or not
23 February 2011
No excise duty for imports. But when you import the customs authority may impose CVD which will be equal to excise duty in India.
In fact the CVD components can be treated as input under CENVAT Credit rules and is available for utilzation. Hence no need to collect excise duty but VAT or other tax may have to be collected
CAclubindia
