11 October 2008
Dear Sir, We have a case relating to EOU. Let me explain my doubt with an example. Our EOU have imported goods say @ Rs.41 per $, now our EOU wishes to sell the two-fifth of the quantity of materials to another EOU. Assuming that if the price of dollar has gone up to say Rs.47 per $.
1) Whether the transaction between these two EOU can be carried out in dollar terms? 2) Whether the goods can be virtually re-exported (Purchase return) to the Original supplier in abroad only by means of paper and the original supplier may in return issue a invoice in favour of the EOU who wishes to purchase the material and the goods will be originally removed from our EOU? 3) How the transaction between these two EOU can be carried out? Plz clarify my doubt quickly. U can also reply to me on sr.sridhar85@gmail.com!
CAclubindia
