EXPORT SALE

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2011 HI EXPERTS,
SIR MY CLIENT HAS MADE EXPORT SALES IN F.Y.2008-09.(DEALER IN FERROUS NON FERROUS METAL- C 54 )MY QUERY IS, SHOULD MY CLIENT RECEIVE FORM H AGINST EXPORT SALES.& IF HE DOES NOT RECEIVE ANY FORM THEN WHAT WILL BE THE LIABILITY UNDER MVAT ACT 2002?I HAVE TO CHARGES TOTAL 4% TAX AGAINST NON AVAILABILITY OF FORM H?

ITS URGENT
THANKS

B R Ramesh

B R Ramesh (Expert)
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05 March 2011 Hi

if the export is direct then you need not apply for the H form.

H form is applicable only if it is deemed exports.

deemed exports means the material sold to a local/interstate party after that the same party will going to export the goods directly.

if the H form is not submitted then it is local rate of tax i e 4%.