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Sale of DEPB

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(Querist)
16 July 2009 Sir,

Please let me know whether sale of DEPB LICENCE attract vat @4% under DVAT.

Is DEPB licence is goods under the DVAT ACT,


AMRITESH
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Rajesh Kumar

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Rajesh Kumar (Expert)
18 July 2009 Yes. It is goods liable to VAT. Further, income generated through sale of DEPB is also taxable under Income Tax.

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