Vat credit on packing material used for banana export.
This query is : Resolved
15 July 2016
sir, we are exporting banana fruits to abroad and for that using packing material. We are paying vat on purchase of boxes which are using for packing. our consultant says that we will get input credit of vat on boxes and can claim refund. Banana is a schedule A goods (tax free) plz guide me.
16 July 2016
If you are buying packing material to pack banana for export you can issue 'H' form and make tax free purchase.Of course you can claim ITC benefit or even refund also.......mjk
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