24 July 2009
An Indian company procures orders for some electrical goods from, say US, and thereafter gets these products manufactured from Indian firms (located in the same state, say West Bengal)under its brand name and exports the goods to the US.
Whether the sale made by the local dealers to the Indian company is "Penultimate sale"? If not, what are the implication of this transaction as regards CST, VAT, Excise or Customs.
CAclubindia
