pintu ( Executive) (174 Points)
24 October 2013WE SUPPLY GOODS TO A UNIT UNDER DEEMED EXPORT. THE PARTY'S TERMS & CONDITION SAYS THAT ' SELLER SHALL CLAIM TERMINAL DUTY BENEFIT FROM DGFT. BUYER WILL NOT CLAIM CENVAT AGAINST THIS INVOICE.
I WANT TO KNOW WHAT TERMINAL DUTY HE IS TALKING ABOUT. IS IT ON INPUTS OR FINISHED GOODS.
hanamshet
(CONSULTANT)
(176 Points)
Replied 22 February 2015
Terminal duty is the duty paid on the finished goods supplied to SEZ/EOU which isshown in the invoice butnot recovered from the buyer. This duty is refunded by DGFT Please refer Chapter 8 of export/iprt procedure.
pintu
( Executive)
(174 Points)
Replied 11 May 2016
CAclubindia
