There is recent judgements from Mumbai and Gujarat High Courts against imposition of stamp duty on ‘Bills of Entry’ on import of goods.
As per newspaper, an importer has to pay a 0.10% levy on the total assessed value of goods, under the Maharashtra Stamp Act, on the Bill of Entry.
Is it true and then how it is recovered from importer?
Kindly guide.
Sincerely yours
Jayanta Bandyopadhyay
20.2.22
CAclubindia
