An end user in SEZ area has placed order on an India Company in Indian Rupee. The Indian company is importing the material but not doing any value addition. In that case can the company bring the material from customs without paying customs duty, CVD and additional duty to their customs bonded godown and supply to the customer in SEZ in India and raise the invoice in Indian rupee?
Menu
Supply to SEZ
Replies (3)
Yes they can get the goods without payment of customs duty.
Thank you very much for your reply. Can you please advise document no and specific para/ clause no. to refer to ?
Basically when the goods are imported the duty is to be paid when the goods are cleared from the warehouse.
In the present case the importer can endorse the name of the SEZ company on the bill of entry and the SEZ company can clear the goods without payment of duty.
Recent Topic
- Itr schema a.y 26-27 v/s form no.16
- Advance Tax for senior citizen with small speculat
- Zero income tax on Capital Gain on sale of house p
- Rental income calculation for 12months
- PF Withdrawal before completing 5 years
- Discrepancy in "Processed By Source" and
- Dilemma of Indian Dependant Housewives
- TDS console file not open in RPU 1.1
- ITR 3: BFLA schedule not correct
- Dividend on foreign stocks in ITR2
Related Topics
CAclubindia
