Tax on Export-reg

[N Balachandran]

Sir,

The Foreign buyer has placed on 'X' company in Tamil Nadu  for supply of Pipes and Inturn 'X' company  places the Order on 'Y' Company in Tamil Nadu.  The Company 'Y' Tamil Nadu places the order on 'Z' Company in Maharastra for supply of the same.

The Billing will be  :  Z on  Y , Y on X and inturn Y on Foreign Cutomer.

Goods will be Despatched from Z to Foreign Supplier a/c Y & X

What will be the Duty and tax implication on this transactions?.   

Kindly clarify

Regards

 

N.Balachandran

 

 

AI Summary

Clarification Sought on Tax Implications for Multi-Tiered Export Transactions Involving Companies in Tamil Nadu and Maharashtra A discussion was initiated regarding the tax implications on a multi-tiered export transaction involving companies in Tamil Nadu and Maharashtra. Company 'X' in Tamil Nadu received an order from a foreign buyer and subsequently placed an order with Company 'Y' in Tamil Nadu, which then ordered from Company 'Z' in Maharashtra. The billing sequence follows from Z to Y, Y to X, and finally from Y to the foreign customer. Goods are dispatched directly from Z to the foreign buyer. The query seeks clarification on the duty and tax implications of these transactions. A response inquires if the issue has been resolved.