TaxTMI 
TaxTMI 
Is it legal to export goods outside India without import the same goods in India? what documents is necessary for availing this benefit? and Is there any taxability arises?
Merchandise trade or high sea sales?
11 Mar 2014 
3 Replies 
6651 Views Asked by
Sale outside country: no domestic tax but VAT/CST reporting, documentary proof required, and FEMA compliance advised.
Transactions where goods are exported without importation in India are treated as sales outside the country and do not attract domestic tax but must be reported in VAT/CST returns. Key documentary proof includes a Bill of Lading (or Airway Bill for air shipments), import and export invoices, high-sea sale/purchase agreements and bank remittance records. Compliance with FEMA and consultation with the Authorized Dealer or RBI is recommended to ensure regulatory conformity. (AI Summary)
Transactions where goods are exported without importation in India are treated as sales outside the country and do not attract domestic tax but must be reported in VAT/CST returns. Key documentary proof includes a Bill of Lading (or Airway Bill for air shipments), import and export invoices, high-sea sale/purchase agreements and bank remittance records. Compliance with FEMA and consultation with the Authorized Dealer or RBI is recommended to ensure regulatory conformity. (AI Summary)