form 403 for interstate sale

[Guest]

Dear Sir

We have been buying lables form Avery Dennison / bangalore for our garment unit at Daman.

Till 06.02.15 we were receiving the parcels from them in Daman, today suddenly they (AveryDennison) is asking for form 403, pl advise what to do.

Regds

[YAGAY and SUN]

Dear Ashish,

It is compliance issue. It is statutorily required to accompany goods alongwith way bills i.e. VAT Form 403. Please procure it from the concerned VAT Department and provide to AveryDennison. Be cautioned that VAT Form 403 must be filled in all respects otherwise hefty penalty can be imposed by the VAT Department, if caught by the flying squads.

Regards

Sameer Malhotra - Consultant

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)

AI Summary

VAT Form 403 requirement: interstate consignments must carry a completed form with waybills to avoid enforcement penalties. Interstate consignments must be accompanied by VAT Form 403 as part of waybill documentation and furnished to the supplier; procure the form from the relevant VAT Department and ensure it is fully completed to avoid penalties and enforcement action by VAT authorities.