TaxTMI 
TaxTMI 
Dear sir,
I export material to SEZ unit under LUT but in tax invoice i added the Excise duty so what to do?
Tax Invoice
13 Sep 2010 
1 Reply 
1051 Views Asked by
Export to SEZ under LUT may require correction of tax invoice and VAT adjustment if excise invoice shows nil duty
Export to a Special Economic Zone under a Letter of Undertaking may require correction of a tax invoice if excise duty was mistakenly shown. Whether an excise invoice was prepared and whether duty was paid controls the remedy. If an excise invoice reflects nil duty under LUT, the taxpayer may correct the tax invoice copy and adjust VAT on the original goods value. (AI Summary)
Export to a Special Economic Zone under a Letter of Undertaking may require correction of a tax invoice if excise duty was mistakenly shown. Whether an excise invoice was prepared and whether duty was paid controls the remedy. If an excise invoice reflects nil duty under LUT, the taxpayer may correct the tax invoice copy and adjust VAT on the original goods value. (AI Summary)