Calculation and provision of entry tax rules

[Hareesh DM]

Our New company is put up in Tumkur in the year 2006-2007. We have imported so many machineries from our parent company Germany. I think we have to pay the Entry tax.So that kindly let me know the answere for the below Queries. 1. What are the entry tax rules? 2. On what basis we have to pay this? 3. What is the lead time for this? 4. How to calculate this? 5. Is there any amendment in budget 2007 for this?

[Surender Gupta]

If your question is related to local state tax, you are advised to consult some consultant who is expert in such local taxes.

AI Summary

Entry tax rules for imported machinery queried; guidance limited to consult local state tax expert for applicability and calculation. Query on applicability and calculation of entry tax for machinery imported from a parent company abroad: asks rules, legal basis for payment, lead time, calculation method, and any 2007 budget amendments. The sole reply advises consulting an expert in local state taxes, without providing statutory detail or calculation guidance.