Sir,
We aer Engginering Manufacturing company ( A ) & we have got one Order from USA ( B ) . B company wants to despatch this material to C which is Indian company .
We got order from B in US dollar and paymen also received from B company in dollar . A company all documentation in the name of B company and material supply to C company .
Please guide in this case we have any Excise duty liability and also guide commercial trasaction as per legally .
With Regards,
SNEHAL SHAH
Indian Engineering Firm Seeks Guidance on Excise Duty for U.S. Dollar Transaction with Deemed Export Benefits An engineering manufacturing company in India received an order from a U.S. company to dispatch materials to another Indian company. The transaction involves payment in U.S. dollars, and all documentation is in the name of the U.S. company. The query seeks guidance on excise duty liability and legal aspects of the commercial transaction. The response suggests that the company may benefit from deemed export status and terminal excise duty benefits. (AI Summary)
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