TaxTMI 
TaxTMI 
Human Hair/Wigs
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....uman Hair/Wigs<br> Query (Issue) Started By: - RAHUL MALHOTRA Dated:- 16-7-2014 Last Reply Date:- 16-7-2014 VAT + CST<br>Got 5 Replies<br>VAT / Sales Tax<br>Sir, My client wants to start local trading as well as export of Human Hair/Wigs. I want to know whether it is taxable under delhi value added tax and what are export benefits and duty on the same? Regards Rahul Reply By Pradeep Khatri: T....
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....he Reply: Dear Rahul, Human hair and wigs would attract 12.50% VAT under DVAT Act, 2003 as it is unclassified item under the tax schedule. Further, please check on the following link for details. http://versatilepublishers.com/deter/sumeet.pdf Further, you may also seek clarification from the DVAT Department under Section 84 of the DVAT Act. Regards Team YAGAY and SUN (Management and I....
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....ndirect Tax Consultants) Reply By RAHUL MALHOTRA: The Reply: Thanks for ur early reply.. If i will export wigs than what duties i have to pay?? Reply By Naveed S: The Reply: Hair wigs falls under chapter subheading no. 67042010 of Customs Tariff Act,1975. No duty for export of hair wigs. Reply By Pradeep Khatri: The Reply: Dear Rahul, In addition to reply submit by Mr. Naveed, we do hereby....
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.... clarify that there would be no VAT/CST chargeable under DVAT Act,2003 in case of export of wigs. You would have to check the export policy in this regard that whether it is free, restricted or prohibited. At the time of VAT/CST assessment you would have to submit following documents duly certified by your Authorized signatory to the DVAT Authorities to claim the export benefits, viz:- * Export....
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.... Invoice along with Packing list (photocopies). * Shipping Bill (Export Promotion Copy) (photocopy). * Bill of Lading (photocopy of non negotiable copy). * Bank Realization Certificate (photocopy). Regards Team YAGAY and SUN (Management and Indirect Tax Consultants) Reply By RAHUL MALHOTRA: The Reply: Thanks.<br> Discussion Forum - Knowledge Sharing ....