TaxTMI 
TaxTMI 
TaxTMI 
Advise require on Input as such (Export) to Subsidiary company
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....dvise require on Input as such (Export) to Subsidiary company<br> Query (Issue) Started By: - SANDESH SHINDE Dated:- 14-2-2017 Last Reply Date:- 18-2-2017 Central Excise<br>Got 7 Replies<br>Central Excise<br>Dear Sir, Please advise on the following queries : 1)If we are purchasing imported Raw material and then we are exporting the same Input as such to our Subsidiary company whether we can carr....
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....y out such Activity and to carry out such activity whether we can re-export such material directly to the said country. 2)Further if we are importing the said material to our Factory and from there we will export such Input as such without payment of duty under LUT, here whether we can avail the CVD and Addl CVD credit paid at the time of import and utilised the same for the domestic clearances. ....
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.... Thanks and Regards. Reply By KASTURI SETHI: The Reply: In my view it tantamounts to trading . Hence NO..There are specific reasons for input removal e.g. quality poor, rate dispute etc. You can not make it practice. Reply By KASTURI SETHI: The Reply: Accumulated credit can be utilized for domestic clearance, if the inputs are used for manufacture of final products exported. Otherwise not. Imp....
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....orted inputs removed as such for export, no export benefit available. Reply By MUKUND THAKKAR: The Reply: it is not mandatory to brings inputs first in india and than you have to export, you can export the same to other customer directly from the place of your over seas supplier. in such transaction your BL is very important documents. put your names as notify party. submit your invoice and pack....
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....ing list. and rightly said by Sh. Kasturi sethiji no any export benefit under this export. Reply By KASTURI SETHI: The Reply: Sh.Mukund Thakkar Ji, Thanks for completion of my reply as well as views. Reply By Ganeshan Kalyani: The Reply: Enriching discussion. Thanks. Reply By YAGAY AND SUN: The Reply: There is a thin line difference between Trading and Removal as such. Facts must be explo....
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....red to determine the exact category. Reply By KASTURI SETHI: The Reply: Dear Querist, Even hairline fracture (thin difference) does not allow body to function smoothly. It requires Doctor's advice, time and expenses for treatment.<br> Discussion Forum - Knowledge Sharing ....