TMI BlogBogus Sales PurchaseX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, As my company trade in Duty free transferable licenses in Maharashtra where 4% is VAT , above Duty free transferable licenses We explain how this duty free transferable licenses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are traded as it s generated by the Exporter of the goods and if they can t utilized against their import they sold to the importer at certain discounted price through broker or trader. Duty free ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... transferable licenses issue by Jt. Director General of Foreign Trade which comes under Ministry of Commerce and all Duty free transferable licenses had unique identification no i.e licences no. tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t identification of goods . Duty free transferable licenses verified and utilized by Custom department which comes under Ministry of Finance. Duty free transferable licenses details are available ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... online from issue to utilize. ITO issue us a notice that our purchase are bogus and from one of the trader ( in our chain ) say that he made only entry bt our sales and purchase also get VAT refund ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the same transition What we have to do - Bogus Sales Purchase - Query Started By: - Kalpessh Daftary Dated:- 6-3-2015 Income Tax - Income Tax - Discussion Forum - Knowledge Sharing, reply po ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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