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Tax on Inbond sales-reg

VAT and Sales Tax - Started By: - N Balachandran - Dated:- 24-6-2015 Last Replied Date:- 5-7-2015 - Sir, We are Chennai based company and received the order from Customer who is located in Karnataka for supply of goods to be procured from outside India. The condition given by Customer is this goods are eligible for import under Project imports against the project authority Certificate to be issued by them. We plan to import goods against their order and keep it in the bonded warehouse by filing .....

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act any Sales tax or not? 3. Duty Assessed on the value of Foreign supplier is Correct as per the customs valuation rules 4. Commercial invoice being raised on Customer with higher value than the imported value is acceptable I shall be thankful if you could kindly clarify the above with relevant provisions and judgement pl Regards N.Balachandran - Reply By Rama Krishana - The Reply = You have mixed two issues having different scope. One is for Customs - it involves warehousing, valuation and rat .....

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