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cin in trading business

hi,

In case of trading business- i.e computer purchased from foreign country and sold in india , in such scenerion is excise duty and maintaining cin is nessasary

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3 Answers

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    Former Member
    Sep 03, 2007 at 01:30 PM

    Hi

    Well this is a very Hazy Question , as it all depends on how the company wants to take the business

    Now there can be two normal senario here

    1. The company has its own subsidary or Branch and and it manufactures/buys from its own subsidary and it need not consider the Duty if the duty is already paid in Foreign country ( Here you might need to pay the Excise but not CENVAT as you have not manufactured it here in india)

    2. U get parts and assemble here and then its been sold as part of selling done from india then defiantely you will need to pay the relevant duties

    Hope your question is answered

    Cheers

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    Former Member
    Sep 03, 2007 at 02:02 PM

    If it has helped please Reward

    Cheers

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    Former Member
    Sep 03, 2007 at 02:22 PM

    hi

    No need to pay excise dduty,INDIA government impose COUNTRY VELLING DUTY (CVD) on imports. Excise duty only on manufacturing products, IF u manufacturing goods in INDIA. u have to pay excise duty when u r despatching goods from the plants , whether it is for sale or your own purpose u have to pay excise duty

    REWARDS IF USEFUL

    rAJ

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