We R doing Yarn Dyeing by purchasing in India & exporting to
Overseas, We can purchase the yarn against form H ?

Answer Posted / m rajashekar

in order get form h concession one need to export as it is ie only final goods without change in shape or form, in your case there is a change in the form of material (colour) hence your sale cannot be treated as deemed export

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Dear All, We are a trader and doing one E-1 sales. Supplier send the material by To-pay basis, we endorse the LR and sold to Customer. Customer has given the purchase order for Basic amount and freight amount also. That means we have to pay the freight and getting the reimbursement from customer. In E-1 sales Invoice can we show the freight amount separtely as freight ? Since the customer need the freight head should be shown separetly. Or can we raise the separate debit note for this. Is it create any tax implifications in E-1? Please claify the same at the earliest. regards Regards Thananjeyan.P

2082


In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap

1310


is there easy guide for the latest India tax & accounting information for 2010?

1623


CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

1962


What is the value of the Budget for 2009-10

1540






interest paid to bank rs. 15000 in connection with overdraft obtained for paying dividend.

3943


vat return dates for uttrakhand

2173


IF I RECD ANY BILL TOWARDS PRINTING OF FORMS, VOUCHERS AND ON SAME VAT IS CHARGED 5%, IS TDS IS ALSO APPLICABLE FOR THE SAME.

1412


How will you calculate house rent allowance (hra)?

630


when form h, form d, form 38, form h issu , what is the process of get it , who is the liable to get it , any % tax apply against issu this form, please give me answer on my e.mail sonidilip87@yahoo.com

2253


We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?

1480


please tell me friends what are the formats of excise return and vat return?

1684


WCT charged on firm or on proprietor?

1160


Making delivery challan is possiable between two branch of difference code

1678


Which form used for registration in GST?

918