TMI BlogIMPORT OF FREE ISSUE MATERAL-Required ProcedureX X X X Extracts X X X X X X X X Extracts X X X X ..... IMPORT OF FREE ISSUE MATERAL-Required Procedure X X X X Extracts X X X X X X X X Extracts X X X X ..... e have one order to be executed at our Unit under the following Conditions : Customer will issue us required Free Issue Material for working. We will undergo for a Fabrication work (Labor Charges Only ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) at our shop (without any material belonging to our ownership, not even consumables). We will bill them only for Labor Charges. We require your advise on following ground : We are the complications i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n nature of Excise & Custom formalities for import of Free Issue material and Export of Finished Product. What is the regulation in terms of Service Tax because we are billing them for labor charges - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Whether Service Tax will be leviable or not ? Regards, Hitendra dave Reply By Surender Gupta: The Reply: Your issue needs to be visited in detail since it is to be ascertained the nature of transa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction. It is required to be ascertain that the resulting product / finished goods are in the nature of manufacture and excisable product or not? Once this issue is ascertained, the issue of levy of se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rvice tax on the impugned activity would become easy to decide. X X X X Extracts X X X X X X X X Extracts X X X X
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