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IMPORT OF FREE ISSUE MATERAL-Required Procedure

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..... IMPORT OF FREE ISSUE MATERAL-Required Procedure
Query (Issue) Started By: - HITENDRA DAVE Dated:- 26-7-2010 Last Reply Date:- 1-8-2010 Customs - Exim - SEZ
Got 1 Reply
Customs
Dear Sir, W .....

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..... 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 .....

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..... ) 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 .....

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..... 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 - .....

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..... 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 .....

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..... 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 .....

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..... rvice tax on the impugned activity would become easy to decide.
Discussion Forum - Knowledge Sharing .....

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