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Human Hair/Wigs

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..... Sir, My client wants to start local trading as well as export of Human Hair/Wigs. I want to know whether it is taxable under delhi value added tax and what are export benefits and duty on the same? Regards Rahul - Reply By Pradeep Khatri - The Reply = Dear Rahul, Human hair and wigs would attract 12.50% VAT under DVAT Act, 2003 as it is unclassified item under the tax schedule. Further .....

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..... , please check on the following link for details. http://versatilepublishers.com/deter/sumeet.pdf Further, you may also seek clarification from the DVAT Department under Section 84 of the DVAT Act. Regards Team YAGAY and SUN (Management and Indirect Tax Consultants) - Reply By RAHUL MALHOTRA - The Reply = Thanks for ur early reply.. If i will export wigs than what duti .....

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..... es i have to pay?? - Reply By Naveed S - The Reply = Hair wigs falls under chapter subheading no. 67042010 of Customs Tariff Act,1975 . No duty for export of hair wigs. - Reply By Pradeep Khatri - The Reply = Dear Rahul, In addition to reply submit by Mr. Naveed, we do hereby clarify that there would be no VAT/CST chargeable under DVAT Act,2003 in case of export of wigs. You would have .....

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..... to check the export policy in this regard that whether it is free, restricted or prohibited. At the time of VAT/CST assessment you would have to submit following documents duly certified by your Authorized signatory to the DVAT Authorities to claim the export benefits, viz:- Export Invoice along with Packing list (photocopies). Shipping Bill (Export Promotion Copy) (photocopy). Bill of Lad .....

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..... ing (photocopy of non negotiable copy). Bank Realization Certificate (photocopy). Regards Team YAGAY and SUN (Management and Indirect Tax Consultants) - Reply By RAHUL MALHOTRA - The Reply = Thanks. - Human Hair/Wigs - Query Started By: - RAHUL MALHOTRA Dated:- 16-7-2014 Value Added Tax - VAT-CST - Got 5 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, repl .....

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..... y post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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