Debit / Credit Notes-Container Detention Charges

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..... One foreign supplier will compensate us towards container detention charges. Should we require to raise Debit Note or They will raise Credit Note. Any Tax -customs duty impact with HSN code. Please g .....

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..... uide Rgds - Reply By YAGAY andSUN - The Reply = In our view, it is the supplier responsibility to issue a credit note. Further,if such reimbursement is incorporated in the agreement then no custom .....

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..... s duty will be paid by you on such receipt. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views of Yagay. - Reply By JAYANTA BANDYOPADHYAY - The Reply = Many thanks Sirs for gui .....

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..... dance One point is not clear- Why there will be customs duty on compensation amount (towards detention cost of container beyond 5 days free time). Based on Shipping Line's claims, Foreign exporte .....

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..... r will issue credit note on Indian importer and remit the amount by TT mode. Here how Customs Dept will fit in to . They will not come to know about this commercial decision. there could be income tax .....

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..... / GSt issue -that you may please guide me. Rgds - Reply By KASTURI SETHI - The Reply = Compensation is not income. - Debit / Credit Notes-Container Detention Charges - Query Started By: - JAYANT .....

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..... A BANDYOPADHYAY Dated:- 29-7-2020 Customs - Import - Export - Customs - SEZ - Got 4 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management .....

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..... India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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