LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Senthil Mudaliar (Asst.Manager Exim)     09 May 2011

Sales Transaction after Import

Dear Experts,

We are subsidiary company of headquarters based in germany. We are going to import from our parent company and want to re sale the same material to our customer based in india.

Our products are Flavors and Fragrance which is used as raw material to some of bakery and other industries.

Kindly advise me for billing methods to be followed.

Regards

Senthil

9974130996



Learning

 3 Replies

Asha Pole (Legal)     10 May 2011

If you are referring from tax perspective, then yes indeed you will have to charge Vat on the sale price of the product at the time of billing. Though I am not sure about the exact rate, but I assume the vat applicable on such product is 20%.

karinabartram (klhgy5ryt)     11 May 2011

You must be aware of the financial risks that you will be assuming in each type of export transaction. Study each step involved in the fulfillment and payment process.

_________________________

Miami Real Estate Attorney | Real Estate Attorney Miami

Shayan Khan (B.com)     13 May 2011

VAT @ 20 % is available on Liquor items... please get it identified under which shedule your artical falls in order to determine the VAT rate.

VAT is to charged to the buyer at the specified rate at the point of sale.

u may claim exemption to a specific limits under VAT based on ur location...


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register