Central sales tax act, 1956
Sanjay Dhavane
(Querist) 08 July 2012
This query is : Resolved
My client effected sale of Plant & M/c to foreigh buyer in F.Y.2006-07. The said foreigh buyer done payment in foreigh currency in said financial year. The said goods was physically exported out side India in F.Y.2008-09 due to other paper works. Can my client's cliam of export allowable in F.Y.2006-07? Kindly give expert comments of said transation.
R.RAJENDRAN
(Expert) 09 July 2012
U/s 5(2) of the CST Act'56, you must co-relate the physical export with the export sales effected by you in the year 2006-07, by producing the shipping documents, foreign buyers contract, your invoice, and the connected bill of lading etc to the authorities prescribed in the act, in order to claim exemption.
R K JAIN
(Expert) 21 July 2012
The sale is made during the year 2008-09 since the goods are physically exported in 2008-09. There is no question of export sale during the year 2006-07 since the goods did not move during the year 2006-07.
