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.

Follow Query

Report Abuse

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.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now