Category: Customs

How can I file Application for reduced rate of withholding tax on Import of raw material?

You can file Application for reduced rate of withholding tax on Import of raw material on Iris, as under: The taxpayer will e-file a single “(Application u/s 159(1) / 148 for reduced rate of withholding tax on Import) (FOR QUOTA ALLOCATION)” for the whole year. The taxpayer will indicate his overall annual requirement of raw material, including HS Code(s), quantity of raw material consumed during previous year and quantity of raw material required during current […]