My question is regarding use of JJ form for repair or labour work only. Is company X send some tools to company Y using JJ Form and Y delcares the tools as irrepairable and scrapable. X agrees and ask Y to destroy the tools at their end. Y sends back only the papers including JJ form statting that material irrepaiable and destroyed. In this case, will there be any Tax ( Vat or Excise) implication to X.
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