Duty paid for imports (Excise)

This query is : Resolved

R.Chandran

( Author )
20 June 2012

DEAR ALL,
WHEN WE IMPORT RAW MATERIALS WE WILL PAY CUSTOM DUTY BEFORE MARCH 2012 AS 10% 2% 1% 2% 1% AND 4%. AT THAT TIME WE PASSED THE EXCISE DUTY TO THE BUYERS AND GET THE DUTY WHAT WE HAD PAID. NOW A DAYS WE ARE PAYING CUSTOM DUTY AS 12% 2% 1% 4%. IN THIS AMOUNT WE ARE PASSING ENTIRE AMOUNT TO THE BUYERS. BUT SOME IMPORTERS ARE PASSING ONLY 12% AND 4%. IN THIS CONNECTION I AM GETTING CONFUSED. THE EXCISE PEOPLE TOLD THAT YOU CAN PASS THE CUSTOM DUTY WHAT EVER YOU HAVE PAID AS IMPORT DUTY. DON'T POTHER OTHER'S ACTIVITIES . WHICH IS CORRECT. PLEASE HELP ME

RAMESH KUMAR VERMA

( Expert )
20 June 2012

because after budget the excise duty rate increased .

pls send in FORUM>CUSTOM your scanned copy of Bill of entry as well another party ITC CODE. so that after examine reply post here.

Regards,

R.Chandran

( Author )
02 July 2012

THIS IS NOT THE ANSWER FOR MY Q. I KNOW VERY WELL THE CUSTOM DUTY HAS INCREASED. I WANT TO KNOW WHETHER WE CAN PASS OR NOT THE 2% AND 1% TO THE BUYERS

RAMESH KUMAR VERMA

( Expert )
02 July 2012

sir,

after budget the excise duty rate increased .

pls send in FORUM>CUSTOM your scanned copy of Bill of entry as well another party ITC CODE. so that after examine reply post here.