Dear Experts,
I am working in a manufacturing co, which purchases raw material from within India and exports the finished goods under LUT and under claim for Rebate after debiting the excise duty.
I want to know whether we can claim duty drawback in addition to the rebate of Duty paid. If yes please let me know the Section/Notification under which we can claim rebate of duty and duty drawback as per duty drawback Schedule annexed to the notification no.92/2012.
Please reply,
Thanking you in anticipation,
Dear sir,
We have exported 25 MT. Di calcium Phosphate which is manufacture from phosphoric acid. now in DBK -1 statement whether i have to give a unit qty. of Phosphoric Acid required for manufacture of 1 MT Export product or for whole consignment i.e. 25 MT.
also suggest that whether i have to file separate brand rate application for each shipment for the same product.
Waiting for your prompt reply
Dear Sir,
Greetings from Vimal-GUJARAT
How are you? Hope well.
I have query on ITC HS code of Product.
We are about to finalized the Export order of PVC Artificial Leather from Sri Lanka.
We are registered with Central Excise Unit under Chapter 5903 as a Coated Fabrics.
Buyer is asking to write HS CODE of PVC Artificial Leather: 392112 as there is High Import Duty on Product under Chapter 5903 and low duty on Chapter 3921.
If we change our Chapter for 5903 to 3921 then it is going to affect our domestic market bcoz Central Excise Duty on Chapter 5903 is 10 % where as on 3921 is 12 % on domestic Sale. However this duty is not making any difference in Export as there is no Excise duty on Export but it is going to affect on Domestic Sale as it will increase 2% Duty if we use HS Code 3921.
DBK % under HS CODe 590303 is 4.4 % where as under 3921
Now my queries are;
01. Can we use HS Code: 392112 while export the PVC Artificial Leather, in case of direct export?
02. Can we shall to merchant Exporter under CT-1 and H From under Chapter 5903 and Exporter use HS CODE 3921? Is it Permissible? Shall we mention 3921 as a Product HS Code in case of merchant Export?
Waiting for your kind guidance.
Thanks & Regards,
VIMAL
Dear Sir
I have exported laboratory plasticware in last year 3 times and forgot to file the prrof of export. What are the implications for filing the same now.
Also while filling the BRC form I have come across two problems.
1. The amount credited by bank in my account is less than then amount deposited by my customer in foreign currency.
Please advise how to show this cut by bank in the BRC and also which conversion rate have to be used in which column. As i have two rates, on the FIRC and second on the exchage control copy.
Please advise the same as soon as possible.
Akhil
Dear All
Please provide me List of Country where GSP and COO apply separably
pankajsingh4246@gmail.com
Sir,
We are working in SEZ unit.We have procured some material which has got rejected in two stages one in at Inward inspection stage and second is Inporcess.How we can send back the materail to supplier.
We are 100% EOU Unit we are clearing goods to DTA on the payment of Applicable Duty
Duty Structure Like this
1.BCD- 10% 50% exemption
2.CVD- 12%
3.Edu cess-2%
4.SHE cess-1%
5.Edu cess -2%
6.SHE cess- 1%
which are the duties in mentioned above are eligible CENVAT Credit?
What documents will be require for importing the oilfield equipment from china & US.
I am working as a businessman & company employee
Dear Sir,
I shall be highly obliged if you help to resolve my following query;
As per FTP, annual return is to be file to the Jt DGFT for annual export under EPCG scheme.
If any person not submit annual report to the Jt DGFT but complete the export obligation with in given time under the license term.
Can DGFT wave the penalty procedure for non submission of annual return.
Thanks & Regards
I HAVE TO SUBMIT APPLICATION FOR BRAND RATE FIXATION UNDER RULE 6 OF DUTY DRAW BACK RULES, 1995. I AM LITTLE BIT CONFUSED ABOUT WHAT DATA SHOULD FURNISH IN DBK-I STATEMENT
KINDLY SUGGEST.
THANKS & REGARDS.
ARVIND JOSHI.
Duty draw back