PLEASE TELL ME ABOUT WHEN NEGOTIATION BANK NEGOTIATES LETTER OF CREDIT,WHAT DOCUMENTS THEY SEND TO ISSUING BANK & WHAT DOCUMENTS THEY RETAINED.(FOR EXPORT THROUGH LAND CUSTOM)

Hi all,

One of my clients is importing material from its holding company, resident of Malaysia which in turn gets material from its supplier. Malaysian company had instructed its supplier to deliver goods directly to the India. And the customs duty is being paid by the Indian co. on that supplier invoice and imports the goods. However few days later malaysian holding company is sending the purchase invoice with its markup.So the purchase amount as per customs authorities and the purchase value in the books of accounts are differing. Kindly clarify how to resolve the issue.

Hello!!
Would like to understand import duty for Polypropylene PP(plastic)consumables meant for research labs.

Nandakumar
Bangalore

Dear all,
Can any one please tell me what is Focus Product Scheme in detail.

Waiting for reply

Thanks

Hi Sir/Madam,

We are in SEZ ( special Economic Zone)and our buyer was available in DTA sector bangalore , We have to ship our material to end customer(finland) of our bangalore customer. Payment will release by Bangalore customer to us with USD. Is it possiable to ship. Because if Bangalore customer will directly purchase means they have to pay duty , to avoid the duty this type of method they requesting , so kindly confirm whether its possible.

With Regards.
Arumugam

What is a Sale on Consignment ? How it is Accounted for.

How the same has to be shown in the stock and how to revalue for the same. kindly explain.

Sir

Please tell me about the refund of additional customs duty its implication on balance sheet

Dear Expert,

PLS CLARIFY CENTRAL EXCISE NOTIFICATION 3/2004 CAN BE USED FOR THE IMPORTED ITEMS AND WAIVER THE CVD.

IF YES PLS CLARIFY WHAT IS THE PROCEDURE.

Regards,
e.Madhan Kumar

CAN ARE1 CREDIT FOR EXCISABLE GOODS & DUTY DRAWBACK ON IT CAN BE CLAIMED AT THE SAME TIME WHEN THE GOODS IS EXPORTED OUT OF THE COUNTRY UNDER EXPORT SALE?

my company has exported goods and wants to claim duty drawback . however the input used are all indigeneous on whom excise duty has been paid and cenvat claimed. there are no imported raw material used in manufacturing the final product which has been exported.

can i avail the duty drawback?