Sir,
I am planning to import some of the upvprofile scrap from UK and CHINA it contains plastic doors and windows some rubber is attached on the doors and some iron rods are inside the doors and windows. What is what all things i need to do to get a clear delivery from both the countries. As its my first time in dealing international, so i am a bit scared, so kindly help me with this sir.

Best Regards
Vaibhav

Dear Sir,

we are the regular importers of the membrane. we are selling to the different parts of the country under CST 2% against form c.

Pls clarify that we can apply for the sad refund because we are paying only 2% which is less than 4% of sad.

Pls clarify that we are eligible or not.

dear all,

i would like to know what is the accounting entries fir SAD 4% refund?

1) In 4% SAD refund, It is clearly mentioned that it should not be pass on to the customer. It means Importer should not consider 4% SAD in the Import cost sheet & as well as Import Purchase account.The same amount should show as SAD receivable at the time of TR6 duty paid.)

2) within 12 months of Tr6 paid, we can file SAD refund. Before SAD refund it is cleared that SAD refund receivable should show at time of Tr6 paid.

3) If actual SAD refund received 90% it is based on sales & balance 10% SAD refund not received then same can be written off as Expense which is allowed.

Someone argued on the subject & informed against the subject as said below-

1) According to him that we can show SAD amount in the Import cost sheet and accordinlgy can show in Import Purchase account.

2) According to him, SAD refund receivable should show at the time actual refund application only ( It means current year SAD refund would be shown in next year as refund application would be applied in between 11 to 12 months)

Entry
Debit SAD refund receivable A/c & Credit Purchase rebate,claim & discount a/c under Purchase group.


I have mentioned that his system is incorrect-

1) We are breaking laws as SAD refund amount should not be pass on to the customer so it should not be Included in the Import cost.
2) Inventory chart will not tally ( Inventory & Ledger & It will require reco at the year end.)
3) Vat & Cst reutrn to be revised as Net shell of Purchase would be changed.
4) If receivable not shown at the time Tr6 duty paid then it would be disallowed to get refund.

please inform me the correct tally entries

Sir,

Shall we claim DRAWBACK AND FPS Scheme for every shipment if we eligible?

Sir,

We are interested in dealership of hot & cold rolled coil, we would like to import the said products.
Please let us know the formalities to import, as far as we know there is anti-dumping duty applicable. What other additional duties are applicable and what permissions are required to import.

Thanks in advance,
Vishwanath

If I am importing something, i need to submit the bill of exchange to the bank from which payment is released. but if I am paying through paypal where do I need to submit the bill of exchange?
in case of paypal, do i need to submit it to the bank through which i am linking paypal?

Hello Sirs,

Is there any procedure of refund of custom duty that i purchased machine and i sell to others in India

Dear Sir,

I am going to some export, and i will get a money in INR. If BRc will availabe in INR ? Banker will Do ? Invoice will prpepare in INR

We have Imported the material under DFIA License without paying any duty now we wans to take MODVAT like want to refund CVD 12% and 4% SAD.
can we avail the same benifit please advise??

Dear Experts

Please tell me what is the require documents & procedure for file in custom regarding duty drawback after issuance of Brand Rate Letter from Excise Department.

so please tell me what is require documents as i got Brand rate letter.

Thanks