what is Foreign Going Vessel?.

Sir,

Suppose I Have Imported 100 MT Scrap @ $426/-= $42600 from China,

Now when its come to India , Our Customs department raise a Bill of Entry by valuing is Exchange Rate @ Rs. 56.51/ per USD as on date.

Now Custom deppt Calculats Custom Duty as Follow
100 MT Scrap @ $ 426/MT = $42600 x Rs. 56.51 = Rs. 2407326.00
Add : 1% 24073.26
------------
Rs. 2431399.26
Add : CVD@12.36% 300520.95
Addl Duty 109276.81
===========
Net Bill of Rs. 2841197.02
Entry value

Now A FLC of $ 42600 has been opend for Payment.

Now my Question : by what Value I will Book for Purchase of Scrap in my Books of Account ?

is there any rule Provide by Accounting Standards,

thanks

Is it possible for an EPCG authorisation holder to withdraw/surrender export obligation before the end of the obligation period? If yes, then what is the procedure for that?

Dear sir,

can any one help me to give detail document required for custom clearance of export goods with rules and regulation.

from,
Ankur

Dear Sir,

we are getting Error 93 for our particular shipping bill from last 5 months.

custom person at Mundra port retransmitt data so many time but still error 93 (data not avaliable in custom server) still persist.

Due to this our Incentive issued by DGFT is not validated by custom department.

is there any other way to resolve this issue?

i have also spoke to ICEGATE helpline but it couldnt help us much.

Dear Sir

i am working in pharma com.

Is 'Status Holder Incentive Script'available for Pharmaceutical product?

If Yes what is criteria to avail.

We are status holder 'Star House'


Regards
Suresh Deshmukh

Sir,
Suppose my factory is located in Gujarat.
I import material from foreign country on which I pay "X" amount as Custom duty & CVD.
Said material reached at Mumbai port. I pay duty and Bill of Entry also filed in my name. So, I am an importer. Then I want to sale said material to my customer who is in Maharashtra state.

What it makes difference if I directly dispatch goods from Mumbai port to my customer.
2)I take material in my factory in Gujarat and then dispatch it to customer in Maharastra.

Dear Experts please tell me that what is the procedure for filling claim under duty drawback when Brand Rate was fixed by Excise Department.

We have importe capital goods under EPCG licence (Custom not 64/2008 dtd 09th May 2008).We have fulfilled export obligation and redemption also applied and waiting for redemption letter form DGFT.

Query:
1. Can we sale these capital goods before getting redemption letter from DGFT.

we are importing inshell Almond and paying additional custom duty of 4% than we process this material in our factory and selling almond carnels in domestic market. now i would like to know can i get complete refund of 4% additional duty though i am selling processing material which is lesser than importing quantity.

for Eg if i am importing 100kg with shell but after processing we are getting only 70kg output.

our VAT amount on domestic sell is higher than additional custom duty.

please assist can we get full refund or it will be in proportion of quantity (100:70)?