Respected Experts....


We are receiving a in statue in India to be given as a gift india itself.

In order to avoid the duty, whether any exemption or notification is available to us as we are an international research organisation.

Please advise..

Dear Sir,

We are going to organize a Exhibition in India and we want to sell foods items and clothes items of Japan country in exhibition shop.

My question are as follows:

1. Can we import for selling purpose ?
2. What permission to be taken ?
3. Which tax to be pay and howmuch ?
4. To whom reporting in India ?

Plz reply and thanks in Advance.

One of clients imported goods & Bill of entry (importer copy) was lost during transit from CHA to client. Now the assesee has to seek refund of SAD & we need to file a indemnity bond for lost B/E.
Can you experts provide me with a format of indemnity bond for lost B/E.

Thanks in advance.

Dear Sirs,

Now I'm working in Export Dept.

I want to expert in FEMA Act & Foreign trade.

Which course is suitable for me?

due to ignorance and unaware of incentive available to exporters for export.

Since 01/10/2011 we had goods exported on free shipping.

We started DBK in this month.

Can we avail DBK on free shipping?

Can we avail below benefits for export to Mexico?

DBK 2%
FMS(FTP para.3.14.2)duty credit scrip 3%
FMS(FTP para.3.14.2)addl. duty credit scrip 1%

total 6%

please confirm.

How a custom officer determine assessable value of imported goods for the purpose of determining duty.

Regards,

Munna.

Dear Sir/Madam,

Let me know About
1)What is I & E Code
2)who has to acquire?
3)how can it acquire & with whom i have to register?
4)Fee Details
5)How to File Returns?

Please give me the Full details Regarding Import & Export Code

Please do the needful sir

Business now a days has become so much difficult due to the rising unreasonable demands from the factories and the mills.

Well, we are import house based in Mumbai. Importing raw material under Custom Tariff Ch. 72044900 ferrous scrap and others wherein the Custom Duty is 0% but Excise and SAD in total is approx. 17.36% (inc. of landing charges 1%) which itself is becoming a loss itself. The factories are demanding the material without excise bill and only want the Sales Tax bill.

For e.q.
We import goods at USD $400 (CNF value in INRs. 21600/MT) therefore
Rs. 21,600 Basic
+ Rs. 3,800 Excise & SAD
+ Rs. 1,200 clearing and other charges
----------------------
= Rs. 26,600 landing cost + CST/VAT as applicable.
# MODVAT available approx. Rs. 3,650/MT

But the factories and mills are asking the price of Rs. 26,500/MT + VAT/CST that too inc. of transport and doesn't want to pay the Excise neither they are interested for claiming the MODVAT. The Net Loss is Rs. 3,000/Mt approx. Whereas if I sell with bill our profit margin is not more then 500-800/MT.

Kindly please suggest me, what should be done in this extreme situation.

Regards,
Krunal
+91-9833698410

if extension of export obligation beyond 8+2 year can be considered for a further period of two years with condition that 50% of duty payable in proportion to unfulfilled export obligation is paid to customs - para 5.11 of HBP Vol. 1 2009-14 - MF (DR) Circular no 16/2006-Cus dated 09-05-2006.
if the party fulfills whole of export obligation , whether 50% amount deposited with custom, will be refundable