HI,

I newly started my consulting firm and hold IEC code too.

I want to import Aluminum Scrap (Ch. 7602) and trade locally. Also plan to manufacturing after that with import materials.

Also wanna import bamboo stick (Ch. 1401) for trade and/or manufacturing.

Now I want to know slab of duties and exemption procedure etc on scraps (aluminum and others) and bamboo stick as a trader and/or end user-manufacturer.

Kindly resolve my query please.

Thanks & Regards,

Pratik

Dear all,

who is liable to pay customs duty in case of high sea sales and why ?
if i am purchasing via high sea sales, am i liable ?

We have two unit one is EOU & another is DTA. Due to Excise & Custom purpose we transfer goods from EOU to DTA with proper documentation for sale in local market. The problem arises in case of valuation of closing stock at the end of period and what are the necessary entries we require to pass at the end of period.

Dear All,

I want to know about excise registration limited.

Thanks

Dear all,
We used to import goods from a certain foreign manufacturer under a contract. A clause in the said contract stated that the title of the said goods shall remain with the said foreign manufacturer until the entire sale consideration of the goods were not paid off by us. In this situation after the goods were brought into our country but before we could pay off the entire said sale consideration towards the foreign company; the bonded warehouse were the goods was stored was burned down in a fire incident.
In such situation can we claim ourselves to be the importer of the said goods? In what legal relation do we stand in respect of the said goods which perished in the fire?
Regards,
Sagnik Sanyal

I am a trader/dealer with valied IEC, (Not registered with Central Excise) and wishing to export Computer Networking Goods to Nepal to one client who is setting up a factory there. The 'exportable goods' are partly imported and partly made in India, bought by me after paying respective CST or VAT through registered distributors, and are now to be exported. Kindly advise what invoice format and other documentation is required to export the shipment to Nepal. The customer would be making full payment in INR after delivery through a bank based out of Mumbai.

whether Duty drawback shipping bill can be converted in to Advance lic. if the benfit yet not take i.e. if duty drawback amount yet not recd from custom dept under Para 2.56 Conversion of E.P. copy of shipping bill from one Scheme To Another -If Customs Authorities, after recording reasons in writing, permit conversion of an E.P. copy of any scheme-shipping bill on which benefit of that scheme has not been availed, exporter would be entitled to benefit under scheme in which shipment is subsequently converted.

Dear All,

There was a sale by EOU unit to manufacturing unit in DTA.The invoice shows the following tax break up.

Invoice Amt - 100
BCD - 3.75
CVD - 12.45
ED Cess on CVD - Nil
SHE Cess on CVD - Nil
ED Cess 2% - 0.324
SHE Cess 1% - 0.162
Total DTA Duty - 16.686
ED Cess on DTA 2% - 0.33372
SHE Cess 1% - 0.16686
VAT @ 12.5% - 14.65

Pls clarify which tax portion can be availed as Cenvat Credit?

we had made export under duty drawback and we had yet not recd the amount of duty drawback can we transfer the qty export to advance licence scheme

Dear Sir

We have received a order from from m/s X and who is the Main contractor on this supply and we are the sub contractor Y and supplying the material directly to Z on behalf of m/s X.

Kindly confirm what is the process to be follow for getting the benefit of deemed export.