Joseph Joy Puthussery
18 January 2013 at 14:18

Merchant exporter

Sirs,
I have a doubt regarding import of capital goods. Can a merchant exporter import capital goods under EPCG scheme? What if he already holds SSI registration. Please Help!!!



Anonymous
16 January 2013 at 14:32

Refund of special cvd i.e sad

as we are into the manufacturing of exempt goods under excise. we import Raw material, capital goods and other consumable. and pay special CVD i.e SAD which we wont get any set off as the excise is exempt and we also cant take set off from VAT we pay as its not allowed.
so my question is how can we get the refund of this SAD?
there are many notification in case of trading and textile business but we are not into this business.


moloy sarkar
15 January 2013 at 15:49

Excel

i want all excel formulas and functional key and also in tally functional keys



Anonymous

Dear Experts,

I would like to know the legal provisions for below issue. thanks in advance to all experts.

The Question is can the Invoice date be after the shipped on board date? Can the Invoice number change? legally correct?

imported some consignments on sea, shipped on 7th Jan and ETA is 25th, now the invoice value got changed and my supplier has done the correction, but they have system constraint and the new invoice will only have the current date and new invoice number, means both invoice number and date got changed.
a)Can this be acceptable to customs Dept, the invoice number is changed and the date is after shipping from origin?
b) my bank will receive the first inoive, later i will give them diffrent invoice , is it ok with BANK



Anonymous

Dear Members,

Greeting of the day,

Could you provide me format of calculation of drawback claim (work sheet)due u/s 74 of the Custom Act, 1962 (Re-export of Imported Goods).

Thanks & Warm Regards,

Vivek Kumar Sharma


Abhishek Srivastav

Sir,

It is given in Custom Tariff Act that anti-dumping duty can be imposed only for 5 years only, but it can be extended for a further period of 5 years.
If any review is conducted before the expiry of initial period of 5 years and it is not completed by the end of period of 5 years, then the duty can be further extended for 1 year untill review is completed. If on completion of review the government is of opinion that levy of anti-dumping duty must be extended then it will be extended for further 5 years.

My query is that anti-dumping duty will be levied for 11 years or 10 years?


Abhishek Srivastav
13 January 2013 at 12:58

Levy of safeguard duty

Sir,
Incase of imposition of Safeguard duty on goods imported from developing countries there are two conditions

1. If the import of such article from that developing country does not exceed 3% of total imports of that article into India.

2. Where the article is orginating from more than one developing country (each with less than 3% import share), then the aggregate of import from all such countries taking together does not exceed 9% of total imports of that article into India.

My query is that in case of 2nd condition mentioned above in calculating the aggregate of 9% we will exclude those countries on which conditon of 3% is already applicable?

For eg:

Imports from
Nigeria 2%
Bermuda 0.5%
Romania 2.5%
West Indies 4%
Korea 1.5%
Czechoslovakia 0.5%
Indonesia 2.6%
Singapore 2.4%
So, in the above example whether we will consider West Indies for calculating the limit of 9% or we will exclude it?


Priyanka gupta
11 January 2013 at 15:45

Duty draw back on hydro power project

please clarify the scheme of duty drawback on hydro power projects and its procedure..



Anonymous
11 January 2013 at 10:11

Debonding

Dear Friends,

We are a wholly software exporter company, We have imported some computers in 2009 & 2010.
I have a query regarding debond this computer, We want to sell computers in India after use, there is any need to debond, if yes then what is the procedure ?

Thanking You



Anonymous
10 January 2013 at 12:59

Business with a person in ghana

Hi

Can u help me in the following problem:
A person resident in India wants to business with a person in Ghana (like readymade shirts, t-shirts etc. by courier to that person and the payment was done by that person through bank transfer.), What are the tax implications and other Acts requirement to be fulfilled in India.





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