Dear Sirs,
Can you tell us the monetory , non-monetory benefits on Export of goods gives RBI / FEMA Act.
We are Status holder Exporter.
Now, We are using Forward Contract Facility from Bank.
What will be other facilities and what care should be take to avoid foreign Exchange Rate fluctuations?
HELLO EVERY ONE WE ARE A "MANUFACTURER EXPORTER" IF WE IMPORT AN ITEM AND SUPPLY THOSE TO ANY OF GOVT. STATE OR CENTRE, PROJECT CAN WE GET REFUND / ADJUSTMENT OF CVD.12%(WHICH IS EQVI.TO CENTRAL EXCISE) AND OR ADDITIONAL DUTY OF CUSTOMS 4% (WHICH IS EQVI. TO C.SALES TAX)? IF YES.. FROM WHERE AND WHAT WILL BE THE PROCEDURE?
Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=573213
Hi, Please guide me on a issue which is related to refund of duty drawback paid u/s 75 of custom act , 1952.....refund is pending from 10 years for each year......and i want to know whether sec 75 along with duty drawback rule 1995 shall be applied or sec 75 + DBK rule 1995 + sec 27 for refund shall be applicable.......if sec 27 is attracted then refund can be claimed only for 1 year from relevant date......plz help me
Read more at: https://www.caclubindia.com/forum/refund-of-duty-drawback-230932.asp#.UMlTI2_qnz4
hello,
i am planning to buy an tablet which is made in china and provided by dx.com/shoppingcart.dx.com the price listed is 195 $ with free shipping or the shipping price is included in this 195 $ how much import duty or any other form of tax do i have to pay . please can you tell me the total cost in rs ( assume 1$ = 55 rs ) (195 $ + all taxes ) that has to be paid by me and moreover i want to ask 1 thing where this duty has to be paid ? when i receive the product then to the courier man ? i reside in karnataka
Dear Sir/Madam,
We intend to Import paper from china. Can you please tell me what are the extra charges added with the import duty, and what are the taxes i have to pay to to take the imported paper from JNPT, Mumbai Port to Pune (Out of Octroi)warehouse.
HS Code of papers
1) 48025600
2) 48101400
3) 4802570010
Dear Sir,
Recently we have made a payment to Customs through the ICEGATE site by online; bank challans are generated. But later we found that the amount was not credited to Customs. But from Bank we to know that they debited the amount accrodingly. We also take help of Customs Online. But no result yet has been come. On the other hand Customs refuse us to clear the goods. Please help.
Dear Sir
Is claim for DEPB can be submitted online?
Is it necessary to take the services of an agent?
Please provide the procedure to cliam DEPB benefits.
Dear Sir,
We are buying material from Singapore based company who is having their local office in India. In this senario, seller is singapore and first buyer is local company in india (as per bill of lading). Indian buyer is keeping goods under custom bonded warehouse and filing warehouse bill of entry in his name (indian office). We are buying those goods by filing ex-bond BOE on our name on same exchange rate thru "Transfer of Ownership" deed between First indian buyer and us. Then he raise local invoice to us without sales tax / VAT. This seems as equal to High Seas.
I have few doubts for above transaction :
1) Is this valid transaction ?
2) He raised local invoice without tax, is there any sales tax liability arise to us in future ?
3)Usually consideration value of High Seas is CIF + 2%. If my CIF import cost is 1 lac then I have to pay duty on 1 lac + 20,000 (2%)? but we are paying ex-bond duty on assessable value without 2%. Is this valid ?
Hello friends can any1 let me know about the DEPB rule and regulations?
Please provide me the exact link so that i can mine the relevant info.
Does Duty drawback claim and DEPB one and same thing or different?
I did search on google but i didnot get proper info so m hoping that i would get from our club.
Dear All,
If one company registered outside India (first company)purchases the goods from company also registered outside India (second company)and first Company directly sells the goods to party in India and instruct the second Company to deliver the goods in India , then whose name should appear in bill of entry in India(whether first party or second party or both)? Also what documents are required to be executed for the purpose by Indian company?
Kindly reply.
Thanks
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Fema benefits