Advance license was issued in 1995 and EO was also made by the licensee. The firm closed in 1998. Now in 2011, the firm was issued SCN asking for the EO Compliance details.
Defaulter order has also been pasted outside
the premises of the proprietor of the firm.

a) What is the time-limit of keeping EO
records by licensee ?

b) Is there any time-limit for issuing
SCN after non-compliance of EO ?

c) Suggest the course of action.

Regards

CA Pravin Saraswat

Respected Sir,

I am Tom from coimbatore . i am running a Import and export company from past 10 years. I have a dout that is iam planning to import metal scrap from africa,same scarp is going to Export to china,

I dont want to pay the custom duty in india. For that what should i do?
Regards,
Tom

Where there is a requrement of permission for self sealing or self certification for 100% E.o.u.'s

Where there is a requrement of permission for self sealing or self certification for 100% E.o.u.'s

We are applying for Revalidation of Advance License Our Export obligation is fulfilled but Import is not completed can we show our Export obligation is fulfilled or we need to not show Details of Export Obligation fulfillment. in Serial No. 6 on ANF 4E. Please suggest.

Regards,
Siddhi Nath Chaturvedi

We file shipping bill manually at ICD Kheda. No due date for BRC is mentioned in shipping bill. In that case what date will be assumed. Is there any prescribed time for submission of BRC?

As per PUBLIC NOTICE NO. 06/2010-CUSTOMS "Exporters will submit a certificate from the authorized dealer (s) or chartered accountant providing details of shipment which remain outstanding beyond the prescribed time limit by the authorized dealer/RBI on a 6 monthly basis."

As due date is not mentioned in shipping bill how can we know which shipping bill are outstanding beyond the prescribed time limit.

I own a company that supplies bottled water. I am interested in exporting said water to India. I would like to communicate with an expert re: the duties I will be required to pay in India. Would those duties be better (lower) if I exported bulk (not bottled) water. Also, is there a program whereby I could mitigate those duties by exporting an Indian product back to the USA.

As per new notification no. 13 & 14/2012
Please let me know that, is below new custom duty calculation correct?

(A)Asse. value Rs. 1,000/-
(B)BCD @7.5% Rs. 75/-
=========
(A+B) Rs.1,075/-
(C)CVD 12% on (A+B)Rs.129/-

ED cess 2% on 12%
Removed vide Notf. ---
No.13

ED cess 1% on 12%
Removed vide Notf. ---
No.14
============
Total (A+B+C) Rs.1,204/-

(D) Custom ED Cess @ Rs. 04/-
2% on (B+C)

(E) Custom ED Cess @ Rs. 02/-
1% on (B+C)
=================== Total (ABC)+(B+C) Rs. 1,210/-

Import additional duty Rs. 48/-
@4% on [(ABC)+(B+C)]
===============
Total Rs. 1,258/-

We are manufacturing automobile parts. We have purchased machinery from china in Sept-2011. and May-2012.
We have taken credit of CVD 50% in last year & balance 50% this year.

but till date we have not taken credit and not showing in return of additional duty of custome (ADC-4%)

our inspector said me that we cant take credit without permission of department. because we have already filed all returns till June-2012.


Please suggest me !!!! its most important...

thanks in advance.

Regards,

Raj

As per "customs manual 2012" (http://www.cbec.gov.in/cs-manual-2012.pdf) gifts upto value of Rs 10000 can be imported through post without duty but the same website of indian customs in a seperate link (http://www.cbec.gov.in/js-menu/imp-gifts.htm) says that gifts upto value Rs 5000 can be imported via post without duty. Please clarify which is the correct and currently valid rule.