1. What is the time limt to claim refund of Additional duty of customs (SAD 4%)?
2. Whether the we have to claim 4% to the customs authorities or to be adjusted against the VAT payable on monthly basis.
Very urgent
Dear Colleagues,
I am in dilemma in deciding the cheaper mode, and other regulatory requirements in importing the wires from China or Nepal. The Client is thinking about importing the following subjects:
1. Galbonised Wire
2. Gabin Box.
3. S S Wire
4. S S Mesh Wire.
Please kindly recommend me in the same at the earliest. Your effort will be highly appreciated.
You can reach me in medeepakpandey@gmail.com as well.
Warm regards,
CA Deepak Pandey
Executive Director,
Phoenix Nepal Pvt Ltd.
'A' is a US company, sets up subsidiary'B' in India to promote sales.'A'has tie up with 'C' in India (which is not related to it) for manufacture of its goods.'B' collects Purchase Order and informs'A'.'A' asks'C'to make the goods ready.'A'makes sale invoice on'B'.'B' sells to Indian Customer on its Invoice.Goods are delivered by 'C' to the customer.The question is 'What are the Tax implications at each stage?'
My query relates to Duty drawback in Customs. I want to know whether apart from ocean freight, terminal handling charges will also be deductible from C&F value to arrive at FOB value for calculating duty drawback on exports.
For example, in case the C&F value is Rs. 1000, ocean freight is Rs. 100 and terminal handling charges is Rs. 10, then what will be FOB value for calculating duty drawback.
SIR, WE WANT TO ACT AS COMMISSION AGENT. WE WILL HELP OUR CLIENT PURCHASE MACHINERY FROM CHINA ON THERE OWN ACCOUNT. WE WILL BE GETTING COMMISSION FROM THE SELLER THAT IS CHINESE COUNTERPARTY. CAN YOU PLEASE GUIDE WHAT PROCEDURE SHOULD WE FOLLOW FOR ACTING COMMISSION AGENT? WHAT LEGAL FORMALITIES WE NEED TO COMPLY WITH? WHAT IS PROCEDURE FOR IMPORTING MACHINERY ON OUR OWN ACCOUNT SO THAT WE CAN SHOW IT TO CLIENT (DEMO MACHINERY)?
Pl guide whether we can take Special Additional Duty (SAD) refund in following situation:
Material Imported:
Material A---------SAD Amount Rs 100
Material B---------SAD Amount Rs 20
Now while selling to the client I am selling Material A to client charging client for both Material A and MAterial B and Material B is billed as Free of Cost. Now VAT Amount on Material A is 110.
Can I get refund of Rs 100 or Rs 110. Pl help
I want to import an ipad from china (purchased through online seller) as a gift for my brother who is residing in the same city where i am also. The total cost inclusive of shipping charges comes to Rs 9400. Please let me know whether customs will levy duty on the item imported if item is shown as GIFT on customs declaration. If so, What are the document or procedures required to convince the customs that the item is a gift? Is my brother liable to pay duty as he is getting the item free ( as payment is made by me) <br> If customs has levied duty what should i do. To whom i have to contact for help.
Hello! I wanted to know till what extent can a gift and sample go duty-free.
Also, is it necessary that a gift has to be sent by an individual only and a sample is sent only to a company?
Also, is IEC required if I want to order clothes on a regular basis through courier or can I regularly pay the required duty and function without an IEC?
Pls anyone tell me the import duty rate and related provisions regarding import of:
1.Gabion Box
2.Galbonised Wire
3.S.S. wire
4.S.S. Mesh Wire
I need to know the provisions of import to India from a)Nepal & b)China?
I want to verify (Custom Duty) on goods imported.Please tell me what steps should taken while we are auditing custom duty
Claim of additional duty 4%