Dear sir,

Can u send me a vat rate chart according to different commodities and different state in excel file.

I will be very thankful to you.

Thanks & Regards
Mahesh Jain

Our Company is sole authorised representative & distributor in India and Bangladesh for a German pump manufacturing company.
We have now secured a direct order from a company in Bangladesh for supply of spares mfg. by our German principal. The order is placed on us to supply original German spares and the payment will be through L/C by the Bangladeshi company to us.
We have accordingly placed the order on our German principal and we will pay to our principal after receipt of material.
So, we will buy the material from our German principal i.e. import and then sell the exactly same material to the Bangladeshi company i.e. re-export.
My question is can we airfreight this shipment directly from Germany to Bangladesh on our invoice and packing list and with German ‘certificate of origin’.
Also, are we allowed to airfreight the shipment from Frankfurt to Kolkata and then re-export to Dhaka without paying customs duty.

is it possible to Set off of customs duty paid u/s 3(1).3(5) with excise duty

Can anyone explain about duty drawback procedure - how to calculate, procedure of DBK & what audit steps we can follow while doing audit??

what is the difference between the following terms?
1.HS CODE OF 4901
AND 4904
OF THE CUSTOM TARIFF ACT?

4901 books, brochures & similar printed matter

4903 children's picture, drawing or coloring books
4904 music, printed or in manuscript, bound etc or not

Hi,
I am planing to start export of scarves and shawls.
So is it necessary to register export firm under vat or sales tax for opening current a/c.
And which Bank should I prefer to open current a/c.
Please advise.

Hello Experts
I want to know if one of my friend living in US parcel me jewellery items to me.
Should I liable to pay any taxes.
What are the rates of taxes.
What if the sale value of jewellery is less than the original value then which value would be used to calculate taxes, there is proof of sale value as merchant invoice.
Is there any option to avoid taxes if incurring.
tell me how.
I have no blood relation with my US friend.
Thank You

What is difference b/w Rebate and Discount ? kindly explain with Example ......

An assessee is trading unit and have paid duty as mentioned in subject matter @ 4% while clearing goods from customs.

Now, he has not filed any refund claim since commencement of business. business started 2005.

pls note accounts does not show any entries as to addnl duties receivable or line item in balanced sheet.


I am aware of following notification:
1. Notification No. 102/2007-Customs
2. PUBLIC NOTICE NO. 43 /2008 Dated 06/06/2008

Now question arises,

1) Whether assessee is entiled to file refund even after so long time, if yes to extent what period

2)If assessee charges only VAT and pays it regularly and do not stipulate anything on invoice as to 4% of duty; can it be said that incidence of duty has been passed to buyer ?

3) The certification from assessee requires following contention
''3. Incidence of excess Customs duty deposited at the time of customs clearance and now covered by the refund claim has not been passed on to the customers and this amount has not been included in the sale value''

If only VAT is shown in invoice, Can it be said that Addnl duty of customs has not been included in invoice?

Can anybody explain Process of enhancement Import validity of Advance License and required documents for the same.