Can any one tell me the procedure for sale of FPS scrip in the open market... I want to understand how it will be practically done and how the receiver scrip will be registered in the name of the buyer of the scrip.. also can one tell me whether the sale of FPS scrip is subjected to VAT in Tamil Nadu..

Dear Sir,

We had received Letter of Credit, of which we have exported part consigment. say out of L/C $20000, only exported for $10000, Later importer had cancelled the order for balance quantity.

We have sent Letter of credit for collection only those amount due to us against supply made.

Now bakers asking for write off certificate.

Since there is no due on our account against the party, Shall we issue write off certificate duly certified by CA ?

If not than what remedies to deal with bank ?

Please consider the matter as urgent and expect immediate response

This is with reference to the notice posted https://www.caclubindia.com/forum/circular-no-952-13-2011-cx-dtd8th-september-2011-167621.asp for MOT Charges

On the basis of above notice, the unregistered exporter will have to pay MOT charges for exports during the office hours also. Kindly please explain, are this MOT charges payable by unregistered exporter only after 08/09/2011 (Circular date) or also on the exports done before the circular date ?

Dear Experts,

for imported capital goods, with regard to Additional Duty Paid,
how much we should avail the Credit?

whether we can avail 100% on duty paid
or
50% should be deferred?

kindly guide,


thanks and regards,
Harsha

Is PD Bond required if Second Hand Machinery is Imported and is cleared after payment of Duty amount.


Thanks in advance

In which currency export bill should be...INR or USD

Which rate will be used for calculation of FOB value of exports in revised schedule VI. Whether it will be exchange rate on Export date or on the date of realisation.

Dear Sir,

Can we take benifit of Duty Drawback for Local Purchase Item used in sale of export.

Dear Sir/Madma,

Company A : MNC Company & 100% Parent of B
Company B : Indian & 100% subsidiary of A
Company C : Indian Company and customer

C places order on A for a big contract.
A places order on B for few parts of this big contract.
As per instruction B supplies to C with ED & CST

Now B wants to raise invoice on A.
Can he raise invoice without actually the material being exported? If yes, which taxes he can charge?

Regards,

If one Co transfers its employees on 01.09.2011 from One Co to another Co . & year ends on 31.12.2011 which co will show salary exp in its books former or later and for which period
I mean 1st co salary exp = & second co salry exp equals to?? also if I need to provide for leave salary for full year Jan 11 to Dec 11 ..full provision will b shwon in later or former or proportionate pls advise
Many Thanks
atharparkar@gmail.com