Anonymous

whether benefit of below mention will be available to cement company who are importing coal for mfg of cement




Steam Coal classified under CTH 2701 19 20 is being fully exempted from basic customs duty alongwith 1% CVD. This dispensation would be valid upto 31st March, 2014. [S. No123 of notification No.12x/2012-Customs dated 17.03.2012 refers]


Kumaran
16 March 2012 at 14:30

Import duty for stringing machine

Dear Sir/Madam,

what is the import duty for stringing machine

Regards,
Kumaran


SWAMY KARLAPUDI

Dear Sir,

Kindly help us in the following situation.

One of our client imported goods from china. China party forgot to send some spares related to main equipment and later sent them in a separate ship. But he has given invoice for total value along with his first consignment and importer also paid customs duty on total value. Exporter did not send any invoice for spares.

Now the importer wants to clear the goods from customs. Customs agent asking to pay duty on spares again. Then it will be paying duty double time.

Shipping documents are received for spares but not any invoice.

Please let us know how to treat the case and clear the goods from customs.

Can we clear the goods by showing an invoice with ZERO value stating spares are shipped free of cost?? Importer will take a invoice for spares showing zero value.

How to do with the situation??
Please help us...

Thank you


Davindar Singh
13 March 2012 at 22:22

Sale of machinery imported under epcg

Dear Sir,

Kindly guide, whether machinery imported under EPCG (3% duty scheme) can be sold after fulfillment of export obligation but before completion of EO period.

In above instance machinery was imported under EPCG and its obligation was fulfilled within 4 years and then it was sold without payment of any duty.



Anonymous
13 March 2012 at 22:13

Export buyers

experts,

What r the different ways for getting buyers for export goods from india...


SANJAY
13 March 2012 at 22:13

Import of precious metals

WHAT ARE THE COMPLETE PROCESS TO IMPORT GOLD,SILVER,DIAMOND & OTHER PRECIOUS METALS IN TO INDIA .ARE THERE ANY REGISTRATION APART FROM IEC NO.IS REQUIRED.



Anonymous
13 March 2012 at 22:11

Export buyers

experts,

What r the different ways for getting buyers for export goods from india...


Sanjeev

What will be the consequences of non - submission of installation certificate to DGFT on time??



Anonymous

Dear sir,

We are small scale importers, importing general goods like metal scrap and pipes. We have got an order from UAE (from the same company from where we import the goods) for perishable goods like onion and potatos.

All we have is IEC code, Sales Tax registration and Excise License.

Kindly let us know what other licenses and registrations do we need to aquire for export of the said goods (perishable)?

Also want to know, is barter trade possible? Meaning, we export goods from India and in return instead of taking money from the overseas buyer, they send us goods we want of the equivalent value?

Also can we get benefit of drawback/DEPB if applicable, if we follow this barter trade.

Your valuable reply will help us solve lot of our apprehensions, and therefore we thank you in advance.

Thank you.

Regards,
VIEC


CA Ganesh Karthik
12 March 2012 at 17:56

Import for personal use

Can an Individual import goods for his personal use? The materials are for the purpose of construction of house. (It is not cement and steel, but other interior decoration items)

In case he can,
1. Is he required to obtain IEC code?

2. Is there any restriction on the monetary value of the goods that can be imported?

3. Whether there are any conditions for importing such materials?

Thanks in advance..






CCI Pro



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