We are the importer of electronic mobile phones and assesories not having excise registration but we have VAT registration. Normally we pay import duty against DEPB License which we have purchased from the market. DEPB license debited against import duty and again we will get duty credit 4% SAD against same DEPB License which we use again for duty payment.

Now we have received SAD refund order of Rs.5 Lacks from customs. But DGFT or Customs denied to credit the same in the license as DEPB scheme is closed. Hence we will not use/encash this refund order.

Please advise what to do?

Plz tell me that is import license requires for import in Export Oriented Unit?

Thanx
Saurabh
(CA FINAL STUDENT)

Basically we are an exporter and we are received payment in foreign currency and we are transferred some US Dollar in EEFC A/c for Payment of Import Purchase than Ques is i have to book here Forex Gain or Loss ?
or What rate should be taken when i had transferred US Dollar in EEFC A/c or when i make a payment to Foreign Supplier where we make a import purchase

Is it possible to Import sample without IEC and custome form shenzhen , China. I want to import memory cards valued less then 5000 Rs.

We make Export of product worth USD10000. We made Invoice in USD and got Duty Drawback.

But we received payment in INR. Our client said that He in his country bought USD and got it converted to INR.

Our Bank received payment worth INR420000.

Now what to right on BRC i.e. Whether Export is in Indian Rupee or Freely Convertible Currency.

Secondally, will it be considered as Export as we got payment in INR.

If not what should be done. Shall we return Drawback or other steps what can be taken.

Dear Members,

Can anybody please provide me a format of Bank Guarantee to be issued in favour of Commissioner of Customs for obtaining Customs House Agents License.

Please help.

Warm Regards,

Sweta Todi
M.com, A.C.S

9833189497

after remittance we imported goods,and paid custom duty, Which types/what attach documents required while submission in bank for BOE.

Anyone kindly guide me from where no arms no ammunation no explosive certificate can be obtained at the time export.
Regards and thanks in advance

Dear All,

we are small pharma company where procuring raw material goods dutyfree under rule 19 part2 and export under LUT against ARE2.
we want to know that whether we can get drawback of custom part as per new drawback schedule 2011-2012

1. Who(in India) are the designated authority to issue country of origin certificate for export?
2. Can one(having IEC) buy goods from open market and export out of India? What is the procedure for export for a merchant exporter?