For an exporter what should be the proper accounting treatment of dutydrawback at the time of claiming and at the time of receving the drawback.

It is a continuous process ie transactions are on frequent basis.

MY COMPANY HAVE ONE IE CODE AT OUR CALICUT OFFICE ADDRESS.NOW WE STARTED A BRANCH AT BANGALORE & COIMBATORE. IS WE NEED TO TAKE NEW IE CODE FOR NEW BRANCHES? IS THERE ANY OTHER OPTIONS TO USE SAME IE CODE FOR OUR BRANCHES

THANK YOU

A is the third party manufacture
B is the exporter
Shipping Bill filed in the name of B & the value declared by the B is high from the A

Kolkatta deputy commissioner has allow for provission shipping bill at the time of export.

So, now to get the all refunds like DEPB, Rebate we need to have final EP Copies of shipping bills.

But DC has expression their views to meet unofficially.

So, would anybody pl. act that why the DC has allow the same for provisional & pl. send me if any case laws about this.

He may ask for some money as huge DEPB value but will not pay the same

I wanted to know how much duty I would have to pay when I'm directly importing finished LED Products from china & also duty on LED light fittings/fixture/shell from china.

Dear friends / Experts,
I need amendments of Indirect Tax that are applicable for november 2011. i.e. from (1-11-2010 to 30-04-2011). If anyone have such prescribe amendments of Indirect Tax than plz e mail me or attach such file with above forum.

carakesh.sharma@yahoo.com

Thanks

Rakesh kumar

Dear Sir,

We are just going to start the import of some scrap material.

Is it true that SAD acts as VAT when the entire excise bill is passed on to the manufacturer.

I mean, do I have to pass on the SAD also to the manufacturer and I don't have to apply the VAT.

Or I have to apply the VAT to the manufacturer and also pass on the 4% SAD to the manufacturer.

Also I got to know the broken information that 4% SAD is refundable to the traders quarterly or anually.

Please explain, its urgent.

Thank you very much in advance.

Regards,

Hello! Sir,

Can you please tell me what is the prevailing custom duty (structure) on the below item:

1. 7204 49 00 - Ferrous scrap and others.
Till March 31, 2011 it was NIL against a custom notification no. 21/2002 - Serial No. 200. But I am not able to find the new custom rates for the same.

2. Shower and Shower Panels - I tried to find the HS code a lot, but couldn't find it, therefore I could not get the perfect custom duty (structure) for the same.

* Structure means:
Custom Duty:
Excise (CVD):
Edu Cess:
Addl Edu Cess:
Edu Cess:
Addl Edu Cess:
Sp. Addl Duty (SAD):

Kindly let me know the same.

Thank you in advance.

Regards,

Dear ALL,
Kndly help with the below queries.....
i am importing goods in india, paying all duties, clearing the goods under my IEC.

1) Now, can i directly dispatch that goods from port to more than one buyer in india, without high Seas.

2)What are the documents to be used.

3) Customs & Excise procedure to be followed.

Dear Experts,

I am working in the private limited company being a registered STPI unit in Pune. Since Nov-2010 till June-2011 (8 Months) we have not submitted the Monthly softex forms to STPI Pune. But we have filed all the monthly progress report with STPI pune.

Could you please let me know the procedure for late submission of the softex forms?

Please reply at the earliest.

Thanks,
- Rahul

Dear All
Good morning
If any one have any file or article about letter of credit ,it's kinds , which kind of letter of credit will be beneficial for us .

Please share it with us .

Thanking you