Dear All,

1.We have import material from Italy. when the material arrived at Mumabi port we paid Advacne Custome duty to Commisioner of Custom. i wan to know how to pass that entry in tally.



i have pass payment entry like

Comm of Custom a/c--------------100 DR under current assets

To Bank A/c ---------------------------- 100 CR

2. second is we received bill of leading copies and vendor invocie there r also custom duty. i want know how to knokout both custom duty.

genrally we pass vendor entry.

Venodr A/c ------------200Cr

Goods A/c ------------- 100DR

Custom Duty-----------100 DR current assests.

3rd entry is

. Custom duty a/c --------DR 100

Commisioner OF Custom -------cr 100

but in this case some where in custome duty remian debit balance .pls tell me where i should heat the custom duty

how will pass the entry in tally.
and also give me the Group like ( Cuurent Assest or CL)

Dear All

Custom raised a query and ask to submit the type approval certificate asap.

Anyone pls tell me what is it and format

A company wants to export tyres to bangladesh. Which is the better option- advance authorisation scheme or the depb scheme.Can some body please clarify.

One of the pvt ltd company used to give gold coins of 100gms and 10gms to its dealers & distributors under Sales Discount Scheme. Can a pvt ltd company import gold into india for distributing it under sales discount scheme. Gold coins were distributed every year to their dealers.
what could be the better solution
please help me

Dear Experts,

I want to import vrla battery from china. I have searched in Sch II chapter 85 but could not find exact amount of duty chargeable for the same. Can you please tell me that what would be exact amount of duty including anti dumping duty assessed with reference to the Custom Act..

We import used machines from Romania, Here is a problem in calculation of Custom Duty. We imported some machines at Purchase invoice of Euro 2500/-, 3000/- & 3500/- for Qty of 1,1,& 2 Nos. but custom duty was calculated by Govt.Officer of Euro 3050/-, 3660/- & 4270/- respectively. Exchange Rate for the day was 1 Euro = INR 64.95,Total Weight was 20500 Kg. Now Please tell me that

1. Why & how Duty was calculated by revised price not according to price of our Invoice?

2. What will be the total amount of custom duty?

Dear Sir,

Can you give me exact percentage with example for custom duty on HS Code 14011000 on CIF base.


"Basic customs duty is being reduced from 30% to 10% on Bamboo for use in the manufacture of agarbatti (S. No. 28A of Notification No.21/2002-Cus dated 1st March, 2002, as amended by Notification No. 21 /2011-Cus dated the 1st March 2011 refers)"

I import material for using in rainwater harvesting project that is used in recharging water of earth. please tell whether i can avail custom duty exemption on these products. whether exemption available to water purification projects can be availed .Though our project acts to recharge earth with clean water irrespective of its use for human consumption or industrial use.

HELLO EXPERTS,

OUR CLIENTS PURCHASE RECORDS HAVE BEEN SEIZED BY CUSTOM AUTHORITIES.

WE, AS THE AUDITORS, NEED TO EXEMINE THE RECORDS BY OBTAINING THE XEROX COPIES THEREOF.

KINDLY SUGGEST ME AT THE EARLIEAST,, THE FORMAT TO REQUEST THE RECORDS IN XEROX COPIES FROM THE CUSTOM AUTHORITIES.. I KNOW WE HAVE TO MAKE A DESCLAIMER IN OUR REPORT..

KIND REGARDS-

ABHIRAM

Dear Sir,

We have just started a new import/export company registered in Mumbai.

Our product is ferrous scrap HS(ITC) 72044900

We confirmed the duty structure from the clearing agent as below:
Custom Duty: Nil
Excise: 10%
Edu Cess: 2%
Addl Edu Cess: 1%
Edu Cess: 2%
Addl Edu Cess: 1%
Addl. Excise: 4%

My apprehension is, when I import the same with above duty structure and sell it to the end user (factory), I have to pass on the excise bill and VAT bill.

Can you please let me know, when the user claims the MODVAT, is he able to claim the entire duty structure (i.e. 10+2+1+2+1+4) or is the MODVAT structure reflects something else?

Please advice urgently so that we can plan our import.

Thank you.

Regards,
Krunal
Mumbai