kartik_somu
19 May 2011 at 12:21

BRC

We have imported and sold to SEZ. The sales has been made in INR.

For claiming Duty drawback we have to submit BRC. Bank officials say BRC can be issued only when remittance is received in FC.

what should i do?


Abhilash chandra
19 May 2011 at 11:35

FEMA

Dear Sir,
One of our clients is selling Italian Tiles in India. Now the supplier (Italian Tiles Co. ) wants to promot their products in India and they have asked our client to promot their products. For this, all expenses like office rent, manpower cost and other admin expenses will be reimbursed by the foreign co. However, they do not want to open any branch/ liasioning office in India.

Now in the above circumstances, can our client receive money from the foreign co.? Do RBI rules permit for this?

Is there any Franchise Agreement kind of thing undedr which RBI may permit the foreign exchange transfer (inwards) ?

Kindly advise me urgently.



Anonymous
19 May 2011 at 10:37

Duty Drawack

We have imported components and sold to SEZ in INR.
We have sold on payment of duty and therefore bill of export is not available.

But we came to know that Bill of export is required for claiming Duty Drawback purposes.

Can anyone answer?

what is bill of export? and is it possible to claim duty drawback in the current case.


MUSHTAQ HASAN
16 May 2011 at 18:08

EPCG

Sir,
We are a firm engaged in the dealing and selling of diesel Generators.
Our client wants to buy generators under EPCG

Our principal has a dedicated EOU unit and is agreeable to supply under EPCG.
Another competitor is agreeing to supply under Duty draw back and invalidation scheme.

which of these two options is easier and more beneficial to the customer.


shabbeer
15 May 2011 at 21:34

Mr sharma

Sir,but u explained earlier that on memory card there is no duty its free to import,then on garment and helmets i hav to pay duty if yes how much pls clarify.if i personally go to china or bangkok and bring these items with me will there be any problem.

shabbeer


shabbeer
15 May 2011 at 08:43

query not clear

Dear sir,ur answer was not clear to me ,what is cha which u said to hire,can helmet be imported from china or thailand which will be better as per the policy of india,all the goods being imported to sell in local market,but u r saying for personal use,will not they ask why this much for personal use.

shabbeer


shoeb parwaiz
14 May 2011 at 16:40

Special Economic Zone

Dear All,

Would U please explain me about Special Economic Zone?

Thanks & Regards


Pawan Tak

what is DGFT all about ? what is the role of DGFT in export and import. what is the preocedure we have to follow while importing the goods.


shabbeer
13 May 2011 at 11:56

import of helemts

I m going to import memory cards,usb,and card readers for trading purpose,doi not need IEC code ,can DHL,or FEDEX can bring and complete formalities of customs,im also interested to bring helmets for motorcycle riders from thailand.please advs in details


Shiju Yohannan
12 May 2011 at 13:52

import duty

any import duty on secondry steel material
please advise??






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