I Purchase some raw material & booked cenvat credit on the same.


Meanawhile this Raw Material is found defective and return to supplier UNDER AN INVOICE and excise duty is charged on the same invoice.


now what we hav treatment of Cenvat credit(which we hav shown on purchase return voucher)

1.It should be shown as excise duty payable?
OR

2. should it be adjusted from input cenvat?

OR

3. some other treatmen.

plz provide solid Base(Rule/ Section Etc.)

Hi
we have one bonded goods in one company Name Like AAA.
Now awe are going to open a new company Like BBB.
In this case, can we transfer that AAA's Bonded goods in to BBB's name ?
Is it is possible, what are the procedures , documents requirement..Plz explain.

We have been exporting Alloy Steel Forgings( Machined) . The said product falls under chapter 61 Engineering Product in Foreign Trade policy. DEPB Sr. Number is 68-B.

Let me know the SION no. of this product that is to be mentioned on the Shippling bill at the time of Export of said for caliming the DEPB benefits.

Regards

Pradeep Jain

A person applied for IE code in 2001 in the name of X in chennai. after that he closed that business and open a new business in the name of Y in erode. but now he tried to apply IEC in Directrate of Foreign Trade web site its saying IEC of X business is still running in your PAN. Now how can we get new IEC or shall i update the old IEC with new business name? what is the proceedure for this ?

Dear All,

I have query related to issuance of bank realisation certificate. Facts of the case have been given as under;
Export value as per commercial invoice is 45000 USD ( which includes USD 44650 to wards pure exports and 450 towards freight).
I have received foreign remittance of USD 44878 in bank.
Amount actually remitted is USD 45000 but foreign bank has deducted USD 122 towards their bank charges.

My Query is how to present the above amount of bank charges in BRC?

We want to import solar water heater system from USA . The same will be sold to our clients.
Question- 1) what are the custom duty that is applicable on the transaction.
2) is there any benefit from govt in promoting green energy system.
3) is vat applicable on sale of system in west Bengal.

Dear Sir,

We are manufacturing & exporting Brass Strips in Coils under Drawback Schedule Heading 7409-B i.e Drawback when cenvat facility has been availed. We are preparing ARE-1 under N.T. 19/2004 of CE dt. 06/09/04 (as amended), issued under Rule 18 of CE (No.2) Rules, 2001. We are also claiming Cenvat Credit on the finished goods and debiting the duty on the same day. But, our case is being rejected by Customs saying that both benefits can't be availed as stated under 8(e) of N.T. No. 103/08 dt. 29.08.08.

We feel that the same is incorrect. Kindly, clarify.

Regards,

Parivesh Goel

Dear Members,

Please provide the procedure of export to Nepal?

sir,

custom duty paid on imports includes basic custom duty, counter veiling duty and additional duty

what is the meaning of all the terms

whether credit is taken of duty paid

please describe me in detail....!!!

Hi all,

Basically, we are into Radio & Television Transmission Services. We export our services outside India and we get revenues in free foreign exchange converted into INR. For such service, there will be no shipping bill copies. We are not even registered under any EOU/STPI/BTP...etc. What will be our documentation to be assisted along with ANF3B application instead of Shipping bill copy, because based on only invoice copy, we cannot claim such rebate.

Plz advise.