Dear colleagues,

My query is on deemed import.

Party A is in United States & they are the owners of Machinery in lying in India with Party B. Party C wants to buy that machinery in India directly from Party A.

Party C will make the payment in Forex to Party A & delivery of Machinery will be made by Party B to Party C.

Please clarity me the entire procedure & taxes involved in this case.

Best regards,

CA Rajat Aggarwal

I wud like to know whether a shop established in security area (departure )of an airport (which is deemed as international area) sell goods in foreign currencies and show the same as deemed export under Fema Act..If so what all licences amd certificates the shopkeeper has to preserve for conducting his buisness in foreign currencies.

i have paid duty on imported goods (which were earlier exported and returned for repairs). Now can i set off same duty against
excise duty payable. if yes, plz mention the case law if any?

Please Help.

A company is registered in Hyderabad - A.P. It wants to make export from Delhi.

Whether this is allowed? and is there any procedures needs to be done to make such export?

sir,

Indian passenger returning from an overseas stay of less than 3 days what is tax liability for them by Indian custom?

rahul

Procedure For Appliying Advance Licence For Raw Material Or Spare Parts or Consumables Import.

Thanks

How to calculate A.V.?
Example:
Invoice Value euro 1800
CIF Cost euro 130

1 Euro = INR 62.95

CUSTOMS DUTY 23.8948%

Kindly let me know what will be the A.V. amount to be appear at Bill of Entry?

What is the rate of CVD under customs

Hello,
One of my friend wants to import GPS device from China for the purpose of resale in India. Please tell me what procedure he have to follow and which forms etc he have to fill ?
The product fall under category 8526 91 90 of custom tariff.
Please tell me the full procedure to be done.

Thanks

Pls. solve below the customs sum

Sunflower Ltd., imported a machine from USA by air for its factory in Silvasa.
The FOB value of the machine is $ 20,000. Other expenses incurred were as
follows :

i. Freight from USA to India $ 4,500.

ii. Insurance premium is not shown/available in the invoice.

iii. Transportation charges from “Indian airport” to “Silvasa factory” is
Rs. 12,500.

Basic customs duty 20%; Additional Customs duty u/s 3(1) 16%; Education cess 2% and Secondary and Higher Education cess 1%.

Compute : Assessable value and Customs duty payable; asuming an Exchange
Rate of $1 = Rs. 48.