L Krishna Kumar
23 January 2011 at 15:51

Custom Duty

Dear Sir,

We are importing some products with HS code 71179010. Kindly help me with the customs duty for the same. Also should we be registered with central excise for importing these products. Kindly help me with the structure for duty like...

Value = ******
Basic Customs Duty = %?
Educational Cess = %?
Secondary Edu Cess = %?
Other taxes if there are = %?

Thank you


MAHESH
23 January 2011 at 14:53

SALE TAX RETURN

WHAT IS THE WAY OF BOOKING OF FOREGIN PURCHASES IN DELHI SALE TAX?????

THE LAST IS CAN WE ADJUST THE CUSTOM DUTY, CVD AND OTHER CESS AMT IN SALES TAX ,FROM INPUT TAX CREDIT.

THANKS


Miraj Khan
22 January 2011 at 14:30

Retention Money in construction Project

My quesstion is that if there is Rs.100,000 of project, the companies retained some %age( e.g 10%)i.e 10000 of Money, what is the Accounting treatment ( Accounting Entries) for Retention money & the rest of the project Amount.
Is the Company Retained this money in Advance or Retained this Amount from every cheque they Pay during the project, when we Bill the Amount,e.g , we completed 50% and Bill the 50000 Amount, they will retained from this 50000 or in Advance?
Please Guide me through the process by Illustration, from Inception to the end?
Thanks



Anonymous
21 January 2011 at 20:11

import duty query

Hi,
My import duty query is as follows:
1) On what value is the customs duty calculated? Is it the invoice value or the market value of the product? What are the elements included in the finale value on which the duty is calculated?
2) If the container has the main product with other free product(Consumer offer.Printed on the pack. Not free for me) what value shall be considered to calculate the duty?
3) What part of the duty can be claimed?
Answer to this or a point in the right direction much appreciated.
thanks


CA Kamal Goyal
21 January 2011 at 13:12

DEPB

A company had not filed application for claiming DEPB of financial year 2008-09
Can it claim it now
IS there is any time limit for filling apllication
IS there is any time limit for use of licences recieved

Please give ur ans with reference of DGFT notification or DEPB rules



Anonymous
21 January 2011 at 13:01

Ramesh verma

Dear Ramesh verma ,
I have Asked for a book not for a link
pl. provide if you have.

export import documentation and procedure.

thanx


CMA Naveen Kumar

Dear all.
Pl. if any body have a soft copy of books on title mentioned below
export import documentation and procedure,

provide the same ,
I need it
thank to all


shubham

I want to know the procedure to conduct audit of export and import.


Jayesh

Hi....

Custom House, IGI Airport, Delhi has rejected our sad refund claim on the ground of unjust enrichment.
1. We have not shown the iteam as receiable in our balance sheet insted it is debited to our p & l A/c.
2. The burden of 4% SAD is not passed the buyer comparision of purchase & sales invoices reveal the fact.

3.They had send a rejection order in july-10 but unfortunately we did not file appeal against rejection order till jan.-11.

4. Please advice us that is there any provisisn in Law which enable us to file appeal after 6 month of receiveing the rejection order.

5. Please suggest us under which section & case, we can do that..

Thanking You,

Jayesh


Lg Apparels

I Kindly request to clarify my following query in regards to repayment of customs duty along with interest on epcg license since export obligation not been fulfilled.



1. Under what head/tariff no we have to repay the customs duty

2. Under what head/tariff no we have to pay the interest amount on duty saved



Rajive





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