Dear Sir

I am confussed regarding BRC for invoice in INR, If we make Invoice in INR and received the payment in USD

Suppose
Inv Value in INR is - 100000
At the time of payment Party Transfer - 2173.91 @ 46 (i.e. 100000/46 = 2173.91, as party made full payment in USD at rate of day transfered)
As we received the same amount in EEFC account after deduction of USD 25 as bank charges i.e. (2173.91-25 = 2148.91),
but on date of transfering from EEFC account USD rate was 45.5.
So : - 2148.91 X 45.5 = 97775.41 INR

Loss due to USD fluctuation (100000-97775.41 = 2224.6)

Now, my doubt is,

- - - Is these BRC will be remarked by Authorised Dealer or Bank as "Part Realizied" as it's a loss due to fluctatuation in USD rate nor of short payment, while party has made full payment and no further payment is going to come against these invoice.

Pls clear ny these doubt

Thank & Regards

Jaffar

We like to be act as a Merchant Exporter.
Got some export orders from South Africa. The goods (machinery - manufactures) are supplying to us with Excise Duty. How can we save the Excise Duty at the time of purchasing goods. We already have IE CODE. Needed any special permission / licence required for exporting goods(Machineries) from Customs Authories.

Valuable advice in this regard is highly
apreciated.

Dear Sir

I wish to offer my best wishes & I request your good office to clarify my query with suitable suggestions if possible.

1. I wish to start business as a MERCHANT EXPORTER( EXPORT & IMPORT OF Phamaceutical Drugs & allied Products).
As such I want to know how to proceed with Procedures.

2. WHAT ARE THE PROCEDURES
3. WAHAT ARE THE STATUTORY LICENSES REQUIRED.
4. OURS IS A pARTNERSHIP fIRM
5. Please clearly mention A-Z aspects to be implemented.
6. what is the course of my action in this regards.

Please kindly give me answers, I shall be very much graetful & indebted to you for your kind help indeed.

Sir Awaiting for your suggestions please.

Thanks & Regards Sir

L.SIVA PRASAD
08897990793 & 07893566750

Dear Sirs,

Can anybody tell us what is duty drawback scheme & who can take benefit of this scheme.

Regards

A EXPORTER MENTION IN THE EXPORT INVOICE FOB VALUE + FRIEGHT IN FOREIGN CURRENCY AND TOTAL AMOUNT IS CIF VALUE.
NOW I WANT TO KNOW THAT
IF THE EXPORTER PAYS LESSER AMOUNT IN ACTUAL TO FREIGHT
WHEATHER THAT LESSER AMOUNT WILL BE DEDUCTED TO CALCULATE THE FOB VALUE OR AMOUNT MENTION IN INVOICE WILL BE DEDUCTED
ALSO WHEATHER FORIEGN BANK CHARGES DEDUCTED IN FOREIGN CURRENCY WILL BE DEDUCTED WHILE CALCULATING FOB VALUE
EXAMPLE
FOB VALUE 32000 USD
FREIGHT 500 USD
TOTAL CIF VALUE 32500
ACTUAL FREIGHT PAID RS. 15000 = 300 USD
AMOUNT RELIASED 32400 USD
FBC DEDUCTED 100 USD
WHAT WOULD BE THE FOB VALUE

Dear Sir,
What is the procedure to revalidate/renew the DEPB license..
Is there any specific format for the application??

MY UNCLE WHO IS NRI AND BASED IN LONDON WANTS TO INVEST 20% OF THE EQUITY OF PRIVATE LTD COMPANY WHO IS ENGAGED IN REAL ESTATE BUSINESS OF DEVELOPING RESIDENTIAL FLATS IN SOUTH DELHI. IS THERE ANY RESTRICTION UNDER FEMA OR AS PER RBI RULES

experts,

please inform about the fms scheme???(%) on fob etc??

We have availed Advance Licence for RAW COTTON import for the year 2004 (duty saved value is Rs.49,80,534/=) and unfortunately we have not fulfilled the Export Obligation for the same.

Hence we have paid the duty value of Rs.49,80,534/- after several notices received from DGFT (by way of Demand Draft to the Customs in the year 2007 & 2008) and still the case has not finalised and DGFT request us to pay interest of Rs. 24,92,293/- (interest charges from the import date & duty paid date).

Now we have started the yarn exports again and we are willing fulfill the Export obligation against these Licences. Hence please clairfy us,


- Is it possible to get licence Obligation period extension from DGFT (ie. upto 84 months with certain penalty)

- Such case, shall we eligible to reclaim the Duty amount paid to the Customs against this case (If yes, we may eligible to waive the duty interest)

We made export document in INR but realize the same in USD

Example Invoice value is 100000 INR
Party transfered 2193 USD @ 45.6 = 100000 INR
We got in our Account USD 2168 (as 2193 - 25 bank charges)

But while transfering it from EEFC Account we got
USD 2168 @ 45.1 Due to Rate fluctuation
i.e 97777 (Loss of 100000 - 97777 = 2223)


My Query is
1 how can we show loss of 2223 INR in BRC
2 we have exported under DEPB shipping Bill, what to be done in that case