RAHUL KUMAR TAANK
03 November 2010 at 15:24

advance payment (custom)

Our buyer is giving us advance payment. Our cs suggested that after getting the payment we can send the documents directly. I sent an email to our bank for confirming it but the bank has not responded.

reason ???



Anonymous
03 November 2010 at 01:17

import of car by NRI

if a NRI purchased a car in Kanada for US$500000 before 6 months. Now he want to bring it into India. Would he liable to pay import duty under custom law and on which value?


Mohmmed Aslam Hussain
02 November 2010 at 02:37

Import Duty

Hello,
Mr.Ramesh Kumar Verma,
How are you?
I recently started my Export Import Business, & I want to target Chinese market and my main focus is on USB Flash Drive but when I checked with a professional who is Expert in Export Import field, He said there is 17% custom + Ware house Charges + Airline Charges(even if it is free shipping) and his fee of custom clearance, I am quite surprised when I calculated everything, its almost double amount of the product.
Can you please help me in this matter & one more thing, can you tell me where can I get a free copy of customs Export Import duty tariff.


Subrahmanyam
29 October 2010 at 17:11

Free storage @ custom port 5 days?

Is the free storage period at Custom port till clearance 5 days..or is this period reduced..?


bhargav
27 October 2010 at 15:42

EPC Contracts Taxability

We are engaged in EPC contract of Solar Projects. Activities Include Detailed Project Reports (DPRs), provide consultancy services to clients for setting up of Grid Interactive Solar Power Plants till the Final Taking Over of the project.

For the Above project we need to procure Materials from different part of the country and in some cases need to import them and then to Install them at project site. We are also makes arrangements for freight and insurance during construction.

We have offices in Gujarat, Karnataka & Haryana. Now we have taken up EPC contract at Haryana.
The EPC contract covers the following services to be completed :
• Procurement from one party and supplying to Contractee (This procurement is done interstate and also within Himachal)
• Also procurement of Batteries(or some other part) can be done from Spain and supplied to the Party (Cotractee), Himachal.
• Provide designing, engineering and construction services
• Sub contract the EPC by dividing the whole project into different parts
• Provide insurance of the workmen/material/project against any injury and/or damage and/or theft of material that may be caused.
• Provide operation & maintenance services for 10 years.

For providing the above functions we faces following issues related to taxes:
• Which are the Taxes Applicable [ VAT, CST, Customs, Service Tax , any other if any.]
• How can we manage to pay lower taxes in case of interstate /within state of purchase ? [How can we save taxes]
• If the material are imported, can we pass on the custom duty ? Can we claim Credit of it ?
• Of the total contract value 80% material & 20% service part which method is much better for both Service tax as well as for VAT ? [Composition or other]
• What kind of permissions are to be taken if we provides EPC services outside India?

Regards,
Bhargav Vaghela
99134 34584



Anonymous
25 October 2010 at 20:01

Second Hand Machinery

I imported a brand new machine from China worth Rs. seven lacs for my business.
The custom officers insist that the machine is secondhand. No argument is good with them.
What is the maximum damages for me? What are the laws and notifications concerning this matter?
Matter is pending and Port dammurages are running high.
What are the remedies available?


Karan Khurana
24 October 2010 at 12:46

DUTY IMPOSED

Hi

Can anybody tell me about type of duty imposed in custom and the rate of duty in details

Plz resolv my query as soon as possible

I really thankful for that


Regards
Karan



Anonymous
23 October 2010 at 10:05

Customs Query

Dear Sir,

Basically we are importers and selling in India through our distributors, our head office in south korea and in india its a pvt. Ltd. company (Wholly owned subsidiary).

As per the customs act some of our products avail CVD on MRP for the same we need to give trader declaration, but our C&F agent is asking to give the self consumption declaration letter (the reason they are telling is we have done the registration with excise department as a dealer for passing on CVD, so we can give the self consumption instead of trader declarion with MRP list so teh CVD will be calculation on Invoice Value Only)

Please note we have done SVB registration with Customs.

Kindly help us to solve the query.

With Regards
Deepa J.Pillai


Prijesh
22 October 2010 at 14:50

Country of Origin

Sir/Madam

I get a software electronically and later copy the same into CD's or DVD's later sell the same does the COO be India or from where I imported from. Thanks in advance.


suresh
22 October 2010 at 12:47

DEPB and Rebate

We are exporters of fresh pomegranate fruit arils (seeds) to various countires, we use polythene covers, corrugated boxes and Master box is EPS box (Thermocol box)- we purchase the above packing material locally by paying the excise duty. We are getting DEPB benefit and also claiming the Rebate on excise duty for packing materials from Central Excise, Recently Customs at Air cargo raised objection saying that you can not claim both DEPB and Rebate for the above exports and they say it is double benefit? and they wanted us to prove this is not double benefit?, i request the expert to please advise and also mention under which rules or notification we can claim the both, so that we can forward the same to cutoms, Air cargo.





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query