I am doing the Audit of a manufacture concern,they import as well as export the goods.
AS per rule 18 and rule 19 ,they claim the excise duty and education cess and shec under rebate and LUT.....

MY QUESTION IS THAT WHEN THEY EXPORT THEIR GOODS ,THEY CAN CLAIM DUTY DRAW BACK FOR THE CUSTOM DUTY WHICH THEY PAY ON THE IMPORTED OF THE GOODS......

OR THEIR DEPB SCHEME ALSO IN WHICH THEY IMPORT THE GOOD ON THE BASIS OF ENTRY IN DEPB BOOKS SO THAT THEY DONOT HAVE TO PAY IMPORT GOOD

I AM CONFUSION WHETHER BOTH THE SCHEME CAN BE USE AT THE ONE TIME ,I MEAN DOTH DUTY DRAW BACK ASWELL AS DEPB

Dear All seniors

Please tell me about the All conditions & limitation to sent a Sample Export Shipment.

Thanks in advance


Pardeep

Dear Sir
Pl. solve the following issue for EPCG Scheme
1. Each States have a separate EPCG Scheme or central Level. If separate, pl. tell me about EPCG scheme under Gujarat state & also give me website name.
2. What are the fees for Application of EPCG Scheme & what are the documents required for Pvt. or Ltd. Co.?
3. EPCG license is required after import or before import? What are the periods required in both case.
4.How much will be completed the export obligation after issuance.
5.What will be procedure for default the competition of export obligation within stipulated time?
6.What are the limits for cost of import of machinery under EPCG scheme

Pl. gives me reply respectively

Thanks & Regards
Sanjeev Sharma
Gujarat

Hi Members

pls let me know the import custom clearance procedure....

Thanks in advance


Regards
Gaurav sharma

Dear Members,

What is the Duty Drawback cliam.?
We have imported the some material in March-2010 from china. now we want to export this to Dubai.( Not used in manufacturing or not use in processing, means as it is, the material we imported.)
Is there any relief in custom duty , we paid at the time of import?
if yes , pls tell me the procedure and how much we can claim......

pls reply...

Regards

Gaurav Sharma

Dear Members,

I want to that is there any penalty i have to pay if i import any item let say telescope for personal use from USA?

As i have ordered a telescope from USA and lying in Delhi custom clearance station..And now they are asking for penalty as i have ordered for persoanl use...

Dear Sir
We are planning to purchase of 5 Ply Corrugated Boxes of Machines from China ( Import). It’s Cost of USD 6,22,000. We are registered under SSI Industries. Pl. give your advice that we have taken benefit of Import Duty under EPCG Scheme or another schem & Additional Duty under excise cenvate credit rule.

Kindly give your advice with custome & excise section

your earlier response is highly appreciated

Regards
Sanjeev Sharma

my company has purchased certain goods from other state. sale was made on 28.03.2010.but goods recived in our company on 10.04.2010.now on what day i should entre the bill in books . if 0n 28.04.10 then no goods recived .if on 10.04.2010 then how we issue "c" form of back date.

Hi,
A partnership deed is formed and duly notarised in july,2010 having 4 partners, all of indian origin.
Out of the above, 2 partners are NRI.
I want to take import export license as they will be manufacturing and exporting AC parts.

Do i have to obtain RBI's permission for NRI partners before applying for IEC code?
OR is there a general permission given by RBI for the same.

Regards
Amin Keshwani

suppose some goods has been purchased from china 1000 psc of 10$,out of which 3$ is towards advance payment trfd from indian bank @47 &remaining 7$ @48 how would i record in terms of INR ?