We are manufacturer of precision turned components for domestic & foreign customers. In some cases foreign buyers wants to develop the tooling on his behalf and he is saying that if tooling will approved by us he will pay in foreign currency. Then in this situation what is accounting treatment and what paper we submit in custom department?Is any violation of rules of FEMA.

Secondly if we want to dispatch some parts through courier to aboard then what is the procedure in customs.

Please guide me in detail with reference. It is very important.

Can anyone say what is an ITC Bond? It is said to under provisions of Sec 143 of customs act. However this section doesn't mention anything named ITC bond. It only discusses about a bond.

Please advise how to calculate duty draw back available on exports. We are claiming Cenvat facility.

Is there any difference between baggage and bonifide baggage ?

Please don't explain in a bookish way.Expain with an example.

Thanks

Pritom Baruah

If a textile company is exporting its products & also constantly imports spares/ machines for its operation what are all the Export Incentives (including EPCG) is available for it? What are all the forms to be filled...? where it has to be filled? how to fill? IF the company has many options means which one is the best one...?
Experts opinion in this are highly appreciated and treasured...
Thank you!!

Please advise about the amount for which Bank Guarantee is to be executed with Customs Dept.while importing under EPCG Scheme.Is it for the amount of Duty Saved i.e. Authorozation value, or for Export Obligation.

Dear Sir,

Agar kisi co.ka tin/vat no. tamilnadu me registered hai or custom deptt. ko invoice/bill delhi branch/corp. office ka diya hai jahan pe co. vat dept. me registed nahi hai, kya yeh chal sakta hai ya nahi,

because custom officer wants invoice shoulb be issued by tamilnadu office.

what can we do to reply the officer.

Thanks

Dear All,
We are constructing a new manufacturing plant at Kolkata for which we will be importing various plants & machineries. We came to know that we can avail benefits of less BCD on P&M, finished goods etc. We would like to know how to apply for Project Import Benefits, if any of us had experience such a subject.

Can I do the export of imported goods to Nepal?? I will importe teh goods from other countries and re-export as such the goods to Nepal??

Whether the same is permissible?? Are there any restrictions??

can anyone pls reply that as a CA what are the certificates we need to provide to a exporter client so that he can furnish it to the assistant/deputy commissioner if he comes under the drawback scheme.
within what period it is to be furnished and i read it somewhere that it is to be furnished from 2004.
pls reply as soon as possible.
whether any of the above certificates is to be given to any other person then commissioner than pls provide the list.
contents of certificates will be appreciated.