Manufacturing Solar Lantern(CH No.94055040)which is exempted from ED and VAT is applicable. Inputs imported for manufacturing the above product attracts BCD, CVD and SAD. Since our final product is exempted from ED, we are not availing input credit. Is their any notification to avoid double tax (i.e.SAD on inputs and VAT on final product).Reply from members highly appreciated.
We are a MNC company who is having different manufacturing sites world wide.One of our customer wants place Purchase Order on us for import of material by Air from Germany plant.The customer also want to remit the money to us in Indian Rupees and in turn we will remit the foriegn exchange to our German Plant.
On the basis of the order from our Indian Customer we will ask our German plant to Airfreight the material to the customer directly in India ( Invoice & Airway bill will be issued in the name of the Indian customer) and the Indian customer will release the material from Customs.In this Invoice it will be shown as sold to us and shipped to the other customer.
We like to get clarification that
1.Whether we can remit the foreign exchange to our Germany plant on behalf of the supplies made?
2.Also what type of documents to be issued to the customer from our end?
Regards,
T.M.Varghese
I need Help!
If an importer is importing goods from any country and he is charged Additonal Custom duty which is equivalent to the Domestic Vat rates, can we claim input credit on such payment?
Further the ammount of ACD will be calculated as per which value? i mean the customs value or as per the Permit Value when the Stokc crosses the custom boundary?
We have imported some machines under the EPCG licence at one unit of the Company.
Now we wish to transfer some machines to another unit under the same company.
Kindly let me know how is it possible.
PLEASE TELL ME ABOUT WHAT IS SPECIAL CVD AND WHEN WE ARE ELIGIBLE FOR THE SAME AND WHICH DOCUMENTS ARE REQUIRED TO ATTACH.
we are manufacture of structures and equipments. when we buy import materials from trader / stage dealer he passed the addl customs duty of 4% to us and whether we can avail the credit of same??
Please tell me who is the right authority to issue a freight certificate, which is to be used for freight value in BRC. Will the freight certificate show freight paid in USD or INR. What constitutes base freight.will THC be included.
Under a notification if importer imports goods for its sale in india then he can claim refund of special duty of custum,will this notification be apply on high seas sales by importer
Dear Experts,
I would like to purchase a Medicine from UK for own use.The cost of the medicine is 30 Dollar.For this wheather I have to pay Customs duty?
Kindly comfirm me.
Thanks and regards
Rd
Dear Sir,
Our company is a manufacturer (100% EOU) of leather folders and material sold to London.
Final product is duty exempted (Nil Taxable). My question is - can we take the credit of input material invoices ?
If yes what is the procedure of claim to department.
Please suggest me in short.
Thanks in advance
Regards,
Rajendra Ahire
All Subjects Combo (Regular Batch) Jan & May 26
SAD / VAT