Situation 1

Company X is a MNC in gujarat. It wants to import a machinery from outside and give it on lease in mumbai. It has just applied for IEC registration on 15-01-10. Can it send the order for the machinery on 18-01-10? Will the company have to wait till the registration is complete? In any case the machinery will be delivered in March only as it wil come by ship.

Dear Friend,

Would u be kind enough to tell me what are the conditions and other things i should keep in mind to expedite the import of Raw material for the plastic lens in India, i dont wish to make any unnecssary delay in the process. PLZ...

Sir, practically what conversion rate is used for converting the value of any Imported M/C or any imported item for that matter?

Is the rate given on BILL OF ENTRY used?

And suppose that 40 % advance payment has been done @ $1=Rs 40 on 1.5.2009. Bill of Entry date is 1.7.2009 & M/C has been Received in the factory on 1.8.2009. So can we use Rs 40(the rate prevailing at the date of 40% Advance Payment) as the conversion rate????? DO WE HAVE AN OPTION TO DECIDE BETWEEN Rs 40 & RATE GIVEN ON BILL OF ENTRY????

Dear Sir/Madam,

Plz help, we have our company IEC code now I want to renew IEC Code No. and want to change our company address, so I request you to please give me the application forms regarding mentioned above changes.

Thanks and regards,

respected sir/madam,
can drawback be sanctioned when goods are exported under rule 18 of CEX rules 2002 i.e, rebate claim of duty paid on clearance of finished product. the unit is paying duty as detailed in the invoice and ARE-1 and then claiming rebate. the assesssee is also availing cenvat credit and claiminig drawback @ 1% which is same whether cenvat availed or not.
Can the asseessee avail simultaeously all these benefits ie, Cenvat on Inputs, Rebate on Exports as well Drawback?

I wish to import certain items from aborad. I ahve an IEC code. Do i also need to have import licence even if the goods to be imported are freely importable and there are no restrictions or prohibitions for importing the same in the Import Export policy of India.

SIR,
I IM A EXECUTIVE IN A FIVE STAR HOTEL.

WE AVAILED AN EPCG LICENCE AND OUR CLEARING AGENT ASK ME FOR FILE BANK GUARANTEE IN CUSTOM BUT I WILL TO BOND AT THE TIME OF REGISTRATION .
MY QUERY IS
1.
WHOM SHOULD WE SUBMIT THE BOND / BANK GUARENTEE IN CUSTOM.
2.IF OUR TURNOVER IS 15 CRORE .
3. IF WE ARE REGISTERED IN C.EXCISE.
EXPLAIN

RAMESH

what is DUTY CREDIT SCRIP?

HII,
I JUST RECEIVED AN IEC AND IN THE NAME OF "
NAMDEV OVERSEAS" AND RECEIVED RCMC FROM PROMOTION COUNCIL F.I.E.O, AND JUST I EXPORT OF RS. 1440 LAKHS .
AND NOW I WANTED TO GO IN A EXHIBITION IN JAPAN TELL ME CAN I ELGIBLE FOR MDA GRANT ?

RAMESH KUMAR VERMA