We are a 100% EOU manufacturing Bulk Drugs and purchase material imported and indigenous accordingly make Export and DTA sale but mostly we are selling our product in DTA and pay excise duty (8.24%) only. For making product we use indigenous procured goods, which we procured against CT-3. Should we also pay Customs duty (50%) & Excise duty (8.24%) as well as both Cess. Please let us know the duty structure of DTA clearance in relation to use of indigenous procured goods with relevant notification.

what is import duty?.
is it freight?
or
in hindi seema shulak

what is cvd, bcd,
acd iunder customs act?




e.g

we are a mfg and are regularly importing consumer goods from Pakistan from pak inds, lahore thru. International clearing agency.(frieght) eg.
Import purchases Rs.1164@$48.60 exchange rate.

exchange control copy made by international clearing agency of rs. 57853.00(ass. value)+8739(import duty)

Import duty on 1164@48.60$+ins ch 637+freght73++landing charges1% on 57280.00(i.e after ins and frgt.)then assesable value 57853.00@6% CUSTOMS DUTY=3471 THEN CVD ON 61324(57853+3471)=2527 AND ACD=2741=5268(CVD+ACD)

THEN TOTAL IMPORT DUTY =3471+5268=8739.00 deposited by international clearing agency in Amritsar to inspector customs rail cargo,

other Clearing charges incurred by international clearing agency.15000.00 and he make a bill rs.8739+20000=28739.00 in favor to us.

plz pass the purchase entry.
Can import duty an refundable?


tds is to deducted on 28739.00 or 20000.00
u/s 194c

CUSTOMS DUTY 6%I. 3471.00 REFUNDABLE OR CVD OR ACD


IS IT 3471.00 OR CVD OR ACD? FROM WHICH IS FREIGHT AMOUNT?
IF HAVE TELL ME?


PLZ REPLY............................../
IT IS URGENT

imp

CVD IS NOT CUSTOMS DUTY - CVD is leviable under section 3(1) Customs Tariff Act, while customs duty is levied u/s 12 of Customs Act. Thus, these are two separate independent duties. under different statutes. However, u/s 3(6) of Customs Tariff Act, the provisions of Customs Act regarding recovery, payment, drawbacks, exemption, refunds, appeals etc. are applicable to Additional Customs Duty.

CVD IS NOT EXCISE DUTY – Though excise duty rate is considered for measurement or quantifying CVD payable, it is not excise duty. – Mohd. Zackria v. State of Tamilnadu (1999) 115 STC 697 (TNTST).

This is a details which is there is VS Dattey book, so my doubt is whether CVD is Customs duty or Excise duty

My query is related to sales to unit situated in SEZ:

As sales to SEZ unit treated as exports, can we take export benefits such as DEPB or import against Advance Authorisation etc.?

Since payment from the unit would be received in INR and not foreign currency, how and what proof is to be submitted to DGFT to claim benefits?

Thanks,

hi!
How do i calculate FOB value from CIF if both insurance and freight are not ascertainable.

Please give me an example.

Dear Sir,

Please let know the procedure follow up if exported goods rejected and returned by overseas buyer in case of 100% EOU. Where should we inform about the same.Can we use the returned goods in further process, please guide us with relevant Circular /Notifications.

Dear All,

we are Garment Exporters, we have Parent company Outside India, recently we had imported Garments(Shirt) from our Parent company which we were selling in our Country. Some of the imported quantities remains with us.

Note: we had imported the said goods(garments) under DEPB.
1.Is there any Customs duty will be applicable?
2.what will be the procedure to re-export the same to our Parent Company.

wht is import export code?
who is liable to apply for it

Dear Sir,

Basically we are into ready made garment exports. Now my question is, we have made export shipment of USD 350000/- to a particular buyer in FY 2008-09 & all the payments have been relised in full for the same. Now the buyer is asking for the discount of USD $23000/-. While we approached our bank for TT Payment, they are asking us to surrender the proportionate drawback amt. I understand that if the discount amt is below 10% we need not surrender the export incentive. So I request you kindly advice in this matter.

Thanking you in advance,

Santosh