RAM SAINI
02 July 2009 at 14:36

CREDIT OF CESS ON IMPORT

WE ARE INPORTING THE MEDICAL GRADE PAPER (USE FOR PACKING OF MEDICAL DISPOSABLE)
CETH = 48102900

WE ARE PAYING THE CESS NAMED TAX @ 0.125 AND ALSO PAYING THE EDUCATION CESS AND SHEC ON THAT

I WANT TO KNOW THAT ARE WE ELIGIBLE TO TAKE THE CRDIT OF THAT CESS AND EC AND SHEC ON THAT


KINDLY ADVICE

THANKS & RGDS

RK SAINI


RAM SAINI
01 July 2009 at 17:35

PROFESSIONAL






I m bcom graduate pursuing MBA(ivth sem)with international business(Distance education MD.University Rohtak which will be complete within three months further my plan to go for LLB.

working Since 2004
Right now working with a Star Export house as a excise executive(Handling Excise and service tax activities)
Iam from faridabad

Actually i want to be a professional in Custom excise and service tax and i want to join a good consultancy firm alongwith job (part time basis)where i can learn and explore myself for the long term purpose

pls advice me wht should i do and from where i can get the all information and help,knowledge for that purpose

pls advice


vivek rathi
08 June 2009 at 17:30

refund of add duty of custom

notification no 102/2007, dt 14/09/2007.
How can i get the refund benefit of add duty of customs for the manufacturer Industrious.


V.S. Balasubramanianpro badge

am working for German company who going to be importing finished machine tools equipment and selling in the local market (India) and export the same to the neighbouring countries.

Should my company liable for excise registration.

They will also be importing spare parts for the equipment for repairing and servicing purpose.

No reproduction process involved

I understand that the customs duty in India for importing this equipments is to be paid in two segments.

1. BCD with Surcharge along with Cess

2. CVD with Surchage, Cess along with the ASD (Additonal Special Duty)

My Questions are as follows;

For Trader cost of goods value increased by both these duty example my purchase price is Rs. 1000 + 100 (BCD) + 100 (CVD & ASD) = Rs. 1200 will be my landed cost.

we want to have cost of goods level @ Rs. 1100 and add our profit % and when we sell we want to pass on the Rs. 100 (CVD & ASD) to our customer.

What are all the possibilities of doing that. What is 1stage & 2nd stage dealer.

Whetehr I can register with excise department as Trader cum Dealer to enable me to pass on the CENVAT Credit to my local customers.



Regards & Thanks


Vipin Singh
29 May 2009 at 17:25

Additional Duty 4%

Dear sir,

My name is Vipin Singh. We import bearings from other countries and pay custom duty with additional duty @ 4%. I think it is called 'SAT'. I also heard that we can apply refund for this. May i know what is procedure for getting refund. please provide me refund application from for the same.

Kindly give me reply very soon.


Vipin Singh.


CA. Tarun Navlani
28 May 2009 at 13:02

Advalorem CVD Rate

Hello,

Does the notation "advalorem rate of CVD" include education cess on CVD? Or is it just the basic rate of additional duty of customs?
My question is with reference to the formula given under rule 3(7) of CENVAT credit rules which restricts the cenvat credit on inputs acquired in DTA from 100% EOU.


Guruprasad

Hi Friends,

We do not have 2 years original copies of Import Bill of entries to make the payment to our intercomapany but our banker is not ready to process our payment without any valid BOE documents but we have all the Photo copies of the same but banker is not ready to process our payment based on photo copies. Kindly suggest any other solution to this problem,

Thanks
Guruprasad


CA.Tarun Maheshwari

Dear All

The above mentioned notification allows us to take refund of the CVD @4% paid on import of goods on which we charge VAT or service tax. Can anybody tell me the exact procedure how can I claim such refund. What are the documents to be furnished, is there any prescribed form, or format of certificate from CA. Where do I have to apply, how shall I claim the refund of back one year etc etc. I need full procedures to be followed. Pls help me as soon as possible.


Deepi Saini
20 May 2009 at 10:10

Review of Custom Duty Charges

We imported a demo medical equipment from USA. It is a life saving equipment and is being imported by us for conducting trial.

This equipment has been supplied to us free of cost as it is a demo piece.

Its commercial price is US $ 1095/-

The proposed resale price in India is US $ 3600 which includes duties,taxes, freight and handling cost.

Customs appraiser charged duty on resale value i.e. US $ 3600 but not on commercial invoice. The same equipment was imported by a firm in Mumbai and they were charged duty on Commerical Invoice value US $ 1095/-

Can we get it re-appraised and by which authority? Can any experts help us out?


CA Ranjeet Singh
18 May 2009 at 16:42

refund of Custom Duty

CAN ANY BODY EXPLAIN THE PROCEDURE FOR THE BELOW, WHETHER REGISTRATION WITH CUSTOM/EXCISE DEPARTMENT IS REQUIRED OR NOT

in case of trader, whether some part of duty paid on imported goods can be claimed back, on subsequent sale of goods in india ??????????





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