Please tell me procedure of redeeming EPCG License. What forms has to be submitted?
Thanks
Lovenish Bansal
Our Company import raw material from abroad
and processing and make into finished product. these product sale to other company. But purchase co. want duty draw back repot. so our company giving detail of duty duty draw back report. Can our company avail some benefit from that company. Can Our company claim some benefit of that company.
If Claim which sec. he can claim ?
R. Purna Ch. Achary
Jr. Finance Officer
DAESUNG ELECTRICAL INDIA PVT. LTD
What is Counter vailing duty?
What is purpose of It?
Thank you for replying me
Why there is 2 to 3 percent gap for imported and export goods rate in notification issued for valuation under section 14? Like australian dollar for imported goods taken at Rs. 36.05 while for export goods it is taken at Rs. 34.9. Following is the link to see the rates.
http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k9/csnt38-2k9.htm
Presently we are clearing our goods by paying customs duty at hyderabad for the imports made by the company. due to increase in logistics cost we want to pay customs duty at chennai and clear the goods at chennai itself.
Will the shift of clearance of goods from hyderabad to chennai has any affect on cenvat credit on imports availed by the company.
Our company imported some raw material from other county. we paid custom duty,exice duty etc. this raw material is processed and made into finished product
when we export can we claim custom duty draw back ? under which section we can claim ?
with regards
R. Purna Ch. Achary
Jr. Finance officer
DAESUNG ELECTRIC INDIA PVT. LTD
Sir,
Ferro molybdenum is classified under Chapter 72 under HS code : 72027000.
As per the custom tariff notification No: 02/2009 dated 2-1-2009, the basic custom duty applicable for HS code : 72027000 is 5%. However as per custom tariff (as available in CBEC site) is custom duty for HS code : 72027000 is 10%. why this difference in rate ? Please advice
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