We have obtained Import Export Code and is there any need to apply for Export License separately?

What is the period of validity of IEC and there is no information about such validity period in IEC application form.

Please suggest me on this.........

Regards,

K.Sai Kiran

I want to just know when we import some equipment from any country then what would be the custom duty cvd any other type of duty which we have to paid to the goverment.

Dear All

If any one knows the difference between a Bond Register and Warehouse Register

Please Share with me....

Thanks In Advance

BINUMS

What is the time and place for HIgh Sea Sales?

We are a MNC auto-ancillary unit. Our plant is scheduled to commence operation by 2010. In the meantime, we are importing material and passing to a Job-worker who does the conversion using imported/indigenous matl. He hands over finished goods to us for sale to our customer in India.

Query : We want to import material in our name and pass on to job-worker, so that he can avail CENVAT benefit and pass the same to us.
Pls let us know how to enable the job-worker to avail CENVAT ?
We only have a Regd. office. in India and cannot inward the import material into our premises. The imported material has to go to the job-worker premises directly. The title of the goods should be with us. (Earlier practice of endorsement of B/E has been dispensed with now).

Regards,
J Balasubramaniam

When goods are imported value of goods is ascertained as per the exchange rate as specified in the Bill Of Entry document for the computation of customs duty. But at the time of accounting for such inventory which exchange rate shall be taken - exchg rate based on the RBI reference rate on the date on which bill of entry was filed or the exchg rate as specified in the Bill of Entry document. Please give supportings (case laws/ acts) in regard your answers.

Sir,please let me know that as per Export Policy (Para 5.3.2) specifies that after installation of capital goods we need to inform the CEA about the same within six months if that is not done we are liable for penality so please let me know under which CIRCULAR we can be penalise??Also what is the penality Amount???Can that be avoided somehow??

What are the types of Export Incentives? plz give in detail all the incentives.

Can eny one please suggest in simple term what is mean by DEPB in export sence ?????

& what is procedure of receveing DEPB lisence Customs

we import raw material and pay SAD.
This RM is used for the production of a final product on which VAT is applicable.

Now whether teh SAD paid on import of RM can be set off against my VAT liability and if yes can u also provide the circular no?