At the time of importing capital goods under EPCG scheme we are executing the bond for 110% of duty saved value as per license.
From the above, in that 110% value we are used 80% value of duty saved only... then what is the Export Obligation.
as per my opinion EO is 6 times value of 80% duty saved is correct ? Please clarify me.
Dear Sir / Madam, I have no idea about total calculation of my goods because of I am new in import business, so I want to calculate every steps. Let me clarify, I will purchase a product from Germany and seller give me € X CNF price (suppose €5000) then how much I have to pay in Germany and in India, there is total 24% duty, so how much I have to pay in India? Thank you for your time. Your answer is quite helpful for my business.
WE have purchase licence having custom duty Rs 100000 in 90000. and paid vat @ 5.5% on 90000
Now we have to adjust custom duty worth Rs. 100000 at the the of Purchase
Please guide the entry at the time of purchase and at the time of import or use the Rs100000
Dear Sir,
You are requested to please confirm how many import duties are charging by Indian Custom and what basic of present-age.
if we payout all these duty during imports. so what rebate should claim to custom ?
rgds
Suraj
Mr.A boarded indian airlines flight from jaipur to dubai. He was foun to be carrying indian currency of 20lakhs(much beyond rbi limit of 25000). He admitted that Mr.V had given him the said currency with the direction to deliever it to Mr.C in dubai. The currency was confiscated. Option to redeem was granted to Mr.A but revenue objected to grant of such option on the ground that Mr.A, not being owner, cannot be granted such option. Whether Mr.A shall be entitled to such grant??
In case of clubbing of EPCG licenses we need to submit ANF 5b application along with ANF 5D or ANF 5C Application? please clarify me as early as possible...
We have imported and exported using advance lic but payment is outstanding from the party ......so can we claim custom duty paid
Is there any restriction on sale of goods imported under project import scheme, after finalisation of contract as per the rule 7 of Project Import regulations, 1986? Also, in case of other projects, how to determine the sponsoring authority, to obtain recommendation letter for concessional rate of duty under the project import scheme?? Thanking you in anticipation,
Sir,
I need detailed procedure, documents needed, and Fees for....?
Is their any need of Licence for Export of Agriculture Seeds?
Reply.
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