Anonymous

As a Individual, I want to do export I have a export number. I want to sell goods to yuganda. I have a contact through my Friend. Buyer made payment in my friend account. In this case what can i do? How to prepare invoice? Provide me a proforma. Also suggest me a journal entry. Reply as soon as possible.


preet prakash
29 July 2016 at 11:32

Tds in reimbursement of expenese

Hi All
Is tds applicable on the reimbursement of expenses charged by CHA( custom House Agent) for clearing the import( India to India) of Material on port???????
For e.g. Certification of Origin, Spice Board Certificate( quality control), Insurance certificate of cargo.???

kindly let me know.

preetprakash


Azhar M
29 July 2016 at 10:10

Meis claim

Hello Experts,

I need your valued guidance in below captioned case:

We are Merchant Exporters and recently faced issue while claiming MEIS.

Despite of our declaration in Customs Invoice & Packing List as “WE INTEND TO CLAIM REWARDS UNDER MERCHANDISE EXPORTS FROM INDIA SCHEME (MEIS)”, CHAs were unaware of the fact that they also need to pay attention to an entry field [“Item Code As Per Reward Directory (MEIS)”] while filing shipping bills through the Customs online system.

SB filing date is after 30.09.2015
The S/B has not been sent to DGFT for MEIS benefit as decided between two ministries.

S/B No. - 3430530
S/B Date - 07.10.2015
Port - Sabarmati ICD (INSBI6)

Our S/B front page has also written note “WE INTEND TO CLAIM REWARDS UNDER MERCHANDISE EXPORTS FROM INDIA SCHEME (MEIS)”.

Now Modification is not Possible as current que in ICE Gate is HIST and hence need your valuable guidance, how to claim this particular S/B for MEIS?



Deepak vishwakarma
28 July 2016 at 11:14

Refund of additional custom duty

hello Sir,

One of my client engaged in manufacturing of cosmetics product, purchases raw material from Itely. on that purchases company pay additional custom duty (for VAT).
basically company has get exemption in Excise duty from notification issued by Govt.

is company claim of refund of Additional custom duty?

can company avail input of additional custom duty from output Vat?

if any notification is exist then kindly update.


Ch.Siva Nageswara Rao
22 July 2016 at 11:43

Accounts

Dear experts please clarify my query

What is the difference between excise duty & Custom Duty. and what is present rate of Excise duty and Custom duty , how many types of excise & customs duties .

Please clearly clarify my doubt .

Thanks & Regards
Siva.



Anonymous

Here is an issue. We have one shipping bill ( exchange control copy) for two different LCs of same customers. Now our bank is not accepting two different LCs under a shipping bill.
Is there any wayout so documents can be negotiated ?
Can't we send a letter to bank to accept a shipping bill for both LCs ?
Please guide.


gaurav

HOW MUCH FOREGIN CURRENCY CAN BE BROUGHT BY FOREIGN CITIZEN IN CASH TO INDIA WITHOUT DECALRING AT THE CUSTOMS IN YEAR 2013.


Prerit Vindal
10 July 2016 at 10:26

Submission of Bill of Entrt

in 2008 I import a spare from china through courier and transfer the fund in foreighn currency through bank. that time bank did't demand anything but now after 8 years bank is demanding bill of entry for such import. plz advise me that, is it required to submit the bill of entry in case of import through courier and of yes then what is the consequences for non submission.


Minku Sharma
10 July 2016 at 00:26

Drawback duty???

Dear team,
What is the mean by drawbacks duty while export any material.
And how could I know my ad code registration at customs.
I hired a CHA but he is delaying for AD registration.
Also please let me know how I'll find HS code of any product for exporting.
By HS code how can I know the drawback,
Pls guide n help


Prashant Jain
02 July 2016 at 12:51

Non realisation of export proceeds

Kindly provide the detailed procedure for compliance with FEMA & RBI notice in case of "non realisation of export proceeds due to the overseas buyer has not been traceable over a reasonably long period of time". We have Failed to recover 100% of total outstanding export proceed since more than 3 years after elapse of extension from RBI. Further there is no possibility to recover anything as buyer is non traceable.

Thanks





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