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


Sushant Bhavsar

Our Company is manufacturer exporter and operates as a 100% EOU. Most of its products are customised to the customer requirements and are primarily being sold in the markets of US and Europe. Company being faraway from its market, its shipping and production time is quite high and this affects our turnaround time for the new customers. Based on a strategic decision, company wants to stock some of its standard fast moving products in USA in a warehouse and shorten the cycle time to convert new customers. This will also allow to target few more market areas in US. Approval from the bankers to operate a warehouse is in place and is in compliance with FEMA rules. Would like to know: Goods will physically move from factory in India to warehouse in the US. company shall have a separate agency to look after the warehousing and further movement of goods. The customer is not known during movement of goods from India to US. The goods will be stored in US warehouse for 2-3 months and will be sold from there to end customer who will pay to our company.   Should movement of goods from factory in India to warehouse in US be through an export invoice or any other document is required as per the customs? Can our company raise another invoice from India for movement of second leg, i.e., from warehouse in US to customer in US as technically our company is owner of goods while goods are in US warehouse? If the goods have to move from India to US on an export invoice, there would not be one to one matching of receipts to the export invoice, as the amounts will be received from customers for subsequent movement of goods to customers. In such case there will be difficulty on getting the e-BRC from bank and we may not get Service Tax and Vat refunds from department where this e-BRC is a requirement. What could be done to in this case so that our company does not lose these benefits as an EOU?


Ravi kiran yadav
28 June 2016 at 17:42

Individual

Can any 1 give me information regarding two types of filling like individual filling nd huf filling with having two pans .what are uses by doing two returns of the same person


jinal shah
27 June 2016 at 16:12

Duty free advance authorization

Hiiiii
I want to detailed procedure for Duty free advance Authorization application ????

Have to file compulsory online ????

what is the Fee ??

Which documents required ??





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