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?
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
Hiiiii
I want to detailed procedure for Duty free advance Authorization application ????
Have to file compulsory online ????
what is the Fee ??
Which documents required ??
1) Can I import goods to India under my firm name by paying using credit card from online website?
2) If yes, is there any amount limit for the same?
3) Are there docs or proofs which support both the statements above if they are true?
Firm started in 2014 engaged in manufacturing of textile goods with investment in Plant and Machinery of Rs.1 crore, having a turnover of Rs.20 crores, whether liable to get registered with Central Excise. kindly clarify
xyz ltd is a manufacturing company and it is importing good from Tibet on CIF basis up to Mumbai and from Mumbai the shipping company , up to destination(hyderabad) provides transport services through its agent, for that transportation services they will give service bill inclusive of service tax . and now can xyz ltd can claim the above services as input services and service tax paid on it as Cenvat?
For exporting a product which all acts have to comply with?
We are starting an export business from India for printed material. I understand that I need to get the AD code letter from my bank. Are you able to provide a standard format or is this something that the bank should have this. Also my first shipment is through a courier company so which port should I register my IEC and AD Code. We are new in this business so would love to have a chat with you if you can spare some time & share your contact details. Thanks & regards
Priti
Please clear the concept of Value Addition Calculation while export of gems and jewelry.
Value Addition (VA) for gems and jewellery sector shall be as per paragraph HBP v2 .
It would be calculated as under:
A – B
VA = ----------- x 100,
B
where,
A = FOB value of the export realized / FOR value of supply received.
B = Value of inputs (including domestically procured) such as gold / silver / platinum content in export product plus admissible wastage along with value of other items such as gemstone etc. Wherever gold has been obtained on loan basis, value shall also include interest paid in free foreign exchange to foreign supplier.
If anyone, clear it with example.
sir, i want IEC code, i know the procedure but the thing is, i also want to register AD authorised Dealer code at various port.
my queries are:
1] do i have to mention port address while applying for Fresh IEC online from which i will export my goods?
2) for geeting AD Code, what is the procedure?
3) can i get registered multiple port at a same type? and after registering AD code at port, do i need to update IEC by following procedure for modification or automatically, it updated by custom officer ?
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EOU wants to operate a warehouse in US