Dear Sir,

If we import goods from outside india, the custom duty is exempted on electrical goods(like mobile parts) in semi Knocked down form .what is the procedure to availing exemption of custom.

Why does CBEC notifies both buying as well as selling rate. In case of selling rate logic is clear as invoice is in Forex and we need to convert it into INR, but what's about buying rate, why is it notified? It will be used in export but export invoice. already in INR...

Dear Sir so, I am importer of Rubber from Vietnam. One consignment fail to obtain NOC from Rubber board,the government authority to allow imports as it failed in sample testing. I already paid customs duty,SAD and other levies. Can anyone please advise how to proceed for re-export and get back duty paid.

I imported machineries and applied under EPCG scheme to make it duty free, since then 2 years have passed and i have not yet exported anything.

I need a clarification on :
1. Do i have to file annual returns for the exports?

2. now as my export is nil till date, do i have to file a nil return?

We are exporting engineering goods to Bhutan and Nepal and receiving payment in INR. Can we claim export benefits against such exports under chapter 3 of FTP. A plain reading of the MEIS scheme focuses on free foreign exchange (para 3.04). Kindly advice

I am a representative of an NGO with 35 AC, 80G and FCRA certification.
We are willing to import some equipment from Australia for our development Project.
What is the provision for Tax/ Duty or other formalities related to Charitable trust's Import and Exports.Is there any exemption on duty? if we will be sourcing it from abroad.
We do not have any licence for Exports/ Imports. Can we have the licence?
Thanks.

I want to add another firm to my existing IEC,

how Can i do that?

also while importing how Can i mentione the same new firm which is updated?

Can we take road permit on proforma invoice, If yes what is the procedure and documents required?

. Revti industries has a factory at lonavala and two branches at vapi and silvase. The goods produced at factory are dispatched to the branches. The goods are produced at cost of 170 per unit. The transport cost to vapi is 35 per unit and to silvase are 30 per unit profit @ 20% on cost is added during March 2015, quantity manufactured was 25000 unit. out of this 7500 units were sent to vapi and 6500 unit were sent to silvase
the sales during month were.
A. lonavala -9000 unit to local customer
lonavala 2000 unit to overseas buyer
b. vapi -6500 unit to local customer
c. silvase -5500 unit to local customer in addition 500 units were captively consumed
calculate excise duty payable @ 12.36 %

Q. Revti industries has a factory at lonavala and two branches at vapi and silvase. The goods produced at factory are dispatched to the branches. The goods are produced at cost of 170 per unit. The transport cost to vapi is 35 per unit and to silvase are 30 per unit profit @ 20% on cost is added during March 2015, quantity manufactured was 25000 unit. out of this 7500 units were sent to vapi and 6500 unit were sent to silvase the sales during month were. A. lonavala -9000 unit to local customer lonavala 2000 unit to overseas buyer b. vapi -6500 unit to local customer c. silvase -5500 unit to local customer in addition 500 units were captively consumed calculate excise duty payable @ 12.36 %