Easy Office


Swapnil Jain
24 January 2023 at 15:09

Export incentives for Importing

Dear All
I am exporting some good from India to africa. The value is approximately 18 lakhs FOB. In near future I am going to import few machine for domestic use. Which benefits can I avail during import of machines. Please suggest


Poorti Kulkarni

Q1. Is it necessary show re-assessed bill of entry specified in deficiency memo ? what if re-assessment is not done at a prior stage? To whom re-assessment application is made?
Q2 which authority to approach in such case Refund claim under section 27 or Appeal under 128?
Q3. what the limitation period to file an appeal is over?


Kempe Gowda
22 January 2023 at 23:14

Barrowing money from Friend/Relative

Hello Friends,
Can you pls clarify on below questions.
1. Is there a limit on amount I can barrow from friend/Relative? Can I barrow like 1-3crs from their declared income(tax already paid)
2. Do I have to pay them interest at minimal rate if I have to keep the amount from more than year or two.
3. Do we have to sign agreement for documentation purpose if the loan is for long term to furnish to IT dept if demands as I will be declaring the loan during IT filing.

Thanks,


Prajith Us
31 December 2022 at 18:56

Repair and Return

My friend send one equipment to service, its not working conditions and 3 year old used in hospitals, for customs clearance what are the documents i need to submit, whether i need to pay custom duty?


Harsh
22 December 2022 at 15:02

Payment of Custom Duty(CD)

Respected Sir/Mam,

I want to know about time limit for "payment of custom duty" after arrival of vessel at port.
I have an idea about Sec 47 of customs act. I also want to know about whether payment of custom duty is impacted by Entry Inward date.


Venugopal Krishnan
29 December 2022 at 16:09

Missed user ID and Password of ICEGATE

We I started to register AD code at ICEGATE it shown that I have already registered. When I was checking for my password at forgot password with my PAN No. it shown User ID is wrong.
Please let me know how to get the User ID and Password from Icegate.

Please help me to regiter the AD code at Icegate.

Thanks

Venugopal Krishnan
9324040779


Nitin Nitin
16 December 2022 at 20:45

Custom reporting for non physical goods

Non-physical Imports of the intangibles
(i) AD Banks are required to obtain a certificate from a Chartered Accountant that the software’s, data’s, drawings or designs have been received by the importers where imports are made in non-physical form like software’s or data’s through internet and drawings and designs through e-mail.
(ii) AD Banks are also required to ensure that the importers have to keep inform to the Customs Authorities against the imports as made in non physical form.

Dear Respected Sir,
I am dealing in digital goods(Digital Assets) and receive goods via web. Please advice me how I report to custom department for non physical goods import.

Thinking you
Irfan Khan


subrata halder
18 November 2022 at 12:26

Forgot icegate id

how to retrieve icegate id


mohd adnan ansari
02 November 2022 at 17:06

Self sealing permision

If merchant exporter is purchasing the goods from the manufacturer and container is being stuffed at the manufacturer factory,
merchant exporter booked the container and container will be sealed at the same time just after the stuffing and will directly be dispatched to the nearest customs
then who needs the sealing permission Manufacturer or merchant exporter
Please give your valuable suggestion

thank you


Kala Manickam

A 40 inch TV purchased in Ind in 2017 was taken abroad by an individual when he shifted for his job. He now wishes to take it back to India for his parents' use as he has a TV in his rented place. Will this attract customs duty?