sanjeeda
11 September 2015 at 13:25

Export of sports goods?

Is export duty payable on export of sports goods by a trader? Is excise duty paid on the same by a manufacturer available as refund to a trader on export of the same ?


Rajarajan
09 September 2015 at 15:58

Drawback

Dear Sirs,
I am a registered excise Manufacturer. I bought high cost materials without ED by issuing Annexure 1. No materials was imported. During Aug 15, I exported the manufactured electrical panels to Malaysia without duty on production of LUT & ARE1.

On receipt of Bill of Lading, I noticed that there is a mentioning of refund towards DRAWBACK which I was told that it will automatically credited to my bank account.

My doubt:
Am I eligible for that DRAWBACK? even though I did not pay duty for export and procured materials from India but ofcourse some items were imported but supplied locally by Indian dealer.

Rajarajan


CA RAMESH KUMAR AHUJA

A private Limited company wants to import a Computer Server for self use. Whether IEC Code is required or General IEC Code 0100000053 may be used.



Anonymous
08 September 2015 at 22:25

Iec deficiency messag

I submitted my IEC application online for a proprietorship firm and got the following message. Can someone please help me understand what i do next?

With refereence to the abovesaid subject, it is informed that your case is still deficient for the following;-

(1) Submit copy of firm proof i.e.rent deed/Regd.deed lease Agreement or latest copy of Electricity/Telephone bill.
(2) IFS code of the bank not given on Bank Certificate submit cancelled cheque with IFS CODE OF THE BANK.
(3) Phone number and E.Mail address of the bank is not available in B.C.
(4)Your firm is propship ,but prop is signing the application as director.
(5) Also informed that your official address and residential address is same.


MAHESH CHAUDHARY
08 September 2015 at 17:35

Export warehouse/import warehouse

DEAR SIR,

PLEASE LET ME KNOW ABOUT EXPORT WAREHOUSE/IMPORT WAREHOUSE WITH ANY CHARGES.


REGARDS,
MAHESH CHAUDHARY


MAHESH CHAUDHARY
07 September 2015 at 14:23

What is the work of dgft

DEAR SIR/MADAM,

PLEASE LET ME KNOW ABOUT DGFT AND WHAT IS THE WORK AND BENIFIT FOR COMPANY.


REGARDS,
MAHESH CHAUDHARY


MAHESH CHAUDHARY
07 September 2015 at 14:21

Eepc india work

DEAR SIR/MADAM,

please let me know about EEPC INDIA, why is registration require in EEPC INDIA AND WHAT IS THE BENEFIT FOR COMPANY THROUGH EEPC INDIA.



Regards,
Mahesh Chaudhary



Anonymous

Dear Sir,

I have exported goods to a customer, who has rejected the goods and sold in the same country to another customer. The second customer accepted and remitted the foreign currency after deducting a claim of 24.95% and remitted only 75.05%.
In this case, whether I have to surrender the proportionate portion of Duty Draw Back to Customs for the short realisation.
Kindly advise with relevent notifications please.
Best Regards



Anonymous
04 September 2015 at 11:14

Cvd credit on imports

ours is a manufacturing concern,manufacturing printed circuit board.my question is whether i can take cvd credit on imports for

1. repairs of impedance control systems(excise duty has been charged on removal of goods). (50% or 100% in same year)
2. purchase of software (electronic measuring accessories and software cd.(for testing the pc Board)(50% or 100% in same year)




gerald michael
03 September 2015 at 06:21

Noc from moef for import of used phone

Hi All,

I imported a phone from hong kong to India Bangalore through DHL and the parcel which contains the phone is now held back by Bangalore customs, when I reached out to customs they said it is a used phone as per their inspection and in order to release the parcel for further process they require Noc from MOEF.

I tried searching online about the process to obtain noc from moef, However I did not come across any accurate info, please help me getting the noc from Moef.

Thanks





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query