What is the penalty and interest on non fulfillment of Export obligation for machines imported under EPCG licence

Dear expert,
I am a newly qualified ca of may 2015 attempt.
i am working in a chandigarh based company. company is importing lenses from chaina and then with the help of india based other material they made the 3D glasses.
i.e. lenses' shape is changed/Unidentifiable as final product of this chandigarh company is known as 3D glasses
and 3d glasses are being sold undr vat/cst as applicable.
Now can this company claim the refund of CVD 3(5) paid on import of lenses? but as I told original lenses' shape is gets changed with newly formed 3D glasses. On ultimate final sale of 3D glasses
Excise is not there as sale value is <1.5 crore but vat cst is being paid by company.

Qus: can this seller company of 3D glasses claim the refund of CVD 3(5) paid on import of lenses from china? if yes then what is procedural part?

we are manuf. I want to know that I have bill of entry, addl. duty 4% mentioned of bill of entry so cenvat credit taken of add. duty or not. plz reply me. thanks.

Dear All, I want to know whether there is any excise payable on HS Code: 40151900 Product Name: Latex Medical Examination Gloves. We get in bulk bags and repack into OEM after importing. Kindly tell whether we have to pay any excise duty on the above or is it exempted. Regards. TYIA

Dear All,
I have paid 4% Additional Duty, so do we get the 4% Rebate after the sale. HS Code: 40151900 If Yes, kindly tell me the procedure for it and can it be done Online. Hope to get a positive reply. Regards. TYIA

Respected Sir / Madam

What is the import duty as per FTP 2015-20 on import of Offset printing Machinery from Japan?
can i trust calculator provided on www.icegate.gov.in ? is this calculator updated with latest rates & exemption notification?

thank you

Dear All,

I have paid 4% Additional Duty, so do we get the 4% Rebate after the sale.
HS Code: 40151900
If Yes, kindly tell me the procedure for it
and can it be done Online.

Hope to get a positive reply.

Regards. TYIA

We are an Indian Company importing Specialty Paints from Europe. Now we have a client ( Singapore Firm ) not having an Indian Entity to buy paints from us for their Indian Projects but invoice needs to be on their firm. The buyer is in Singapore, Seller in Europe but we need to make an agreement for selling the Paint on High Sea Sale. What precautions need to be taken in he agreement? are we effected by FERA / FEMA? we declare this as income & pay taxes the Income Tax. Does it have any repercussions in view of VAT / Customs Duty. Please advise

Regards
Srikanth

I am Distributor of HP GAS.
I need excel sheet format for stock/ inventory register on daily as well as monthly basis

Experts,

We take 4% SAD refund on selling imported goods by charging either VAT or CST (as the case may be)
The same goods are exempt from sales tax in particular state i.e. maharashtra, now my question is can SAD refund be taken if that product is imported in maharashtra and sold in the same state without charging sales tax (as it is exempt) ?

In short my question is, is it mandatory to charge sales tax (VAT/CST) to get SAD refund ?

Thanks.