Sir,
We establish our new firm for doing export import business 4 months back.We open a Current account with UCO Bank 2 Months back.Now we get a export order for this we have to registered Our BANK A.D.Code with mumbai PORT.
But our bank officials said that they can not give A.D.Code certificate as our account is not 6 months old with bank as per RBI Guiedline.
I want to know are there any such guidlines by the RBI.

Dear Sir,
we are imported material on high sea sales basis, We paid to custom commissioner Rs. 886792/- as Follows:
2.5% - 329875.80
Cess: 4/MT - 5253.70
Custom Ed. Cess - 6702.60
Custom SHE Cess - 3351.30
Additional Duty - 541608

of the above cost which cost we recovered by refund route or credit route?

We are 100% EOU, we are export various goods. In normal practice we raise invoice in USD and receipt of invoice is also in USD.
Now one of the part insisting to raise the invoice in rupee currency and they will also make payment in rupee currency.

i have query whether there is any drawback or any benefit in such transaction in view of income tax, custom, RBI Policy etc

Please give a valid answer
Thanks in advance

Dear All,

A EOU for which Sec 10B applicable, pays tax under MAT. Now the question is whether company can claim export benefits under focus product scheme??

My client is merchant exporter at kota. We Have IEC code. Manufacturer is at pune. Manufacturer has issued UT1 and B1 bond as there is provision that he can do so in lieu of CT1.. Now my query is whose invoice value will be included in ARE 1 as it is issued by manufacturer. Because export invoice issued by merchant exporter Have value in dollars.

If i am a consignee and i have imported material than am i eligible for 4% SAD from customs

What is the meaning of Vessel & Voyage No. in Bill of Lading?

Thank u

I am ca final student,my final exam is due in Nov 15 and my question to you with regards to applicability of ftp 2014-2019,where as old ftp is no more for my exam,bcause I read that ftp gets revised every four years,so kindly sujest me as to what I have to prepare considering Nov 15 exam.thanqu

Hi Experts.One of my client purchase detergent powders from local area(tamilnadu)and then he exports the products to One Gulf Country.
Is He need to Submit Form-H to the Local Sales tax Authority or to anyone.The Export Invoice is purely merchandise export since he did not manufacture the products.just he rule as a reseller. What is the impact? Pls any one suggest me.
Thanks.

I am planning to import Ready made garments from China as an importer. I will be paying custom duty on imported goods. I am in negotiations to pay royalty @ 1% on sales of imported ready made garments. Is custom duty is applicable on royalty payable as per custom rules? Please advise