What is canalizing agency and commission paid to canalizing agent includible in AV in case imported goods?

Hi.

We are a newly incorporated company and we have recently obtained the IEC Number which would enable us to start the activity of import & export.

However I understand that FIRST we have to get ourselves registered at the Ports from where we will be importing or exporting the goods.

Please confirm whether my understanding is correct in this regard and I also request to please explain the detailed and prescribed procedure of registration at port(s) especially the FORMATS of forms/ declarations/ applications etc. to be submitted with the concerned authorities.

Thanks,
Rahul.

Dear Sir,
Our company is importing bags from abroad on which there is duty of 26% (10% basic, 12% CVD and 4% Spl CVD).
Can you please confirm if any of these duty is adjusted with VAT if the products are sold further and What are the compliance's to be done for claiming this like IEC code required etc.
For initial 20 lacs there is no VAT so for that sales can we keep this input in our books also.

From when is MRP base duty(CVD) applicable on chapter 4015.Are all goods under chapter 4015 attracts MRP base duty or only specified items and at what rate.What if in documents medical word is missing in the documents and on the package it is clearly mention medical examination gloves.

Hey all.. I'm in my final leg of preparation.. like many people say it is advisable to do problems from padhuka for CAFM.. I find it a little too much So can I do practice manual problems alone for Practice? is that sufficient?? pls post ur valuable comments thanks in advance

what is red cross channel and green channel?

An Indian Company is an importer and marketer of goods manufactured by a company in Srilanka.

One of the promoter-Directors of the Indian Company intends to join the board of the Srilankan Manufacturer Company.

One of the fellow CAs has opined that the Customs Act on transfer Pricing does not allow a producer in Srilanka and Marketing Company in India to have related promoters.

Can you please clarify and throw some light on this topic? Kindly suggest related readings of particular sections of the Act.

Also, if there is any such restriction, what can be an alternate route.

Regards,
Deepthi

Can we Export any material under EPCG & Duty Draw Back at one stroke.

if we clear the imported goods for home consumption by declaring MRP and other required details too on the product as per the norms of standards of weights and measures Act,then we need not to pay SAD, as per the provisions of Custom Act,

1.Then is it possible that we can claim CVD, which was levied on such imported goods on bill of entry, as input credit from excise duty, if we do manufacturing activity from such goods.

2.Is it is allowed that we can do manufacturing activity from such imported goods, as per the provisions of law.

Respected Sir/ Madam,

I request u to give information about how to obtain import license for individual (Proprietorship)or give me mail id of any of your contact person who have knowledge in this area.

I expect to receive your cordination.

Thank You.