Prem Chandra Thakur
03 September 2013 at 18:33

Duty entitlement in respect of export

Dear Sir,

We are the manufacturers of M.S.Wire and export the same goods to Nepal. we sale the goods to Nepal without payment of Excise Duty by obtaining the LUT from Asst. Commissioner of Central Excise.

Someone informed us that the exporter is eligible to get the benefit of Duty Entitlement.

Kindly explain us Duty Entitlement Pass Book Scheme.

Regards,

Prem Chandra Thakur


Davis
03 September 2013 at 16:17

In-bond sales (bond to bond transfer sales)

Hello,

We have a customer who need in-bond sales.
We import to equipment in our company name & transfer to customs bond warehouse.

On receiving customer purchase order, in-bond sales agreement and other documents. We de-bond the equipment and bill to customer in INR.
Do we need to add VAT.

Please share your input.

Thanks & Regards
Park J Davis


Partha P Bhattacharya

What is the step-wise procedure to get an assessed Bill of Entry reassessed after adjudication of appellate review and adjudication.

The clearance was not provisional. Instead, it was merit-based per revenue interpretation. Hence, a case where we paid higher import duty and filed the appeal. The tricky part of it is that Commissioner (Appeals) accepted the concessional duty notification to be invoked and have reduced the BCD from 10% to 5%, but not the corresponding CVD. That means there will be an impact on the CVD too for claim of refund.

Suggestions are welcome on:
1. Procedure of reassessment
2. Do we need to reverse the CENVAT credit availed through CVD levied in original assessment.
2. Does it require a certificate of Excise Department??

Best Regards
PP Bhattacharya


lokesh
03 September 2013 at 12:30

Imported fixed assets accounting

Custom Duty@7.5%& Cess
CVD@12% & Cess
Import Duty@ 4%

BE Date

1.at what amount capital assets should be capilised in BOA
2.Assessee has claimed and taken 50% input of custom duty.
3.What should be the treatment of frieght paid in india and abroad
4.what should be the dates for calculations of Forex Gain.


ACS Gaurav Jain
03 September 2013 at 11:41

Refund of epcg deposit

sir,


we have some term deposit in realtion to export. we completed and now we can get refuned of deposit. what is procedure and form require under this.



Anonymous
01 September 2013 at 15:06

Import duty

we are manufacturer and have central excise registration. We export the goods under our UT-1 Bond. we would like to import raw material on which we would like to avail benefits like custom duty, additional duty, CVD, Anti Dumping Duty 100%.

Kindly advise suitable and favorable import export incentive schemes for our industry.


udaykumar
29 August 2013 at 18:13

Re credit-b-17 bond amount

We are 100% EOU Unit We have executed B-17 Bond to import Material under Duty free.
Can we Re credit the B-17 debited amount after DE-bonding the capital goods by paying applicable duties?



Anonymous
28 August 2013 at 16:05

Epcg scheme

CAN SECOND HAND MACHINERY BE IMPORTED UNDER EPCG SCHEME?


Junaid Ahmed
28 August 2013 at 14:59

Supply

Myclarification on forex and clearance.

We ordered an item from France in Euro. The company we ordered in France, asks its dealer in chennai-India to supply the item.

The Foreign company raised a invoice in Euro for product supplied and demanding money.

Our clarification is,

Whether it is allowed,
How do we pay euro amount to france co. for the supply made by their Indian dealer,

Any relevant FEMA provision is available for payment.

Can you please clarify.



Anonymous
28 August 2013 at 08:56

Export through post

we have an export company in the form of proprietorship. we usually export through couriers for small consignment say 1 or 5 pieces.
Can i claim drawback on it?
If yes, will it be only when we export through India Post?





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