Respected Sir's

One of our client have made an Import on 30.04.2021 and now they have realized that the commercial invoice ( 1000 $ ) through which they have imported the goods doesn't had shipping and handling charges and they have got another invoice from the overseas vendor with Shipping and Handling charges .The invoice number remained same and the invoice date and the Invoice value was amended to 1250 $. Based on the amended invoice our client have made the payment to overseas vendor and now the Bank people is calling for the BOE proof of the same.

Can the BOE be amended now as its almost an year, and if so can it be done online.

Please advice

When the Customs duty is calculated, should we consider GST on Insurance premium also to arrive at Assessable value ?

Example 1 :
Insurance sum assured - Rs 30 Crores
Premium paid - Rs 10 lakhs
GST paid @ 18% - Rs 1.8 Lakhs
% of insurance - (Rs 10 lakhs / Rs 30 crores) X 100
- 0.0033 %
C & F price - USD 100
Insurance - 0.0033 ( 0.0033 % of USD 100)
CIF price / Assessable value - USD 100.0033

Example 2 :
Insurance sum assured - Rs 30 Crores
Premium paid - Rs 10 lakhs
GST paid @ 18% - Rs 1.8 Lakhs
Premium paid and GST - Rs 11.8 Lakhs
% of insurance - (Rs 11.8 lakhs / Rs 30 crores) X 100
- 0.0039 %
C & F price - USD 100
Insurance - 0.0039 ( 0.0039 % of USD 100)
CIF price / Assessable value - USD 100.0039

My opinion :
Since the Input tax credit is availed for GST portion of Insurance premium, it need not be considered for arriving Assessable value. So, Example 1 is correct.

Kindly advise.

I would like to inform you that, I wish to amendment shipping bill number. And it's date is 21-09-2021. Now IGST refund Rs. 5.42 lcas hold in this reason.
Please reply.

Hi experts. As per the Circular 35/2016-Cus dated 29th July 2016, the EOU is required to be submit details of quantity imported, consumed, re-exported and in stock in FORM A.
Can anyone clarify whether it is mandatory to furnish monthly Form A for Nil return also ??

i have heard that juse IEC code required to login on icegate can somebody please tell me how to login on icegate portal?

Sending goods outside India for auction. Example company A in India send machines to Mexico for auction. Price will not be known at the time sending the machines. Only auction agreement will be made available to us. How do I send the machines? and at what price I have to issue the invoice?. Price may change according to the bidding in the auction i.e, it may go up or down.

What are issues related to FEMA if price goes down in auction.

Q1. Is it necessary show re-assessed bill of entry specified in deficiency memo ? what if re-assessment is not done at a prior stage? To whom re-assessment application is made?
Q2 which authority to approach in such case Refund claim under section 27 or Appeal under 128?
Q3. what the limitation period to file an appeal is over?

Respected Sir/Mam,

I want to know about time limit for "payment of custom duty" after arrival of vessel at port.
I have an idea about Sec 47 of customs act. I also want to know about whether payment of custom duty is impacted by Entry Inward date.

We I started to register AD code at ICEGATE it shown that I have already registered. When I was checking for my password at forgot password with my PAN No. it shown User ID is wrong.
Please let me know how to get the User ID and Password from Icegate.

Please help me to regiter the AD code at Icegate.

Thanks

Venugopal Krishnan
9324040779

Non-physical Imports of the intangibles
(i) AD Banks are required to obtain a certificate from a Chartered Accountant that the software’s, data’s, drawings or designs have been received by the importers where imports are made in non-physical form like software’s or data’s through internet and drawings and designs through e-mail.
(ii) AD Banks are also required to ensure that the importers have to keep inform to the Customs Authorities against the imports as made in non physical form.

Dear Respected Sir,
I am dealing in digital goods(Digital Assets) and receive goods via web. Please advice me how I report to custom department for non physical goods import.

Thinking you
Irfan Khan