Business now a days has become so much difficult due to the rising unreasonable demands from the factories and the mills.

Well, we are import house based in Mumbai. Importing raw material under Custom Tariff Ch. 72044900 ferrous scrap and others wherein the Custom Duty is 0% but Excise and SAD in total is approx. 17.36% (inc. of landing charges 1%) which itself is becoming a loss itself. The factories are demanding the material without excise bill and only want the Sales Tax bill.

For e.q.
We import goods at USD $400 (CNF value in INRs. 21600/MT) therefore
Rs. 21,600 Basic
+ Rs. 3,800 Excise & SAD
+ Rs. 1,200 clearing and other charges
----------------------
= Rs. 26,600 landing cost + CST/VAT as applicable.
# MODVAT available approx. Rs. 3,650/MT

But the factories and mills are asking the price of Rs. 26,500/MT + VAT/CST that too inc. of transport and doesn't want to pay the Excise neither they are interested for claiming the MODVAT. The Net Loss is Rs. 3,000/Mt approx. Whereas if I sell with bill our profit margin is not more then 500-800/MT.

Kindly please suggest me, what should be done in this extreme situation.

Regards,
Krunal
+91-9833698410

if extension of export obligation beyond 8+2 year can be considered for a further period of two years with condition that 50% of duty payable in proportion to unfulfilled export obligation is paid to customs - para 5.11 of HBP Vol. 1 2009-14 - MF (DR) Circular no 16/2006-Cus dated 09-05-2006.
if the party fulfills whole of export obligation , whether 50% amount deposited with custom, will be refundable

Dear ALL,
I would Like to know about how to deal during the audit in case of dealer is purchasing goods from singapore and selling it to dubai before entering the goods in India.

Can both registered or unregistered manufacturers and registered or unregistered dealers can take refund of SAD @ 4%?Please elaborate who can take(mfg or dealer) & whether he must be registered or not?

Dear Sir/Madam,

A steel Traders sold a goods from Mumbai to Doha Qatar without levying Custom duty.

Please Clarify the Same With sction and link.


Thanks,

Krishna

what is rate of interest on warehoused goods kept beyond the period?

my client is a manufacturing concern then what will be warehousing period for it?


Regards,

munna.

Can anybody tell post export epcg duty credit scrip exactly what is?

what will be the benefits?

Dear Experts,

Kindly help me the following.

Procedure for Import of used machinery from China to Chennai.

1) Procedure to import used machinery.
2) What are all the documents required?
3) Rate of duty


Thanks in Advance.

HELLO...
WHAT IS THE PROCEDURE FOR OBTAINING A PUBLIC WAREHOUSE UNDER CUSTOMS AND DOCUMENTS REQUIRED?
CAN WE APPLY IT ONLINE ?

in which case credit on SAD only 50% will be taken?

Regards,

Munna.