Can we get duty drawback or other rebate of custom duty on imported material when this material (without making any process/ as it is) is supplied to SEZ from domestic market.

Dear Sir,


I need a clarification regarding Refund of 4% SAD scheme in reference to Circular No.10/2012-Customs dated 29.03.2012 wherein as per para 4 it is mentioned that

“Board also reiterates Para 8 of Board’s Circular No. 27/2010-Customs, dated 13-08-2010 wherein it was mentioned that in the interest of ensuring expeditious grant of refund of 4% SAD, the importers may be advised to make the initial payment of 4% CVD in cash.”

DGFT has also informed that no re-crediting shall be done if such payment is made by means of scrips. In other words, in future exporters should pay SAD component in cash if they want a refund.

Please clarify said ‘in future’ word is applicable from which date whether it is from 13.08.2010 with reference to circular no 27/2010
or
from 29.03.2012 as per Circular No. 10/2012.

As we had paid custom duty through incentive scrip against import after 2010, whether we shall be entitled for 4% SAD refund through re-credit or not.

Thanks & Regards,

In case Company is having EOU status and Imports Goods and duty had been charged in bond. now if company wants to return the goods whether duty need to be reversed which is charged earlier in bond same like section 26 in The Customs Act

There is an order received by an indian company to sale its goods to a customer in SRI LANKA. To execute it the Indian company plans to import the goods and instead of bringing goods in India and pay duty, divert them directly to Sri lanka. The customer then get the goods clear by his own cost in Sri Lanka.


Is this transaction possible ? Will it be categories as High seas sale (export). So the Indian company is neither required to pay custom duty nor sales tax.



Kindly advice at your earliest.

Can a company carry out a business of only doing high seas sales i.e importing from one country and selling it domestically before the goods reach the customs territory.Are there any restrictiosn in this regard.Please quote any relevent sections/case laws.Does the provisions of high seas apply in case the import of any class of goods is exempt from import duty.

Dear Professional colleagues,
i working in Automotive Engg units
most of our work done through Import& exports we import the Raw Product & manufacturing(fully or Semi) to Sell it out of India(Export)
As a Account Point of View what the Procedure i have to follow (Import & Export) Pls also tell about the duty draw back
kindly narrate with Illustration
we did customs work through (CIF)Agent
i want do the work independently.
pls consider my case
thanks karthik

Please let me know due date for filing claim of duty drawback on Re-export of imported goods.

Hi All,

our company has imported machinery under EPCG licence and has rightly fulfilled the export obligation within the stipulated time by using our deemed/third party export. we have also received our export obligation discharge certificate but know the deprtmnt has cancelled the EODC stating that the obligation has not been righty fulfilled

They are demanding the Custom duty saved at the time of import along interest

Kindly advice us. whether we will have to make the payment as they will be issuing a demand notice soon.

if we agree to pay the pricipal amt can we take the credit of the same in our banks and fight against the case??

is payment of interest mandatory???
if we pay the interest amt and keep fighting,we will get back the interest amt if the case is in our favour or will it be our cost.

KINDLY HELP AS THE MATTER IS REALLY VERY URGENT

Sir
if any penal interest is paid on custom duty, input credit for the same is available or not?
and if custom duty is paid on demand by the authority, then the input credit is available or not

Is there as specific format for the letter to be given to the AC or DC citing reasons for payment of customs duty under protest due to dispute regarding classification?

If so, please let me know what the format is.

Thank you.