I have one doubt.
A company have been purchasing a raw material from outside kerala.(interstate purchase)
Now they have got tied up with a foreign supplier.
A shipment of goods (raw material) is 15000 tonnes.
but company don't require that much quantity, say need only 7000 tonnes.
The balance 8000 tonne they want to sell.
the questions are:-
1) Whether they can sell raw material?
2) if can sell, whether high sea sales is the option?
3) if can sell - high sea sales, whether they have to sell to one single party, or can sell to many parties?
4) whether the co. have to account for the full quantity as purchase?
5) How sale of raw material to be accounted?(balance of 8000 tonnes) whether it will form part of sale of finished goods? or to be shown as high sea sales under other income
6) whether VAT is to be collected on the balance quantity sold, on high sea sales? or whether will be treated as E1 sales, if sold to another state?
7) whether customs duty on full quantity have to be paid by the company?
hope someone can help me.
regards
Muraleekrishnan.A.K. FCA
cochin.

Dear All

I am importing stainless steel from thailand to nhava sheva port, india.This shipment after landing indian custom area , I Will move this shipment of stainless steel to another country which is germany , so my quetion is how cleared that third party export through indian customs,pls suggest any notification for this type of shipment or procedure how will it clear through indian customs.

Dear Experts,

I wish to start a small online business of my own and have registered an LLP for the same. We shall be importing products for sale online.

My question is, should I register for an IEC in my name or my company's name? and which option would be better for benefiting from duties and taxes point of view and also other legal compliance?

Would really be thankful for some smart advice on the same. Thanking you,

Ali Jaffer

Can anyone explain me as for duty payment of rawmaterial, components and also capital goods can avail the benefit of SHIS?
Thanks in advance



Daivashala

Dear sir ,

i just want to know, from when the custom duty applied for the HS code 84191900 item - Vacuum tube of solar water heater ,which notification attract this products

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IT IS WORTH RS.9800(180$)
SO SHALL IT BE EXEMPT FROM CUSTOM DUTY IF I BRING AS A GIFT ???
PLZ SHOW ME THE REASON ON HOW CAN I BENIFIT FOR NOT PAYING CUSTOM DUTY ???

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Can we avail export incentives like MLFPS, DBK, EPCG etc. for export to S.Africa?

If yes then how?

Can INR BRC eligible for avail export incentives?

Dear Sir,

We have with us EPCG license. under said license we imported some tools which we have installed in our supporting manufacturers premises.

But address of supporting manufacturers in the license & actual installation premises are different.

Both the comopanies owned by our supplier. But legal entity is different.

Now we have to apply for installation certificate from Central Excise.

Please guide us we have to amend our license with new address of supporting manufacturer.

Which range or division of central excise will issue installation certificate? Our or supporting manufacturer?

please support us.

Thanks

Hello,

We are a manufacturer-exporter. Just now we have shifted to our new manufacturing plant. We have closed all operations from old plant which was rental premises.

We have with us Factory Stuffing Permission for both plants. We want to surrender Factory Stuffing Permission of old plant.

Is there any specific procedure to surrender the Factory Stuffing Permission.
Please guide us or tell us where we will get said information.

thank you.