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Some question ,, Please Give ans urgenty !!
Q.1 Are Export of fabrics made product free from duty?
Q.2 If no , what is the rate of duty for export textiles materils ?
Q.3 Are rate of export duty differ countr to counrty ? ( we want export fabric made item to USA and Itly )
Q. what documents are need to attached along with the consignment ?
Q Is there any export incentive on export?
This Query has 3 replies
Normally, exports are made
in US Dollars/Euro/Sterling Pounds, etc. Some consultants in the field of textile exports are now suggesting that exports, even to non-Asia Clearing Union countries such as UK and Japan, can be made in Indian Rupees! This necessarily entails that:
1) Invoices will be in Indian Rupees
2) Customs shipping bills will be in Indian Rupees
3) G.R.Forms will be in Indian Rupees
Is this really possible and allowed? Can anyone guide me to some written reference, policy notification, etc. which confirms that exports in Rupees are freely allowed by the Indian Government?
Can we claim duty drawback against such exports in Indian Rupees?Again, I request that you suggest some written reference material or notification confirming this.
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The AGRA CORP, one of our suppliers quoted the price for Australian White Wheat USD 295/- per MT (Bulk) FOB-Australia & payment term as 100% site LC. What are the factor you will take into consideration to get the Final cost ?
Thanks in Advance.
Regards,
Vikas Aggarwal
This Query has 3 replies
Advance license was issued in 1995 and EO was also made by the licensee. The firm closed in 1998. Now in 2011, the firm was issued SCN asking for the EO Compliance details.
Defaulter order has also been pasted outside
the premises of the proprietor of the firm.
a) What is the time-limit of keeping EO
records by licensee ?
b) Is there any time-limit for issuing
SCN after non-compliance of EO ?
c) Suggest the course of action.
Regards
CA Pravin Saraswat
This Query has 1 replies
Respected Sir,
I am Tom from coimbatore . i am running a Import and export company from past 10 years. I have a dout that is iam planning to import metal scrap from africa,same scarp is going to Export to china,
I dont want to pay the custom duty in india. For that what should i do?
Regards,
Tom
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Where there is a requrement of permission for self sealing or self certification for 100% E.o.u.'s
This Query has 1 replies
Where there is a requrement of permission for self sealing or self certification for 100% E.o.u.'s
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We are applying for Revalidation of Advance License Our Export obligation is fulfilled but Import is not completed can we show our Export obligation is fulfilled or we need to not show Details of Export Obligation fulfillment. in Serial No. 6 on ANF 4E. Please suggest.
Regards,
Siddhi Nath Chaturvedi
This Query has 1 replies
We file shipping bill manually at ICD Kheda. No due date for BRC is mentioned in shipping bill. In that case what date will be assumed. Is there any prescribed time for submission of BRC?
As per PUBLIC NOTICE NO. 06/2010-CUSTOMS "Exporters will submit a certificate from the authorized dealer (s) or chartered accountant providing details of shipment which remain outstanding beyond the prescribed time limit by the authorized dealer/RBI on a 6 monthly basis."
As due date is not mentioned in shipping bill how can we know which shipping bill are outstanding beyond the prescribed time limit.
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I own a company that supplies bottled water. I am interested in exporting said water to India. I would like to communicate with an expert re: the duties I will be required to pay in India. Would those duties be better (lower) if I exported bulk (not bottled) water. Also, is there a program whereby I could mitigate those duties by exporting an Indian product back to the USA.
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Export of handloom product