Our is a newly incorporated company. Before its incorporation, one of the group company has imported plant & machinery which are supposed to be transferred to our company after its existence. All the taxes on such import were paid by the group company.Now we are in the process to transfer the same.
Please guide us with the best accounting treatment for this so that the new company gets the benefit of the custom duty paid by one of the group company.

Hello,

I've paid 4% Counter Veiling Duty(CVD) u/s 3(5) of Customs Act. while importing goods from China which I've later sold in India. I'm a dealer. Please let me know the procedure to obtain refund(or set-off) for the same.

Dear All,

We have taken excise refund under Rule 18 of CER 2002 and Notification No.21/2004 CE (NT) dated 6.9.2004. and DEPB Benefits as well against exported shipment.

Now, we have claim Duty Draw Back against exported dispatched as DEPB is closed. Kindly let me know that we can apply for excise refund under Rule 18 of CER 2002 and Notification No.21/2004 CE (NT) dated 6.9.2004.

Looking for your kind reply.

regards,

Sunny

Dear Sir,

we have not received duty drawback amount against the shipping bill no.8324793 dated 03.04.2012 what should i do for.. plz advice

regards
Rajendra Bhalerao

Who has paid lending charges to whom??

I have noticed that one of the company has not recording the Lending charges in to systems.
Is lending charges at the time of import of goods included in total amt of Import purchase.

In Bill of Entry it was shown but the Accountant said that it not included in total import purchase

If I purchase lathe from China as under
Machine cost 20000
Shipping Cost 5000
Insurance 500
What will be custom duty I will have to pay?
Satish

Our Client is doctor by profession.He want to purchase Laser machine(surgical equipment) from Italy.Should he apply for IEC or he should simply purchase it.Will he get benefits if he go by way of IEC?Its urgent please reply.

Hello Expert,
I want to know about importance of Form No. ER-2 in a software co., how to fill it,precotions and detail.
From where I'll get all these answers in detail.

Dear experts,
I have Reconcile the realization of foreign debtors (invoice-wise) with the bank A/c in which such amount has been received.

My boss have to issue the Verification certification of total FOB value of exports based on the Bank realization Certificate.

Now my query is
1. what should be check while verifying it?
2. How to check the FOB Value?
3. We are informed that the bank normally deduct 10% amount of foreign debtors and released the remaining amount.
3. Do bank deduct the amount?

Dear All,

greeting for the day!!!!!1

kindly let us know the procedure to open online account with edi port for refund of duty draw back for exported shipment.

Looking forward to your kind reply

regards,

Sunny