We are in a difficult situation and would appreciate some advice. We are a 3rd country based trading company (let’s assume “Singapore” for this case) and have bought goods from an Indian manufacturer and shipped them to our client in Europe. The client in Europe needs a “Certificate of Origin – Form A”.

The relevant Indian government organisation is not willing to issue a form-a, with our Singapore co. as shipper, because it’s not an Indian registered company.

Usually when we purchase from china, we are easily able to get a Form with shipper shown as “Chinese Company O/B of Our Singapore Co”. But it seems that this is not possible in India?

The solution advised by client is, we get a CO-Form A, Issued by the real manufacturer with the real manufacturer as “shipper” and “to order of” as consignee. In this form, column 10 (Invoice No), would be the invoice number of invoice issued by the manufacturer to our singapore Co. In this case the customer says, the EU Customs authority “may” ask us to provide a copy of the invoice between the real manufacturer and our Co. This exposes our margin, hence is not preferred by us.

The goods have already been on board for the last 10 days. Would appreciate some advice on this.

Other Notes: This is purely a TT Transaction, hence no LC Involved

MY FIRM HAD PURCHASED THE GOODS FROM OUTSIDE INDIA AND IT HAD BEEN IMPORTED INTO INDIA AND LANDED AT THE PORT ALSO DUTY HAD BEEN DETERMINED ON THAT NOW WE BOOKED THE GOODS AT $7.7/KG AT THE TIME OF PURCHASE BUT WHEN IT REACHED TO INDIAN PORT THE DUTY WAS DETERMINED ON THAT BASIS BUT AFTER THAT WE MADE NEGOTIATION FOR THAT GOODS DUE TO DECLINE IN THE RATE OF THAT PRODUCT INTO INDIA AND THEY DECIDED TO MAKE IT TO $7.2/KG NOW WHETHER DUTY CAN BE REDETERMINED ON THE BASIS OF $7.2/KG OR NOT SO THAT WE CAN PAY THE DUTY ON THE BASIS OF THE ORIGINAL INVOICE AMOUNT BECAUSE WE ARE GOING TO MAKE THE PAYMENT TO THE FOREIGN PARTY AT $7.2/KG AND THE DUTY BEING DETERMINED AT THE RATE OF $7.7/KG.

Hi All,

Please help me with this query.

My co. imported some tools and machinery for installation purpose now it wants to re export it. Is there any way to send it back without paying export duty.
Thanks in advance.

With Best Regards
CA Richa Sharma

Hi Sir,

One of my client is going to start a BPO and for this purpose they are importing some computer eqipments from overseas on which CVD will be paid, after getting these equipments in india they will start providing services to clients.

My question is that as per cenvat rules can we take credit of this CVD against service tax liablity, and if yes what is the procedure/documentation of claiming this credit?

Kindly suggest me the correct way to do this.

Thanks
Lalit Gupta

Hello,

We are a manufacturer & exporter of automotive componenets. Recently we have started export of a new product. H.S.Code is 94019000.

Please confirm can we get any benefit under Chaptor 3.

Thanks for suppot

sir,
plz suggest me reference site or kindly explain me the procedure related to import and accounting treatment of the same

1. how will we treat import duty paid and other expenses related to import like destuffing charges, storage charges, detention charges etc in accounts.
2. why the amount entered in the delivery note deffer from bill of entry

in VAT return purchase are entered from delivery note. that amount is entirely different from bill amount.

3. how DELIVERY NOTE amount calculated

4. How we we can tally purchase as per VAT return and Purchase as per accounts.

5. how we can treat exchange dereference (purchase date rate- Payment date rate) in party account.

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