Hello Experts
I want to know if one of my friend living in US parcel me jewellery items to me.
Should I liable to pay any taxes.
What are the rates of taxes.
What if the sale value of jewellery is less than the original value then which value would be used to calculate taxes, there is proof of sale value as merchant invoice.
Is there any option to avoid taxes if incurring.
tell me how.
I have no blood relation with my US friend.
Thank You

What is difference b/w Rebate and Discount ? kindly explain with Example ......

An assessee is trading unit and have paid duty as mentioned in subject matter @ 4% while clearing goods from customs.

Now, he has not filed any refund claim since commencement of business. business started 2005.

pls note accounts does not show any entries as to addnl duties receivable or line item in balanced sheet.


I am aware of following notification:
1. Notification No. 102/2007-Customs
2. PUBLIC NOTICE NO. 43 /2008 Dated 06/06/2008

Now question arises,

1) Whether assessee is entiled to file refund even after so long time, if yes to extent what period

2)If assessee charges only VAT and pays it regularly and do not stipulate anything on invoice as to 4% of duty; can it be said that incidence of duty has been passed to buyer ?

3) The certification from assessee requires following contention
''3. Incidence of excess Customs duty deposited at the time of customs clearance and now covered by the refund claim has not been passed on to the customers and this amount has not been included in the sale value''

If only VAT is shown in invoice, Can it be said that Addnl duty of customs has not been included in invoice?

Can anybody explain Process of enhancement Import validity of Advance License and required documents for the same.

Our Company wants to engage a job worker who is in SEZ unit. Our Company imports raw material from Foreign party and keeps the goods in the bonded warehouse at Port.

Whether such raw material can be supplied to job worker?

Any implications on the above transactions?
Any curcular / instruction / notification issued under EOU/SEZ/Customs for clearing of goods from Port (Custom bonded warehouse) to SEZ Unit?

Request to clarify the same on urgent basis.

Sir,
Please clarify the following case.
I am placing order on one vendor A in Germany. Vendor A has its own manufacturing unit in India. Vendor A will place order on its indian JV and supply the material from India. What will be commercial implications.

Also please explain implications if the material is exported to parent company at Germany and again brought back to India by Vendor A.

Dear,

I have not any knowledge about SAD and SVB please tell me what SAD and SVB.

One of the firm had imported the goods and the Bill of Entry is for Invoice Value 93058.50 USD but the payment being made is 93081.50 USD. Excess payment of USD 23.00 now I want to file the Triplicate copy of Bill Of Entry (Exchange Control Copy) to the bank. and Excess payment of USD 23.00 is not for any charges but it had been paid by mistake to the foreign company.
So whether Triplicate copy of Bill of Entry should be filed in the bank or not?

Dear All
I want to know Import benefits available to SEZ units

Friends,,Is it possible to recover the CST paid on purchases in special cases? If so what are those provisions & special cases..Thank u in advnc