Dear All,

I am working as an Acountant in a company, the company is importing furniture from china under High Sea Sales for another Party, now for EPCG licence we given him Proforma Invoice without freight & Insurance i.e on FOB price and the same invoice has been used for 30% remmitance to the Expoter. The party is demanding Proforma Invoice with CIF value after the above remmitance, Can I do so ?
Please help me .

Thanks & regards-
Neeraj Kumar
email ID : kumarneeraj147@ gmail.com.

IF CUSTOM RATE IS FIXED FOR THE PARTICULAR MONTH THEN CUSTOM RATE CAN BE DIFFERENT FOR THE A PARTICULAR MONTH? IF YES THEN WHY?

Dear all

We have Aluminum Industries and we are thinking for License of EPCG and Advance License. So can we get EPCG license at 0%.
and what will be SION for Advance License.

dear sir/mam

i am an accountant in starch ind.,
as per ssi we shall not cross accessable value 1,50,000/-.(april-may)
we purchased material with cenvat input.these input can be taken at the time of entering in excise.

Dear Sir,

Please advise me the procedure for clearence of food item into India.Is testing of compulsary.As the the customs authority the material has not been importedbefore. kindly suggest the procedure to be followed

Thanks in advance

Dear All,
Please give right ans of my query mention below:
We have imported some material from china, due to amendment in finance act 2012 edu. cess and Sec & Hr. edu. cess is applicable only one time due to public interest.
My question is that can we take credit on proportional basis of education cess which is levied on BCD & CVD Jointly.
In Bill Of Entry only mention custom education cess.

Can any one tell me the procedure for sale of FPS scrip in the open market... I want to understand how it will be practically done and how the receiver scrip will be registered in the name of the buyer of the scrip.. also can one tell me whether the sale of FPS scrip is subjected to VAT in Tamil Nadu..

Dear Sir,

We had received Letter of Credit, of which we have exported part consigment. say out of L/C $20000, only exported for $10000, Later importer had cancelled the order for balance quantity.

We have sent Letter of credit for collection only those amount due to us against supply made.

Now bakers asking for write off certificate.

Since there is no due on our account against the party, Shall we issue write off certificate duly certified by CA ?

If not than what remedies to deal with bank ?

Please consider the matter as urgent and expect immediate response

This is with reference to the notice posted https://www.caclubindia.com/forum/circular-no-952-13-2011-cx-dtd8th-september-2011-167621.asp for MOT Charges

On the basis of above notice, the unregistered exporter will have to pay MOT charges for exports during the office hours also. Kindly please explain, are this MOT charges payable by unregistered exporter only after 08/09/2011 (Circular date) or also on the exports done before the circular date ?

Dear Experts,

for imported capital goods, with regard to Additional Duty Paid,
how much we should avail the Credit?

whether we can avail 100% on duty paid
or
50% should be deferred?

kindly guide,


thanks and regards,
Harsha