To,

All Experts

we have imported matrial against LC on 60 days credit and booked purchase as per the forex rate as per bill of entry, now payment made against LC., but there is difference in forex rate as per bill of entry and actual payment.

Now my question is wheter to show that differecne.

Regards

Girish

Dear Sir,

Please let me know what is the process of SAD 4% return on imported material while we have sell the material on DTA after paying applicable VAT/CST.

Sir,

what is the difference between free shipping bill and normal shipping bill. if we have avail benefit of FMS and DBK then it is free shipping bill or not.

We are importing a machinery under EPCG scheme. We are an SSI currently.

after the machine is imported we will not be an SSI.
As per the declaration/undertaking, one of the point is "we shall not be an SSI after import if machinery".
Will we have a problem if we export.

Can we strike off that point as not applciable?

Hi, I have registered my LLP in Gujarat and my business is to export leather products such as shoes, belts etc. and buckles outside india and trading of buckles etc. within India. I have obtained a PAN card and Import Export Code for my LLP.
I need to know which are the departments left in which I need to register my LLP?
1. Do I have to register my LLP with Gujarat Sales Tax and obtain a GST number?
2. Do I have to register my LLP with Central Sales Tax and obtain a CST number?
3. Do I have to register my LLP with CEntral Excise?
4. Do I have to register my LLP with Customs Department, or Import Export Code is enough?
5. Do I have to register my LLP with Gujarat Professional Tax department?
6. Any other government department I have to register my company with, in order to comply with the law and export/trade successfully?

Please let me know as I don't want to be a defaulter in my first deal, or in any deal for that matter. I know answering these queries might take some considerable time of yours but please respond experts as I am not getting any guidance from any other source.

Thanks,
Sachin

Hi, I have registered my LLP in Gujarat and my business is to export leather products such as shoes, belts etc. and buckles outside india and trading of buckles etc. within India. I have obtained a PAN card and Import Export Code for my LLP.
I need to know which are the departments left in which I need to register my LLP?
1. Do I have to register my LLP with Gujarat Sales Tax and obtain a GST number?
2. Do I have to register my LLP with Central Sales Tax and obtain a CST number?
3. Do I have to register my LLP with CEntral Excise?
4. Do I have to register my LLP with Customs Department, or Import Export Code is enough?
5. Do I have to register my LLP with Gujarat Professional Tax department?
6. Any other government department I have to register my company with, in order to comply with the law and export/trade successfully?

Please let me know as I don't want to be a defaulter in my first deal, or in any deal for that matter. I know answering these queries might take some considerable time of yours but please respond experts as I am not getting any guidance from any other source.

Thanks,
Sachin

Dear Sir,

I am having Query on filling few columns in BRC - Bank Realisation Certificate - 22A

1). Column No. 9 - which exchange rate we have to write for the Bill Amount.

2). Col. No. 10 - can we write basic freight charges in this column OR we can write Basic Freight + Fuel Surcharge + Service Tax ( as this type of Bill is provided by freight companies)

3). Col No. 11 - can we write Insurance premium OR can we write Insurance premium + service tax + other charges

4). Col. No. 12 - which amount we need to write in commision / discount paid ---- commision paid to bank for conversion of foreign currency OR discount to buyer OR commission to agent

5).Col No. 14 - which value we have to write for FOB value actually realised as the Exchange rate in shipping bill and Exchange rate at the time of payment advise from bank is different.

6). Col No.15 - which date we have to write as Date of Realisation of Export Proceeds

7). Col No. 16 - which form no. we have to write in for GR / SDF / P.P. Form No.

8).Col No. 17 - which no and date we have to write for category of applicable license

I kindly request the experts to provide the detail answer on my above queries with example or sample BRC sheet for resolving my queries.

Thanks and Kind Regards,

Piyush Patel

Please define the process of Bank Realisation Certificate (BRC). if we foreign inward remittance or received advance remittance.

I am manufacturer. i paid CVD @ 16% in liue of excise duty on imported goods. i am manufacturing exempted goods and i sold it outside india as well as in india. so i am not liable to excise registration number. then how can i claim CVD refund. paid is it possible without excise registration. kindly suggest as early as possible.

KIND ATTN. SIR
================
KINDLY CLARIFY WITH REGARD TO REFUND CLAIM FILED BY THE IMPORTER FOR SPECIAL ADDITIONAL DUTY PAID BY HIM AND WITH RELEVANT ANNEXURES FOR THE VAT AND CST PAID SALES INVOICES AND WHETHER THERE IS ANY IMPACT OF REFUND CLAIM BY THE IMPORTER FOR SAD CLAIM AND ITS IMPACT ON REFUND CLAIM FILED BY THE EXPORTER FOR THE PURCHASES MADE FROM THE IMPORTER FOR THE VAT PAID GOODS THROGUH FORM -W CLAIM WITH STATE GOVERNMENT OF TAMILNADU.KINDLY CLARIFY WHETHER THERE IS ANY DUAL CLAIM OR IMPORTER HAS ANY IMPACT FOR THE EXPORTER'S REFUND CLAIM FROM THE STATE GOVERNMENT.

WITH REGARDS
CA.P.SHANGAR