can anyone tell me the meaning of EXCLUSIVE ECONOMIC ZONE in simple words?????????

whether 200 nautical miles is INSIDE THE SEA LINE OR FROM THE LAND MASS????

thanks in advance !!!!!!!!!

We have imported an product for which We have to pay 40000$ to that party we partly give 10000$ thru EEFc account and balance thru Forward conversion plz tell me how to book that payment in tally and what rate will be used as there is no Dollor exchange rate can be used For 10000$.

Dear All,

We are importing computer softwares, liscences from USA for software development, and these imports are done through Data Communication links. While making payments for such imports, what would be the relevant supportings apart from Invoice that should be placed before Authorised Dealers and Bankers to prove such imports as they dont have any BOE.

Dear All

While filling details of Import Pyments , we also have to fill Harmonised System of Classification. So from where to find out this classification in respect of Imports

Thanks

Dear All,
I want to know how to find out the date of shipment in BOE or if if it is not mentioned in BOE then from where can i find out.Also what is the relevence of IGM No and date in BOE. what does that indicate

I would like to know on non producing before the AC (forgot to do so) and cleared the goods meant for a project of UN recognised by G O I.

We are the importer of electronic mobile phones and assesories not having excise registration but we have VAT registration. Normally we pay import duty against DEPB License which we have purchased from the market. DEPB license debited against import duty and again we will get duty credit 4% SAD against same DEPB License which we use again for duty payment.

Now we have received SAD refund order of Rs.5 Lacks from customs. But DGFT or Customs denied to credit the same in the license as DEPB scheme is closed. Hence we will not use/encash this refund order.

Please advise what to do?

Plz tell me that is import license requires for import in Export Oriented Unit?

Thanx
Saurabh
(CA FINAL STUDENT)

Basically we are an exporter and we are received payment in foreign currency and we are transferred some US Dollar in EEFC A/c for Payment of Import Purchase than Ques is i have to book here Forex Gain or Loss ?
or What rate should be taken when i had transferred US Dollar in EEFC A/c or when i make a payment to Foreign Supplier where we make a import purchase

Is it possible to Import sample without IEC and custome form shenzhen , China. I want to import memory cards valued less then 5000 Rs.