CUSTOM DUTY DIFFERMENT IS ALLOWED WHERE P & M is imported under capital lease model and the capex would be installed under Private Bonded warehouse

Note that we are holding IEC number ,recently plan we will IMPORT a Machine from THAILAND which Value come in USD 250000 and for this purpose Party given Term of Payment 30% ADVANCE through TT & Balance paid through LC .

Now our Question is for TAX Calculation purpose Party Said CUSTOM charge applicable 0% but IGST Applicable 18%

For our project purpose how to Calculate this USD to INR (Including Taxes)

We are manufacturers of C.S Lye and dispatching the goods in tankers to all the states. Now we are in plan to purchase Lye tankers from overseas buyer and the same for using to dispatch the goods to our customers. In this case are we eligible to take ITC on C.S Lye Tankers. Please clarify

Being sole proprietor, what will be beneficial, to hire a employee or to hire a consultant? Also explain how it is beneficial?

Dear All
I am exporting some good from India to africa. The value is approximately 18 lakhs FOB. In near future I am going to import few machine for domestic use. Which benefits can I avail during import of machines. Please suggest

Hello Friends,
Can you pls clarify on below questions.
1. Is there a limit on amount I can barrow from friend/Relative? Can I barrow like 1-3crs from their declared income(tax already paid)
2. Do I have to pay them interest at minimal rate if I have to keep the amount from more than year or two.
3. Do we have to sign agreement for documentation purpose if the loan is for long term to furnish to IT dept if demands as I will be declaring the loan during IT filing.

Thanks,

My friend send one equipment to service, its not working conditions and 3 year old used in hospitals, for customs clearance what are the documents i need to submit, whether i need to pay custom duty?

If merchant exporter is purchasing the goods from the manufacturer and container is being stuffed at the manufacturer factory,
merchant exporter booked the container and container will be sealed at the same time just after the stuffing and will directly be dispatched to the nearest customs
then who needs the sealing permission Manufacturer or merchant exporter
Please give your valuable suggestion

thank you

A 40 inch TV purchased in Ind in 2017 was taken abroad by an individual when he shifted for his job. He now wishes to take it back to India for his parents' use as he has a TV in his rented place. Will this attract customs duty?

Dear Expert,

Our company has purchased Mobile phones for Office use how can we consider this as Fixed assets or Capital Expenditure?