Hi all,

Basically, we are into Radio & Television Transmission Services. We export our services outside India and we get revenues in free foreign exchange converted into INR. For such service, there will be no shipping bill copies. We are not even registered under any EOU/STPI/BTP...etc. What will be our documentation to be assisted along with ANF3B application instead of Shipping bill copy, because based on only invoice copy, we cannot claim such rebate.

Plz advise.

Sir,
In the annexure of softex form we show this sales then what happened???
And we show in sales tax return

Let me tell you some facts about a 100 % EOU:
The Company (EOU) during its initial 5 year period made exports to the tune of 40 lacs but till the end of its 4 th year never made any duty free import of raw materials.
The exported products were made out of raw materials purchased from India after paying applicable duties and taxes.
But during the end of the 5th year, the company made duty free import to the Tune of 52 lacs and thus resulted in a negative NFE. The Director STPI rejected its application for renewal of licence stating this negative NFE as one among the several reasons. Other reasons were delay in submitting documents such as renewed lease deed, audit report, Extract of minutes authorising one of the Director to sign the Application for renewal. Audit report for the first financial year was later on produced and other documents were also submitted to him. But due to the delay in submitting documents and because of this negative NFE, the Director passed his order rejecting the Application for renewal. Now an appeal was filed with the DGFT regarding the matter. However the company during its normal course of business is manufacturing products for export and for sales within the country.
The materials imported duty free was kept in Bonded area and which needs to be released for supplying to Govt Department free of Cost. Can any one help me in this subject.

HOW TO OBTAIN IEC

Dear Sir/Madam,

I would like to know the procedure for paying difference in custom duty (Under invoice amount).
If original invoice of goods is 100$ and the invoice amount at the time of parts received is 30$. So how to pay the difference in custom duty for (100$-30$=70$). Is there any late fee charges? If yes then how much and what is the criteria for it?


Thanks

sir,

on what basis, custom duty is charged and can we get the credit of custom duty or it is added to cost....???

1. whether demmurage charges paid to the custom department for clearing the imported Machinery should be capitalized or not according to As 10 fixed assets.please give briefly description.

2.For capitalizing the custom duty in the value of imported machinery whether CVD,Education cess and higher edu cess should be deducted or not.
plz give briefly description.

Dear Experts,

Ours is a Pvt Ltd Company.

We have to full-fill export obligation under EPCG scheme, however, due to recession in Europe and America our export/ Deemed export is very low and we feel that we will not be able to meet out export obligation within stipulated period.

We have sufficient Cenvat Credit with us on other machineries / Inputes.

Can we utilise such Cenvat Credit to pay Custome Duty (with CVD) to surrender our EPCG obligation ?

Thanks & Regards

can additional duty on imports be taken as excise input

hi,

I understand that ARE-1 is a document used to remove a excisable/dutiable shipment from the factory premises, however is it mandatory that the value mentioned in the ARE-1 should match the invoice value that is submitted to the customs at the time of Exports?

For Eg: the product value mentioned in the ARE-1 is Rs.5000/-, but the exporter has given the commercial invoice value for Rs.25000/-. would this be acceptable to the customs?