As a Individual, I want to do export I have a export number. I want to sell goods to yuganda. I have a contact through my Friend. Buyer made payment in my friend account. In this case what can i do? How to prepare invoice? Provide me a proforma. Also suggest me a journal entry. Reply as soon as possible.

Hi All
Is tds applicable on the reimbursement of expenses charged by CHA( custom House Agent) for clearing the import( India to India) of Material on port???????
For e.g. Certification of Origin, Spice Board Certificate( quality control), Insurance certificate of cargo.???

kindly let me know.

preetprakash

Hello Experts,

I need your valued guidance in below captioned case:

We are Merchant Exporters and recently faced issue while claiming MEIS.

Despite of our declaration in Customs Invoice & Packing List as “WE INTEND TO CLAIM REWARDS UNDER MERCHANDISE EXPORTS FROM INDIA SCHEME (MEIS)”, CHAs were unaware of the fact that they also need to pay attention to an entry field [“Item Code As Per Reward Directory (MEIS)”] while filing shipping bills through the Customs online system.

SB filing date is after 30.09.2015
The S/B has not been sent to DGFT for MEIS benefit as decided between two ministries.

S/B No. - 3430530
S/B Date - 07.10.2015
Port - Sabarmati ICD (INSBI6)

Our S/B front page has also written note “WE INTEND TO CLAIM REWARDS UNDER MERCHANDISE EXPORTS FROM INDIA SCHEME (MEIS)”.

Now Modification is not Possible as current que in ICE Gate is HIST and hence need your valuable guidance, how to claim this particular S/B for MEIS?

hello Sir,

One of my client engaged in manufacturing of cosmetics product, purchases raw material from Itely. on that purchases company pay additional custom duty (for VAT).
basically company has get exemption in Excise duty from notification issued by Govt.

is company claim of refund of Additional custom duty?

can company avail input of additional custom duty from output Vat?

if any notification is exist then kindly update.

Dear experts please clarify my query

What is the difference between excise duty & Custom Duty. and what is present rate of Excise duty and Custom duty , how many types of excise & customs duties .

Please clearly clarify my doubt .

Thanks & Regards
Siva.

Here is an issue. We have one shipping bill ( exchange control copy) for two different LCs of same customers. Now our bank is not accepting two different LCs under a shipping bill.
Is there any wayout so documents can be negotiated ?
Can't we send a letter to bank to accept a shipping bill for both LCs ?
Please guide.

HOW MUCH FOREGIN CURRENCY CAN BE BROUGHT BY FOREIGN CITIZEN IN CASH TO INDIA WITHOUT DECALRING AT THE CUSTOMS IN YEAR 2013.

Dear team,
What is the mean by drawbacks duty while export any material.
And how could I know my ad code registration at customs.
I hired a CHA but he is delaying for AD registration.
Also please let me know how I'll find HS code of any product for exporting.
By HS code how can I know the drawback,
Pls guide n help

Kindly provide the detailed procedure for compliance with FEMA & RBI notice in case of "non realisation of export proceeds due to the overseas buyer has not been traceable over a reasonably long period of time". We have Failed to recover 100% of total outstanding export proceed since more than 3 years after elapse of extension from RBI. Further there is no possibility to recover anything as buyer is non traceable.

Thanks

Our Company is manufacturer exporter and operates as a 100% EOU. Most of its products are customised to the customer requirements and are primarily being sold in the markets of US and Europe. Company being faraway from its market, its shipping and production time is quite high and this affects our turnaround time for the new customers. Based on a strategic decision, company wants to stock some of its standard fast moving products in USA in a warehouse and shorten the cycle time to convert new customers. This will also allow to target few more market areas in US. Approval from the bankers to operate a warehouse is in place and is in compliance with FEMA rules. Would like to know: Goods will physically move from factory in India to warehouse in the US. company shall have a separate agency to look after the warehousing and further movement of goods. The customer is not known during movement of goods from India to US. The goods will be stored in US warehouse for 2-3 months and will be sold from there to end customer who will pay to our company.   Should movement of goods from factory in India to warehouse in US be through an export invoice or any other document is required as per the customs? Can our company raise another invoice from India for movement of second leg, i.e., from warehouse in US to customer in US as technically our company is owner of goods while goods are in US warehouse? If the goods have to move from India to US on an export invoice, there would not be one to one matching of receipts to the export invoice, as the amounts will be received from customers for subsequent movement of goods to customers. In such case there will be difficulty on getting the e-BRC from bank and we may not get Service Tax and Vat refunds from department where this e-BRC is a requirement. What could be done to in this case so that our company does not lose these benefits as an EOU?