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For exporting a product which all acts have to comply with?
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We are starting an export business from India for printed material. I understand that I need to get the AD code letter from my bank. Are you able to provide a standard format or is this something that the bank should have this. Also my first shipment is through a courier company so which port should I register my IEC and AD Code. We are new in this business so would love to have a chat with you if you can spare some time & share your contact details. Thanks & regards
Priti
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Please clear the concept of Value Addition Calculation while export of gems and jewelry.
Value Addition (VA) for gems and jewellery sector shall be as per paragraph HBP v2 .
It would be calculated as under:
A – B
VA = ----------- x 100,
B
where,
A = FOB value of the export realized / FOR value of supply received.
B = Value of inputs (including domestically procured) such as gold / silver / platinum content in export product plus admissible wastage along with value of other items such as gemstone etc. Wherever gold has been obtained on loan basis, value shall also include interest paid in free foreign exchange to foreign supplier.
If anyone, clear it with example.
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sir, i want IEC code, i know the procedure but the thing is, i also want to register AD authorised Dealer code at various port.
my queries are:
1] do i have to mention port address while applying for Fresh IEC online from which i will export my goods?
2) for geeting AD Code, what is the procedure?
3) can i get registered multiple port at a same type? and after registering AD code at port, do i need to update IEC by following procedure for modification or automatically, it updated by custom officer ?
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A.O approves refund of Rs. 18210 (with interest )for A.Y 2009-10 and Rs. 12530 (with interest )f0r A.Y 2010-1 on 31/5/2016. Whereas I received refund cheques without any interest through S.B.I Hyderabad on 8/6/2016. what should I do? pl guide.
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Sir, what is import custom duty rate including all charges used for 7.5% basic duty capital goods and how the calculation will done
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Sir what is custom duty rate used for 7.5% basic duty capital goods and foreign exchange rate used for conversion of basic amount of machine value excluding vat and cst
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Dear Experts
My company engaged in trading business.Now the question is We import some material from Pakistan and At the same time I export this material to Nepal (i.e same truck deliever material to Nepal)
1.Is the above trading is legal in India
2.What is the procedure to be follow if it is legal
So please solve my query.
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We have received letter from our bank to submit exchange control copy against payment made to foreign vendor . However we have already submitted the same to bank previously but we missed to take acknowledge of receipt. Is there any way to get it again from customs?
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Dear Expert
please advise on below case:-
Suppose if we import goods of USD 10 Lac and paid USD 10 lac to Vendor.
But later due to some quality issue we rejected this material and send back ( Re Exported ) to vendor then Vendor has provided us replacement of material of USD 8 lac and rest USD 2 lac paid by vendor to us .
Now we have received only Usd 2 Lac against re export of USD 10 lac. since replacement provided by vendor of USD 8 Lac in aspect of Material .
Please advise me does RBI allow to receive in kind consideration and also confirm to me for which amount bank will issue BRC to us against it re export.
Regards
Deepak
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