Dear Sir

We have exported goods to Nepal from one of our branch without inclusion of such branch address in IEC, the lorry was detained by the border authorities
What are the penalties and consequences levied by border authoriites?
Is any possible wayout?


Kindly reply

Types of Bill of Entry and whats the mean of Home Consumption

Dear Sir,
On last year BOE clearance done with complete rewarehousing. Now can we amend BOE possible, please feedback me. Thanks

A manufacturer uses ingenious material to manufacture excise able goods. He exports such goods to a foreign country. He claims refund/rebate of excise duty paid by him on material purchased for manufacure of finished goods. Can he still claim duty drawback?

A manufacturer uses imported raw material to manufacture finished goods. The raw material so imported attracts CVD. The assessee exports the finished goods so manufactured. He claims refund/rebate of CVD paid on import of raw material. Can he still claim duty drawback?

What will be the accounting treatment of custom duty saved on capital goods procured under export promotion capital goods schemes??

Hello All,

Wanted to know which shipping document should a service providing unit in SEZ like port or CFS service, file with SEZ customs for empty or loaded container?

A goods manufacturing unit files Bill of Entry or Shipping Bill or Bill of Export.

Dear Experts,

When Bank Realized the BRC, now we have to submit the BRC to Custom or not?

What is the Procedure for Re-Export?
Which Documentation Requirement by Custom?

We are supplying material to customer located in SEZ. Please clarify whether, we can take these exports as fulfillment of Export Obligation under EPCG Scheme / Advance License Scheme?

Dear Experts,

I want to know the procedure for accounting import Purchases and also i want to know if Assessable value in bill of Entry will be accounting in Financial Books.