if i take a license of SHIS for purchase of asset and i had incurred expense of Rs. 10000 on purchase of this license then can i capitalise this expense or not?

ecgc license ?

Dear sir,

I want to apply for EPCG lisence for Importing some machinery for our production purpose.
plz help to get lisence

with Regards
jiyash
897035591

I applied for the modification in IEC under DGFT... now It has modified...I want to ask whether it is required to get this IEC signed from the DGFT officials?

Our final product's buyer is holder of advance licence and is willing to give us invalidation letter to remove goods without excise duty. Can we proceed with removal without paying excise or are there any formalities required to be done at our end like obtaining any licence or permission from any authorities.

I import material from foreign but lost bill of entry of home consumption quadruplicate copy.what do?

An NRI having Gold ornaments in India, now he wants to take such ornaments to their country (i.e. outside the India)
As there is any provision in Custom regarding such transaction?
Kindly provide the procedure that have to follow by NRI

In case of import by AIR, we receive 3 copies of Bill of entry in that we have to submit "exchange Control Copy" to RBI through our Banker. In case of import by Marine shipment which document we have to submit to RBI

Dear All

Can we hold the material if i got full payment against Proforma invoice?

How many days can we hold the material in our premises / factory.

What is the date of completion of import in case of material imported under EPCG scheme as an Capital goods

Different type of capital goods imported under Same EPCG license like

1 Stainless steel PIPE in license serial no 1

2 Equipment in license serial no 2

3 Cables in licesnse serial no 3

4 Another Equipment in license serial no 4

Date of last BOE in all above 4 Cases is differnet like for

1st item 31.03.2015

IInd item 30.04.2015

IIIrd Item 31.05.2015

IVth Item 30.06.2015

Then Date of completion of import is 30.06.2015 for all item & insallation period of 6 Months count from 30.06.2015 or for each material count seprately