Hi,
We are exporting goods to USA. We have cost of material quoted to buyer and also final shipping charges. Say material cost is $1000 and shipping cost is 300$. total value will be $1300
in this case, can we have two line items on invoices and shipping bill mentioning material cost and shipping cost seperately? the intentino is that the buyer pays custom duty as per his country on the cost of material and not on shipping value too.

I am planning to start a medium Gym for a budget of 15 Lakh. My down payment is 1 lakh. How to get a loan of 14 lakhs using Mudra loan

Background: Our organization is setup as a STPI unit, and we are further looking to expand the office premises. In this arrangement we are looking to enter into a lease with the landlord with an arrangement that the landlord shall assist in importing capital goods (like furniture, camera, security equipment) and we can pay rent to them over the years of lease. Few pointers in this arrangement as below.
Landlord shall import the good from foreign supplier where the invoice issued by the foreign supplier will be "Billed To" the landlord; and "Shipped To" our organization. With such invoices, our organization being setup as a STPI unit shall seek approvals from STPI and Customs for duty exemption on import
At the time of clearance from Customs with STPI approval in hand, our organization shall file the Bill of Entry ("BOE")under our organization IEC code .
The foreign remittance to the supplier shall be made by the landlord from their AD banker within stipulated time. Therefore BOE would be filed with landlord's bank AD code mentioned.

Query:
As the Bill of Entry filed under our IEC code, believe that IDPMS portal shall reflect open Bill of Entry under our IEC.
As the foreign remittance will be made by the landlord, believe that the ORM report will show such foreign remittance under the landlord's IEC code.
Can the Bill of Entry being filed under IEC code of our organization be "settled" with the outward remittance to foreign supplier made under the landlord's IEC code?

Can anyone guide how to close PF along with pension.

Hi sirs/madams,

i have a question as to what date should be put as invoice date on dhl/fedex export invoice..
for example, i receive order and get paid via paypal on October 15. Then I send the product via dhl/fedex on October 23th. dhl/fedex creates an export invoice with the details i provide..What date should be used as the invoice date for this?

Thank you very much,
Preeti

Dear sir
Import tricycle from foreign country to india. For handicap people..1.how much duty will pay 2. Any exemption from customs department 3. Attract GST..

Who pays the amount of Insurance and freight while importing goods from outside the country?

Let us say
FOB - 10000 $
Freight - 200 $
Insurance - 112.5 $

These brings CIF - 10312.5 $

Importer is liable to pay the amount of FOB to seller but Insurance and freight are part of bill of Entry

Importer further pays to his CHA ( BCD, Surcharge and IGST) but buyer don't pay for insurance and freight.

But while maintaining books of account, seller account is credited as 10312.5 $ but he doesn't pay for it. Then how to close seller's account in importer's books of account?

Dear Sir
We are SEZ Unit in Gujarat, during FY 2020-21 we have write off Rs 40 lakhs amounts payable to our foreign creditor in dollar. Whether this action makes violation of any custom provisions ??

Hello,

I missed to add a commercial export invoice yesterday and submitted gstr1 for july without it.
How can I rectify this ? Can i submit it in August giving July date?

Please let me know. Thanks.

Sir/madam
We have received the cargo clearing house bill and they have paid the stamp duty charges also ,

we want to know the proper accounting head for booking this bill and GST rcm also applicable on the reimbursement of stamp duty they have paid and what is the tds applicable on kind of bill.

Is this bill cost also include in the stock value .

please help us to reply on this .







Regards



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