Dear Experts,

What is the procedure if your duty drawback claim is suspended when shipping bill filed electronicly and whether there is any time barred provision relating to Duty drawback.
Drawback is in the nature of when raw material imported and finished goods exported and drawback is claimed at all industry rate.

Regards.
Kapil Goyal

hi experts,

i want to know 2 thngs

1) if i export cloths to canada through e-business , say rs 100000rs then how much taxes i have to pay as coustom duty, and what requirement i have to fullfill under fema

2) if rather then directly sales in canada, i transfer to mr x in canada (i.e wholesaler ), who later ll sell the cloth, will its be proftable as whole assuming mr x is also my family member

Hi
I have problem in applying online for the IEC. I wanted to Apply as an individual but the application require firm details and certain feild are marked with * which says are mandatory. Could any one guide me for getting an IEC (for Individual), wherein I have Pan No. and Savings account. I intend to startup trading so once I reach to a slab of VAT or sales tax I would take the same. Pls guide.

Dear all
please advice

1. Can we file IEC Modification online. please provide me link or help file for filing ONLINE modification of IEC for address change

2. Do we have to submit physical papers also after filing online modification.

Thanks in advance.

We have exported one crane on returnable basis. At the time of export exchange rate was 40 and now when we brought it back exchange rate is 63. What value we should declare because AO is considering the value in USD in which we exported but due to exchange fluctuation it is almost two time higher then my book value and duty is coming almost equal to cost of my crane. Please suggest.

Dear All,

We had imported machinery and spares from various countries this year,please let me know whether i can avail 50% cenvat credit on CVD and 100% on additional duty for this Financial Year.

Regards

Rajesh Kotkar

DEAR SIR
CAN A GOODS TRADER FIRM ( NOT MANUFACTURING & NOT EXPORTING) AVAIL OF INPUT TAX CREDIT IN CASE OF PURCHASE OF DEPB LICENCE,SELLER OF LICENCE ISSUE A VAT INVOICE
PLEASE SORT

I have a situation , wherein one of my clients who has done Service exports and has submitted Invoices and all other valid supporting documents for issuance of Ebrc. Against which we have issued Ebrc's.

Issue is : The client has also given us Hotel Bills, and Transport Bills of its Engineers & their family members, who were sent abroad to execute the contract.They had remitted the cost to their officials abroad , and have also received the reimbursement from their foreign client. Now our client wants the reimbursement received to be treated as Export receipts, and is pushing us to issue Ebrc for the same. Can we do it , is it permissible under the law.

We would like to import the Doors, Windows of Aluminium under CETH 76 from Sri Lanka. We understand that import from any SAARC countries it exempt from basic custom duty as per the trade agreement between India and SAARC countries. YOu are requested to kindly confirm on this and if any notification on this please provide the details. Eagerly awaiting for reply.

Can anyone please explain the concept of unjust enrichment with examples