Hi,
As per RBI regulations, import payment has to be made within 6 months from the date of shipment.
Can anyone please clarify me what should be considered as date of shipment ?
Also state the reason for the same.

hello there,

please guide me through this query...

We run a Private Limited Company (Partnership) and as the business is growing we want to expand the business but there is a space constraint in our exiting unit so there is no option but to budge to a new location.

Now there are two options :-

1) To Form a company on new land with New name

pros - All new companies formed after oct 2019 come under new tax Slab ie 15% (currently we are 25%) also we can go through Subsidy

cons - but we have to bring up capital from our own pockets

2) To Form a company on new land by starting the new unit under exiting pvt company

Pros - The exiting plant can sponsor the new unit thus it will show up in expenses of balance sheet hence save tax

Cons - We cannot apply for any subsidy also we would still remain under 25% slab

i want solution wherein we can undergo subsidy come below 15% slab also the funds can be sponsored by the exiting unit

thanking in advance !!

Dear All,

I need your help to find out guidelines, if any, issued by Customs about the documents required and process to be followed for finalisation of project import.

Pl. advise

our company is importing Raw material from out of india under high seas purchase. the party (indian) clearing the goods and levy his commission and issue invoice in his name with commission on material value. commission is not shown separately in invoice but added to material value and custom dept had levied duty on total value i.e. material value and commission (which is added to material value). i want to ask that whether duty is applicable on commission also ???

A gift is sent from Australia to India through courier, whether the recipient of such gift is required to pay custom duty on the same? Will such gift be considered as import of goods? What necessary steps are required to be taken by the recipient of gift?

Our client in Jordan has issued a sight L/C in our favour. There is a clause in the L/C : "THE INVOICE OR ANY OTHER DOCUMENT SHOULD SHOW THAT THE GOODS REQUIRED UNDER THIS D/C ARE IN CONFORMITY WITH JORDANIAN AND/OR INTERNATIONAL METROLOGY AND STANDARDS".
How to show that the goods are in conformity?

Dear All,

How to pay custom duty demand through online..?

Pls share the process..

Dear Experts,
if agent paid the custom charges on the behalf of goods receiver, and reimbursing the charges later on, should agent charge the GST on reimbursement amount?

if Yes, we should deduct TDS U/S 194 C on gross value including reimbursement?

Is it compulsory to add branch in IEC?
What are the consequences of non compliance?
If reference of the rules or any government website available, then please provide..

Thanks in advance.

Hello-My IEC status at icegate shows 9 (amendment) since I applied.
1. How to get ti changed to 0 (normal)?
2. Can I export with status being 9?

---
Thanks.