Hey all.. I'm in my final leg of preparation.. like many people say it is advisable to do problems from padhuka for CAFM.. I find it a little too much So can I do practice manual problems alone for Practice? is that sufficient?? pls post ur valuable comments thanks in advance

what is red cross channel and green channel?

An Indian Company is an importer and marketer of goods manufactured by a company in Srilanka.

One of the promoter-Directors of the Indian Company intends to join the board of the Srilankan Manufacturer Company.

One of the fellow CAs has opined that the Customs Act on transfer Pricing does not allow a producer in Srilanka and Marketing Company in India to have related promoters.

Can you please clarify and throw some light on this topic? Kindly suggest related readings of particular sections of the Act.

Also, if there is any such restriction, what can be an alternate route.

Regards,
Deepthi

Can we Export any material under EPCG & Duty Draw Back at one stroke.

if we clear the imported goods for home consumption by declaring MRP and other required details too on the product as per the norms of standards of weights and measures Act,then we need not to pay SAD, as per the provisions of Custom Act,

1.Then is it possible that we can claim CVD, which was levied on such imported goods on bill of entry, as input credit from excise duty, if we do manufacturing activity from such goods.

2.Is it is allowed that we can do manufacturing activity from such imported goods, as per the provisions of law.

Respected Sir/ Madam,

I request u to give information about how to obtain import license for individual (Proprietorship)or give me mail id of any of your contact person who have knowledge in this area.

I expect to receive your cordination.

Thank You.

Dear Sirs,

We are a manufacturing unit in South India. We imported a machine in Sept 2013 and paid Import duty. We used the machine in production and now want to re export it. Will we be able to recover the import duty paid at the time of Importation and if yes then how much of it. Please mention the relevant sections as well for the reference.

Also, we have some local buyers for the machine, but in that case, will it be possible to recover / pass the Cenvat credit. if yes, please mention the sections/provisions in the law.

What is the procedure in both the above cases and which one to be adopted.

Thanks.

Dear Sir,

Please note we have imported a machinery by availing SEZ benefit in 2011. Now we want to sell it to a DTA Unit. Please advice:
1. how to calculate the depreciation value?
2. can we sell on a price more or less than the depreciation value?
3. is there any valuation method acceptable by customs for machinery?
4. On what value the customs duty will be applicable - on the invoice selling price or depreciation value?

Thanking you,

Regards,
Naresh Singrakhia

We have exported goods from India to Japan.
Incoterms CIF. we exported goods without Insurance. Now customer is requesting for insurance certificate to clear the goods in Japan. Now can we apply the insurance after export?

hey i am student in of 11th commerce and i want to do Ca,but the problem is tht i didnt taken math as my subject so is it possible for me to do CA ,p.s i cant change the subject now