Whether CVD is available as input credit or not in case of trader who imports goods and make sales.If yes how he can avail and against at what payment and can it be claimed as refund if not utilized, if yes in what time? Plz clarify


With Reagards,
B.Srikanth

We have received redemption letter for EPCG License from DGFT. Further we have received a letter from ICD for Releasing the Bond, please send us the process and documents required for releasing the bond.

Sir, One of my client has got DFIA, enlisting various items that could be imported duty free and export obligation to be completed in quantity and value. He has imported goods less than entitlement. He has completed less export than stated in DFIA. My qyery is that: Can the export obligation be reduced proportionate to actual import made? Pls give supporting notification /case law etc. Many thanks in advance. Need urgent, as I have to give CA Certi for redemption of DFIA.

Dear Sir,

If we are registering a project in customs all the items coming under the project should only be imported or part items can be purchased locally.


kindly clarify...

Regards,
e.Madhan Kumar

dear all. pls advice me. we are preparing special ARE-1 FORM with every advance license. some time we requires 5-7 ARE -1 for single shipment.. so pls suggest that can we club more advance licenses in single ARE-1? our range superintendent is asking for single ARE-1 FORM with more than one advance licenses..

Please provide me the list of goods covered under home consumption under custom act, 1962.

We are an exporter we buy label from the indigenous manufacturer.The label manufacturer has EPCG licence for import of Machinery for manufacturing label.We buy label from him and affix on our Final product. We want to export our final product mentioning TWO EPCG licence on of the label manufacturer and other of us in the single shipping bill is it possible? if yes should we show separate value of our product without label value and label value ?
Please reply with notification No.or Para no. of FTP or Section of the Customs Act or the decided case law.

What is the customs duty for importing software?
Does it make any difference if the software is downloaded via internet?

Is service tax also payable on such imports?

I Want knowlege how to Fill ARE-1 Form when we Export against CT-1 pl. Help.


Thanks ,

Manisha Jadhav

RECENTLY IN OCT 13, CUSTOMS NOTIFIED FOR CLOSURE OF EPCG DEFAULTERS. ONE OF MY CLIENT IMPORTED THE CAPITAL GOODS DURING 2002 UNDER EPCG SCHEME BY PAYING CONCESSIONAL DUTY OF 5%. AS PER EPCG SCHEME, THEY ARE LIABLE TO EXPORT 5 TIMES OF CIF VALUE. AFTER THE COMPLETION OF ALL THE BLOCK YEAR, THEY APPROACHED DGFT FOR EXTENSION OF 2 YEARS BY PAYING 2% FEE. TILL THAT TIME, THE COMPANAY COMPLETED ONLY 9% OF EXPORT OBLIGATION. SUBSEQUENTLY, THE COMPANY AGAIN APPROACHED DGFT FOR FURTHER EXTENSION OF 2 YEARS BY PAYING 50% OF CUSTOMS DUTY SAVED PROPORTION TO THE UNFULFILLED EO. DGFT CONSIDERED 9% AS FULFILLED AND DECLARED 91% AS UNFULFILLED EO. THE COMPANY PAID ACCORDINGLY 50% CUSTOMS DUTY SAVED. NOW THEY WANT TO CLOSE AS PER THE NEW CIRCULAR 40/2013. CUSTOMS DEPT. IS INSISTING TO PAY 100% CUSTOMS DUTY SAVED WITHOUT CONSIDERING 9% EO FULFILLED. ARE THEY CORRECT.