Hello Experts,
we are importers and traders....I want to know, we are using DEPB/License to Pay our duty during import....So i want to know how to pass DEPB entries in Book. Because When we purchasing DEPB their is Vat on it..But it is not our stock.it is our current assents. But if we want to take credit of vat we have to show it under purchase...and if we want to sale it sometime we have to put it to under sales..generally it is not our stock.
if we want to put it on our under stock and during import if we want to use it then how to pass entries, so it will disappear or consumed?

Pls help me n understanding the meaning of coastal goods as per section 2 (7) of customs act with some examples. .

A private limited company purchased a machinery under EPCG scheme in year 2011. Company is divided into 2 units, and one unit with that machine is want to go for unit sale. Is it possible to sale the machine without completing the EO? The new unit is ready to take the EO. Till now there is no export.

Dear Sir / Madam
I am working in Pharma export co.
pls help me for y further query

We are looking for Deemed export against Invalidation Letter but want to confirm? can it make under dbk on second sale for eg.

Party A Supplier in India & Party B Exporter in India

'B' arrange Invalidation & RA fwd to 'A' against this, 'A' supplies the material to 'B' against Invalidation Letter (Advance Lic) same material can B export against DBK SB File?

I read FTP also but no supportig found.

Regards
Suresh

Sir/Ma'am,,,,Plzz Tell me how & where to apply for IEC(Import Export Code).
My mail ID is Sahil.hsp0001@gmail.com(if anybody interested in Mailing Information )....
PLzzzzz Pllzzzzzz...Its urgent

please help me out, please advice me about export duty rate for cosmetics & toiletry products to africa and If possible send me the link also.

Sir/Madam

For a manufacturing and Trading company who purchases import goods on which CVD & SAD is paid, can claim refund of CVD & SAD?

If yes then what's the procedure and please quote notification number or Section Number

What is meaning of Deemed sales? Applicable service tax or VAT on it?

Dear All,

Section 21 of the Customs Act,1962 says that goods Derelict,Jetsam,Floatsam and Wreckage are treated as imported goods even though they do not come from a proper channel. hence they are liable to Customs Duty.

My query here is that, WHO (WHICH PERSON) WILL BE HELD LIABLE TO PAY SUCH DUTY?

Our company had imported second hand equipments under Zero Duty EPCG scheme for setting up a plant. Subsequently, the plan to set up of the plant was shelved & the equipments were not installed. Now, we want to surrender the EPCG licence.
Kindly inform whether the same can be done and if so what is the procedure for doing so & the underlying costs for surrendering the licence.