While importing the machines company has opted the EPCG scheme and executed the party bond at the time of clearing machines from customs around 24 crores export obligations with in the period of 8 years and bank grantee of Rs 90 lcs. In the mean time within 5 years of its operation bankers seized the machines and sold the machines to the bidders. What is the consequence of the party bond and bank guarantee? when asset it self is not with the company how company can comply the export obligation? please inform me is it possible to waive the Bank Guarantee
and export obligation,as due to unavoidable circumstances company failed in its obligation.

Dear Members,

I have to export the goods which i have to procure from party of Mumbai. That party will import the goods from USA and will sell to me. I will export that goods to UAE. Does that party of Mumbai will get the exemption of Custom Duty from Import of goods against my export of goods. If Yes kindly let me know how?

Hello All,

I am working as accounts executive with manufacturing company in Pune. We received one consignment from Germany and which is on sample basis. Our supplier is going to pay the freight (custom) charges for the same. But custom is demanding freight certificate from our supplier. So I want to know whether there is any standard format for the same and if yes can anybody send the format to me ?

Thanks
Shilpa

What are CMC & TTC Charges In Clearing & Forwarding Charges??

Dear Sir,

I want to know that a Private Limited Company want to sale a complete unit in which machine was purchased under EPCG Scheme EO in the year 2011. Till date there is no any export made.Is it possible to sale the unit with Export Obligation?

Dear Sir,
we wish to enhance our all industry rate, because we are sufffering duty element more then the current AIR rate. and so we claim Brand rate drawback each time.
is there any way to enhance AIR Rate with application to customs.

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