If one is importing innerwear/underwear from Australia to India - can som1 clarify what are the costs and duties. Will it be on MRP or on actual buying price (as MRP is very high and products will be sold on highly discounted prices in local markets).

also the products will have USD tags - is it compulsory to have INR tags put - can that be done later once products land in the country?

am new to all this so if som1 can help with details will be great help. i want to do evrything legally and not get into any trouble! but som1 told me total duty will come to 30% on the MRP and not on buying price - which means it will be commercially unviable to import in india?

Dear Experts,

We would like to inform you that we import products from China and pay the import duty [Central Government].

While selling the goods locally, we are suppose to charge the vat @ 14.5% for every invoice.

We got to pay the entire 14.5% tax value to the government as sales tax[state Government].

My doubt here is, can we adjust the paid import duty towards the sales tax? or do we have to pay the import duty as well as sales tax?

Kindly give us your valuable suggestion on the above said matter in order to reduce the tax liability?



Regards

Jagadeesh
Email = jagadees@outlook.com

Respected Sir,

Kindly advise that if we purchase gold jwellery for Rs. 90000/- from out of India (kuwait),
then how much custom duty will be charged in India by airport custom department.Pls Relpy at earliest.

Thanks & Regards
Bobby

dear sir

please give me your help

what is documentation and Procedure of factory stuffing permission in custom?


Thanks in advance

Dear Sir,
We manufacture organic chemicals, and we have advance license to import raw material without payment of customs duty, beside this we also import duty paid same goods and also purchase from domestic area and the take the credit of excise duty paid on the procurement of goods. i want to ask that for the fulfillment of export obligation for advance license, can we use raw material procured from domestic area/imported duty paid, since we have no much raw material in advance license raw material account but we have the sufficient same raw material in duty paid raw material account, and we also have the export orders and we want to fulfill our export obligation but for the meanwhile its not possible to import against the advance license, can we use the raw material for the export under advance license.....?

X ltd has identified a plot of barren land in India for constructing a Laboratory with an intention to export 100% of its research services and thus avail an EOU Status. For the purpose of construction of research lab, X ltd will import capital goods (which includes electrical items, HVAC and other capital items). X ltd will place the import order for purchase of these capital items immediately with construction in progress. Can X ltd avail EOU benefits for the purchase of these capital goods? What documentary procedure will it require to follow?

X ltd has identified a plot of barren land in India for constructing a Laboratory with an intention to export 100% of its research services and thus avail an EOU Status. For the purpose of construction of research lab, X ltd will import capital goods (which includes electrical items, HVAC and other capital items). X ltd will place the import order for purchase of these capital items immediately with construction in progress. How can X ltd avail EOU benefits for the purchase of these capital goods? What documentary procedure will it require to follow?

I wanted to know how much I have already paid The ICAI.
Actually I forgot how much I paid for CA-IPCC
registration, i.e. whether I paid for article-ship along with it or not.

Dear All,

Please tele me details of ER1 and ER 6 of Excise Return and give me format of report
and preparation of AER1 and AER3A Meaning and format

if we import any capital goods on temporary Basis can we clear the goods with payment of Duty later we will export The goods to supplier?