Hi

We are in a business of importing branded apparel and accessories and retailing it through retail stores in India. In the process we end up with significant volume of unsold products.

Need clarification that if we want to return such unsold goods to the original vendor,

1.can we claim duty refund under customs act.
2. If yes, will such refund be refund of duty or can it also be interpreted as export and hence drawback of duty.

3.What is the timeline to obtain such duty refund. Is it a structured process or there is major element of satisfaction of authorities.

Request views from experts who have been dealing with such imports/ returns

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Hello sir

we buy imported goods in indian custom auctions and sell in market. i am a trader
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Dear Sir,
We are having SFIS Script for our Distribution services ( Agent & Retailing ). We don't have manufacturing activity. Unable to use for capital goods import. we are having script for Rs.10 Lac's. How we can utilize?

Kindly clarify.

Thanks in advance.

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Dear Sir,

My Companny is a joint venture company between an indian partner holding 26% and Anerican Company holding 74%

Now my company wants to import a simulator worth 1 crore which the company want to gift to a hospital. The cost of simulator will be born by american company and the cost of custom will be born by indian company.

My concern is that if we import this simulator it will first become the property of indian company and do we need to increase capital???? and this will have negative impact to indian partner holding 26???

Plz Advise

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dear sir,

kindly advice to procedure for import of goods in manufacturing unit like - Coal , Coke breeze,etc.


regads

basavarj.k

Hi All,

we are exporting services to one of our client in US. Due to some misunderstanding in the agreement we billed the wrong amount. Now the vendor is sending us the debit note for the excess billed amount. Is it ok as per FEMA norms.

Required your expert suggestions.


Thanks