Hello, I am a final student,while checking documents necessary to claim refund of SAD i find that certain amount which reflected in invoice as vat was mistakenly taken as cst in green document( i am not sure what it is called) but as far as i know refund of sad is claimed when importer after importing goods subsequently sells the good after paying cst or vat. NOW i want to know if proper changes are not made with in that green document what will be consequence as refund will be availed irrespective of fact whether its cst or vat...

ABC Italy and ABC India are related parties. ABC Italy is supplying axles to ABC India and ABC India in turn makes high sea sale of these axles to TAFE India, an unrelated party. Subsequently at end of the year, ABC India is paying price increase as part of transfer price adjustment to ABC Italy for the supplies made by them during the accounting year. Comment on impact of the same on the customs duty liability on the import transaction involved in above.

Please provide the answer with complete provisions.

we are importing chemical & stored in custom port, at the time of clearing for home consumption there is some shortage in quantity, so whether duty is levied on billing qty or actual qty.

can we take benefit of sec 70 or not.

kindly help me

Thanks Regards
Gagan Chaturvedi
e-mail- gaganr86@gmail.com

Dear Sir,
Kindly clarify about the custom duty and countervailing duty on direct import purchase should be entered in books as a direct expenses or these should be added to the purchase value of imported goods in India.

Thanks & Regards

Savita Badhwar

Respected Sir,
Greetings,
My doubt was after clicking the surrender option ie ( ST 2 return ) in service tax throug online, how to print the surrender document,"Surrender request is pending with the department" is coming , now to take print out how to take the surrender request

Dear Sir

Form ANF 5B and Appendix 26a Should be Signed by chartered accountant for EPCG License Redemption.

Q1 Sir, does it mean that chartered accountant who is not holding COP can also signed & Authorized that form and certificate.?


Thanks

Dear Experts,

I am working in a manufacturing co, which purchases raw material from within India and exports the finished goods under LUT and under claim for Rebate after debiting the excise duty.

I want to know whether we can claim duty drawback in addition to the rebate of Duty paid. If yes please let me know the Section/Notification under which we can claim rebate of duty and duty drawback as per duty drawback Schedule annexed to the notification no.92/2012.

Please reply,

Thanking you in anticipation,

Dear sir,

We have exported 25 MT. Di calcium Phosphate which is manufacture from phosphoric acid. now in DBK -1 statement whether i have to give a unit qty. of Phosphoric Acid required for manufacture of 1 MT Export product or for whole consignment i.e. 25 MT.

also suggest that whether i have to file separate brand rate application for each shipment for the same product.

Waiting for your prompt reply

Dear Sir,

Greetings from Vimal-GUJARAT

How are you? Hope well.

I have query on ITC HS code of Product.

We are about to finalized the Export order of PVC Artificial Leather from Sri Lanka.

We are registered with Central Excise Unit under Chapter 5903 as a Coated Fabrics.

Buyer is asking to write HS CODE of PVC Artificial Leather: 392112 as there is High Import Duty on Product under Chapter 5903 and low duty on Chapter 3921.

If we change our Chapter for 5903 to 3921 then it is going to affect our domestic market bcoz Central Excise Duty on Chapter 5903 is 10 % where as on 3921 is 12 % on domestic Sale. However this duty is not making any difference in Export as there is no Excise duty on Export but it is going to affect on Domestic Sale as it will increase 2% Duty if we use HS Code 3921.

DBK % under HS CODe 590303 is 4.4 % where as under 3921

Now my queries are;

01. Can we use HS Code: 392112 while export the PVC Artificial Leather, in case of direct export?

02. Can we shall to merchant Exporter under CT-1 and H From under Chapter 5903 and Exporter use HS CODE 3921? Is it Permissible? Shall we mention 3921 as a Product HS Code in case of merchant Export?

Waiting for your kind guidance.

Thanks & Regards,

VIMAL

Dear Sir

I have exported laboratory plasticware in last year 3 times and forgot to file the prrof of export. What are the implications for filing the same now.

Also while filling the BRC form I have come across two problems.

1. The amount credited by bank in my account is less than then amount deposited by my customer in foreign currency.
Please advise how to show this cut by bank in the BRC and also which conversion rate have to be used in which column. As i have two rates, on the FIRC and second on the exchage control copy.

Please advise the same as soon as possible.

Akhil