Duty paid for imports
This query is : Resolved
R.Chandran
(Querist)
20 June 2012
DEAR ALL,
WHEN WE IMPORT RAW MATERIALS WE WILL PAY CUSTOM DUTY BEFORE MARCH 2012 AS 10% 2% 1% 2% 1% AND 4%. AT THAT TIME WE PASSED THE EXCISE DUTY TO THE BUYERS AND GET THE DUTY WHAT WE HAD PAID. NOW A DAYS WE ARE PAYING CUSTOM DUTY AS 12% 2% 1% 4%. IN THIS AMOUNT WE ARE PASSING ENTIRE AMOUNT TO THE BUYERS. BUT SOME IMPORTERS ARE PASSING ONLY 12% AND 4%. IN THIS CONNECTION I AM GETTING CONFUSED. THE EXCISE PEOPLE TOLD THAT YOU CAN PASS THE CUSTOM DUTY WHAT EVER YOU HAVE PAID AS IMPORT DUTY. DON'T POTHER OTHER'S ACTIVITIES . WHICH IS CORRECT. PLEASE HELP ME
WHEN WE IMPORT RAW MATERIALS WE WILL PAY CUSTOM DUTY BEFORE MARCH 2012 AS 10% 2% 1% 2% 1% AND 4%. AT THAT TIME WE PASSED THE EXCISE DUTY TO THE BUYERS AND GET THE DUTY WHAT WE HAD PAID. NOW A DAYS WE ARE PAYING CUSTOM DUTY AS 12% 2% 1% 4%. IN THIS AMOUNT WE ARE PASSING ENTIRE AMOUNT TO THE BUYERS. BUT SOME IMPORTERS ARE PASSING ONLY 12% AND 4%. IN THIS CONNECTION I AM GETTING CONFUSED. THE EXCISE PEOPLE TOLD THAT YOU CAN PASS THE CUSTOM DUTY WHAT EVER YOU HAVE PAID AS IMPORT DUTY. DON'T POTHER OTHER'S ACTIVITIES . WHICH IS CORRECT. PLEASE HELP ME
RAMESH KUMAR VERMA
(Expert)
20 June 2012
because after budget the excise duty rate increased .
pls send in FORUM>CUSTOM your scanned copy of Bill of entry as well another party ITC CODE. so that after examine reply post here.
Regards,
pls send in FORUM>CUSTOM your scanned copy of Bill of entry as well another party ITC CODE. so that after examine reply post here.
Regards,
R.Chandran
(Querist)
02 July 2012
THIS IS NOT THE ANSWER FOR MY Q. I KNOW VERY WELL THE CUSTOM DUTY HAS INCREASED. I WANT TO KNOW WHETHER WE CAN PASS OR NOT THE 2% AND 1% TO THE BUYERS
RAMESH KUMAR VERMA
(Expert)
02 July 2012
sir,
after budget the excise duty rate increased .
pls send in FORUM>CUSTOM your scanned copy of Bill of entry as well another party ITC CODE. so that after examine reply post here.
after budget the excise duty rate increased .
pls send in FORUM>CUSTOM your scanned copy of Bill of entry as well another party ITC CODE. so that after examine reply post here.
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