Licensing fee on import
This query is : Resolved
Rahul Verma
(Querist)
08 November 2014
hello,
we have received the import invoices from our pune branches
wherein we have to calculate the custom duty on the basis of license. i really in a need to know how to calculate the license on import invoices.
Rahul Verma
RAMESH KUMAR VERMA
(Expert)
01 January 2015
Application for Import Licence under Export Promotion Capital Goods (EPCG) Scheme
Fee
***
Two per Thousand or part thereof subject to a minimum of Rs.Two hundred and maximum of Rs. One lakh. However, for applications filed electronically, the fee would be Rs.1/1000 or part thereof subject to a minimum of Rs. Two hundred and maximum of rupees Rs. fifty thousand.
for calculation import invoice
******************************
import value (50000 USD)*rs60
* exchange rate
30,00,000
fee will be Rs 3000
30,00,000/10000*1
Fee
***
Two per Thousand or part thereof subject to a minimum of Rs.Two hundred and maximum of Rs. One lakh. However, for applications filed electronically, the fee would be Rs.1/1000 or part thereof subject to a minimum of Rs. Two hundred and maximum of rupees Rs. fifty thousand.
for calculation import invoice
******************************
import value (50000 USD)*rs60
* exchange rate
30,00,000
fee will be Rs 3000
30,00,000/10000*1
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