WHILE WE IMPORT GOODS FROM OTHER COUNTRY WE MADE PAYMENT SUPPOSLY USD 10000 I.E IC 71000 ( USD 71.00 ) BUT AT THE TIME GOODS ARRIVAL CUSTOM DEPT ACCESED GOODS AT 72500 ( USD 72.50 ).
SO IN THIS CASE ON WHICH AMT WE RAISE EWB AND IF ANY GST CLARIFICATION IS THERE PLZ PROVIDE ME.
THANKS & REGARDS
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TRANSACTION VALUE ON EWB
Replies (5)
Custom add the freight charge for valuation of goods to imply custom duty , it clear mention In B.E. copy.
@ nitinji yes they are adding frieght & etc. but while remmitting payment we made in usd 71 but they are calculating usd at higher rate
In case of import of goods exchange rate used under custom act should be used for Gst valuation.
then how to pass entry in terms of excess profit generated from exchanged
every 15 day custom department issue notification regarding exchange rate for export and import , refer CBEC for notification.
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