Dear all,



I have taken advance licence to import of RM for manufacturing the goods to export. of CIF USD 100 @ INR 55 , CIF INR = 5500 value

But due to indian rupee depreciation, custom rate is INR 56, so CIF USD 100 @ 56 CIF INR: 5600 value . there is not differ in quanity and cif value USD but CIF value INR is less in advance licence



There is requirement of enhance ment of advance licence.

Please advise....

regards,

sunny

A company has 3 EPCG Licenses wherein to fulfill the export obligation Rs.22 Crs.
The export obligation is 6 times of duty saved and within 6 years we have to fulfill.
The Export till 31.03.2013 is zero
The policy states that the group company can fulfill the export obligation to the extent of 50 %
The company is requesting for CA certificate that the group company will fulfill the obligation .
Require help for basis of issuing the certificate and what documentation should be obtained for certification.

HI,

I am working with SEZ (Special Economic Zone) my qestion is.

If we making (while filling Bill of Entry) IUT or Bond to Bond transfer form one unit to another.

will we need to take landing charges in BOE?

Thanks in advance.

My client acts as THIRD PARTY EXPORTER. In the shipping bill, the exporter is the manufacturer and my client appears in third party details. The foreign currency comes into the account of my client (third party exporter). In manual BRC, it read as xxx (third party exporter) on behalf of yyy (manufacturer).

My question is now with eBRC, the BRC needs to be tagged to whose IEC - third party exporter or manufacturer?

My Client is a Manufacture of some heat measurement Item and also does trading of some imported items. It acquires some raw material from Import purchase by paying custom duty.
1. It purchases Material(importd from Belgium) for Reasearch & devlopmet purpose and utilised solely for inhouse R&D.
2. It purchases Materia(imported from Belgium)l for Trading.
3. It purchases material (imported from Belgium)for manufacturing and utilised in the process of manufacturing to make finished product (ie., heat measurement item). My query is that in which of the above three cases the client can get cenvat credit for custom duty paid. Can it avail Cenvat credit in all the three cases for Custom duty paid.
Thanks
Nayan Dey

Dear expert,
we have wrongly credit taken on additional duty of custom u/s 3(5) in service tax liability for last two years. now we want to reverse the credit already taken by paying the amount. whether there is penalty liability also arise for wrongly credit taken.

Hello everyone,

Recently I have imported rough diomond around 13000$ and export them to same party after doing job work an 16600$.
now if party will deposit the same profit amount in my account 6600$ then if there is any problem done with legal point of view or taxation purpose?
Or what process should I consider regarding this?

Thanks in advance.

Sir, we are an exportcompnay wanted to know that we going to export a detergent powder and for that we have taken Sluury and Soda as a raw material so which CT bond has to be taken from Customs

Hi Sir/Madam

We are 100% EOU unit
So, while Exporting Finished Products(In Wooden Boxes) in containarised cargo, can we send loose cases (plastic Bags) in the same container....?
And Is it required to mentioned description of loose cases in Invoice,Packing List,Tax invoice & ARE 1 documents...?

Dear Sir,

we are a SEZ Unit. We want to purchase the goods from Switzerland and sale it to the client in India which is a DTA unit. The seller in Switzerland will raise the invoice to us and we will raise a invoice to the client in DTA. Can we do high sea sales and still the goods can be imported in to our SEZ unit for further packaging job on behalf of the client.
one more clarification needed is, can the client in DTA file the bill of entry and clear the shipment from the port directly if we give a bond that material is sold by doing high sea sale transaction or only we can file the bill of entry?
Please give your inputs regarding high sea sale transaction as we are doing it for the first time. Also please advice about documentaion part.

Thanking you in advance.