How should i account for customs duty for import purchases. One of my client is accounting as & when they pay the duty. Is it right?

Dear Rajesh sir,

Our organisation exports paper folding machinery.We don't import anything.

So i wanted to know what are all export benefits that we can take/avail???

As per my knowledge we can take benefits under Drawback and Focus market scheme.

If you feel yes then please suggest what is the procedure for it??
If you feel no then please mention the schemes

Please suggest
Thanks and regards,
Nakul Khatri

I am importing materials from japan which are to be used in manufacture of goods which are then exported.

My query is that while importing materials, whether I am liable to pay custom duty ?

Is there any way to avoid custom duty payable on port ? Because I am exporting the goods

Also guide me difference between duty drawback , rebate and bond while doing the export

Sir,
If the iec code certificate hard copy is not available or yet to be received. And having valid iec code, taken online.
How to clear the goods on the basis of online iec code certificate ?

Very very urgent.
Regards,

For doing export to Iran, by mistake i have filed the export shipping bill in USD instead of INR. Whereas my payment has been received in INR in my UCO Bank. Now the UCO bank is demanding for the Shipping Bill in INR only. What is the solution to this problem ? How do i resolve this issue ?

There is recent notification by DGFT dated 18th April 2013 wherein the SFIS benefits of 10% of free foreign exchange now will be calculated on the basis of net free foreign exchange earned (i.e., after deducting foreign exchange spent from the total foreign exchange earned during the financial year).

However it is not clear whether foreign exchange spent includes spent for imported materials also or services only? If company pays say royalty to any foreign company, will the same gets included in foreign exchange spent?

Dear Sir,

when bonding material into warehouse we usually get 3 copies original,dup,and triplicate (ECC)

also debonding 3 copies received,which copy should submit for bank (Into bond or Ex bond)

Exports proceeds which are realized after goods are exported is converted to FOB Value (INR) based on Customs declared Exchange Rate.Please advice which date is taken for the benefit calculations. Is it Shipping Bill Date or the Let Export Date?

any time limit for the filling of bill of entry u/s 46 for home consumption

Dear Sir,actually I want to know about bill of entry which is file u/s 46 , time limit/boundation for filling Bill of entry u/s 46 , 68.