Anonymous

- E'ee of one of our client bought 1 laptop from Singapore with him while returning after completion of work but invoice of the same is issued on the name of Indian Co.(i.e. E'er)

- I wanted to know the procedure and consequences such as Custom duty or interest or penalty if any payable & payment of the Invoice issued on co's name.


CA Kunjan - www.canaresh.com
24 June 2013 at 23:04

Set off of special additional duty

can an importer of computer hardware who repackages and resells in indian market take set off of SAD paid on import against domestic service tax liability being computer advisory services ?

It registered under central excise after 6 months of importing these goods. (It does not have any excise liability as its turnover is less than 1.5 crores.)

regards, ca kunjan shah, 9820750784, www.nsc.in


Vijay

I bought one used mobile phone from Norway .it has reached India about one month back. at first I received a letter from office of customs asking remittance and invoice copies. I have submitted the copies through Indian post. again I received another letter after 20 days asking NOC from Ministry of Environment and forest(DGFT) regarding electronic waste. and also they have requested to arrange a customs approved charted engineer for valuation of used goods.

first of all it won't come under e waste. I'm importing that one for personal use not for dumping.

how can I proceed further? How to get NOC from ministry ?


vishal vyas
24 June 2013 at 11:51

Assessable amount

Dear Sir,

Please tell me how to count Assessable amount from Bill Of Entry of Import.


SHREYANSH B SHAH
22 June 2013 at 11:16

Import licence

Hi Experts ,

What is the procedure for Issuance of Import License for a person Importing Cosmetic Item.. And want to trade it Localy,

Please give me guidence as fast as possible



Anonymous
21 June 2013 at 13:09

Foreign trust

can anyone pls tell me...one person has a trust in moritious..he wants to open custodian account for trust with bank in india...whether he should ope institutional or non-institutional custody account...depending on which he will be liable to pay less tax ????


Mukul Pandey
20 June 2013 at 17:45

Sdf form

1.If we get 100% of payment before shipment,even then SDF form is to be filled,submitted to customs & finally to bank

2. Does Appendix C 1 in Rebate of Exciseable goods in exports has to be retained by customs or to be returned to exporter after shipment.



Anonymous
20 June 2013 at 15:21

About eps

According to accounting standard 20, (Accounting for Earnings Per Share)every listed company must disclose earnings per share in its financial statements. But its not clear about the unlisted pirivate limited companies. What is the state of unlisted private limited companies in this issue?



Anonymous

Dear all,

We are register the IEC(Import and export code) in the name of person.Is it possible to export on individual name.

Please reply me immediately.


ravi mittal

Dear Sir / Madam,

We have been exporting goods since August 2012 and we are entitled to 6.8% dutydrawback for our exports. Even our shipping bills have clearly mentioned the amount receivable for export for dutydrawback.

In the last 12 exports, we got dutydrawback for 1 export / shipping bill, while all others are pending with customs.

On enquiring, they informed us to get Non-Availment Cenvat Certificate from Excise Range Office. On contacing Range Office, the Excise Superintendent clearly mentioned that they cannot issue Non-Availment Cenvat Certificate since we are taking input credit for our purchased.

Now, since the dutydrawback is an export incentive, why do I need to submit a Non-Availment Cenvat certificate to customs? When I buy something under excise, and I sell in export, even then I am not utilizing this credit. Also, how is an 'export incentive' related to my excise purchase and sale? I do not understand why Customs is asking for this certificate. I smell something fishy.

Can someone clarify how we can tackle this issue? And how we can respond to Customs department?