Capital Goods (machinery for setup a plant) has been imported by us & duly cleared by Customs i.e. all duty have been paid. Now, on receipt of material, Part of items were found in damaged condition. There is no insurance of customs duty. Hence, Insurance Claim already lodged. foreign vendor agreed to give replacement. Damaged goods will be exported back to supplier after receipt of replacement. What will be the custom duty implications in order to replacement & export of damaged goods?
I want to know about invoice in exporting
I want to import goods from India & the supplier can bill the items in Indian rupees?
WHAT ARE THE DOCUMENTS REQUIRED FOR HIGH SEAS SALES.SECONDLY HOW CAN IN MAKE PURCHASE & SALES ENTRIES IN MY BOOKS OF ACCOUNTS
Government issues the Merchandise export incentive scheme. giving export incentives to various country based on A B and C group please let me know whether mention on shipping bill and invoice is sufficient to avail the benefit or there is some process to obtained such benefit
EOU had imported some electronic lab equipment in the past.
When the Equipment was found defective, in the absence of any service Centre in India, the same was ‘re-exported for Repair” to the overseas service Centre of the manufaurer
Now after repair, they are re-importing the equipment, for which they have paid in advance the repairing charges to the overseas service Centre. .
However, the custom is detaining the said re-import asking the EOU to produce permission from Ministry Of Environment, Forest & Climate Change (MOEF)
Is there any necessity to get such permission from MOEF for Re-imports of repaired equipment?
We know all attempts has to be made to make our motherland environmentally clean
Hazardous waste generated within the country and that is coming from outside the country should be checked and reduced.
At the same time in this case i.e. Re-imports of repaired equipment’s the following points are to be considered
1. The equipment was imported into India long time back .
2. The equipment became defective and instead of throwing it away as waste, it was re-exported for repair
3. Now it is repaired and hence it is not coming back as a waste product.
4. In other words, the re-exported defective equipment which was in India, is coming back after repair as usable item only to be used continuously.
Definitely there will be some notification waiving off ‘re-imports after repair “from the purview of MOEF permission.
Can anyone give some more light on this? I do not think that Government is not so illogical to overlook the above mentioned points.
Any one can suggest me !! We wants to purchase goods from domestics company in foreign currency and want to export against h form .. suggest can we remitt the domestic company in foreign currency .
We have manufactuer and we have procured material against advance license, now as a part of closing advance license procedure DGFT require Input details like descrpition and quantity on Supply Excise invoices, kindly confirm whether it is really mandatory, or any other way to convince DGFT ? when we tried to forward Excise invoice along with seperate Annexure to perticular excise invoice with Advance input-details but customer's Excise Juridiction refused to signd on the same. Pls advice.
please explain me additional custom duty with examples
Dear Sir,
Please inform shall we refund Basic Duty for excess duty paid 5% instead of 10%.
Regards,
Zalak Chauhan
Excel Mastery Program
Duty waiver in case of goods damaged in sea transit