Dear All Experts,

My query regarding penalty on custom duty short paid.

We was paying custom duty @ 5% on an imported goods.
one day anti evasion team come and draw samples of material.
before receive any demand or notice from department we have paid differential duty with interest on basis of right tariff classification of material.
Now department asking for pay penalty @ 25%.

All the experts have request to tell, Are we liable to pay penalty on said differential duty?

Thanks

Can Service Provider avail credit of Additional Duty (Custom) 4% (019/2006) against the Service Tax Payment?

Dear all,

Can you clarify my doubt regarding Customs duty can take cenvat credit. Here is the amount of invoice
Value 755,045.94
BCD 10% 75,504.59
CVD 10% 83,055.05
CustCess2% 3,171.19
Cus Sec h 1% 1,585.60
Add. Duty4% 36,734.49
Total 955,096.86

So please explain what are the item will get cenvat credit for filing service tax

Thank you

while issuing invoice by the dealer importer what text to be mentioned in the invoice for claiming refund of sad @4%.

IS THERE ANY SPECIFIC FORMAT OF LETTER FOR SURRENDERING IEC AND HOW IT WOULD BE SEND TO DGFT ELECTRONICALLY OR BY SPEED POST.

Dear Sir/Mam,

We recently have registered with DGFT (through a consultant).But the problem is When we reveived our IEC we observed that our address had some errors (as bank certificate provided by us was having the same error of address)
Now my question is how can we update our address in IEC???

Please sir
. if we are highseas buyer we have mandatory IEC code

sir ,

i want to import watch and television via courier for personal use .

can you please tell me if there will be any import duty and exemption if any.

also if i want to import it for business purpose do i need to have I/E code?

What is the basic import procedure in India?

Dear All,

I need help on the below given question on urgent basis:

Please provide the list of duties which are refundable in manufacturing of Mobile Accessories.

Kindly do the needful as early as possible.