Annexure no. 1 of new baggage rules 2016 specifies LED LCD in it with no specific limit on it.. so can it be assumed that it can be imported duty free with no monetory limts
Answer nowin 2008 I import a spare from china through courier and transfer the fund in foreighn currency through bank. that time bank did't demand anything but now after 8 years bank is demanding bill of entry for such import. plz advise me that, is it required to submit the bill of entry in case of import through courier and of yes then what is the consequences for non submission.
Answer nowAs Baggage is paid directly by the assesse then why it is treated as an indirect tax ??
Answer nowPlease clear the concept of Value Addition Calculation while export of gems and jewelry.
Value Addition (VA) for gems and jewellery sector shall be as per paragraph HBP v2 .
It would be calculated as under:
A – B
VA = ----------- x 100,
B
where,
A = FOB value of the export realized / FOR value of supply received.
B = Value of inputs (including domestically procured) such as gold / silver / platinum content in export product plus admissible wastage along with value of other items such as gemstone etc. Wherever gold has been obtained on loan basis, value shall also include interest paid in free foreign exchange to foreign supplier.
If anyone, clear it with example.
Dear Sir so, I am importer of Rubber from Vietnam. One consignment fail to obtain NOC from Rubber board,the government authority to allow imports as it failed in sample testing. I already paid customs duty,SAD and other levies. Can anyone please advise how to proceed for re-export and get back duty paid.
Answer now. Revti industries has a factory at lonavala and two branches at vapi and silvase. The goods produced at factory are dispatched to the branches. The goods are produced at cost of 170 per unit. The transport cost to vapi is 35 per unit and to silvase are 30 per unit profit @ 20% on cost is added during March 2015, quantity manufactured was 25000 unit. out of this 7500 units were sent to vapi and 6500 unit were sent to silvase
the sales during month were.
A. lonavala -9000 unit to local customer
lonavala 2000 unit to overseas buyer
b. vapi -6500 unit to local customer
c. silvase -5500 unit to local customer in addition 500 units were captively consumed
calculate excise duty payable @ 12.36 %
Gud eve sir r madam... I want t make sure one thing regarding income derived from agriculture land which has given for lease for the tenure f 20 years for solar plant .
Answer nowI want to know what is the difference between bill of entry and the check list of the products? I have seen that there is difference in the value on which custom is calculated in both the docs.? which entity/ies issues both document ? I have been told that for that difference appeal has to be filed.. please let me know... if you have any link then do share.. thank you
Answer nowdear experts, please tell me the custom duty entries in tally for equipment purchased with best example.. advance thanks.
Answer now
meaning