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Mayank
27 June 2016 at 23:41

Baggage

As Baggage is paid directly by the assesse then why it is treated as an indirect tax ??

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Nitesh Barman

Please 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.

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SEBASTIAN THOMAS

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.

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moinuddin
18 May 2016 at 10:02

Solution for this problem

. 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 %

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Ravi kiran yadav
11 May 2016 at 17:40

Agriculture land

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 .

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Namrata Pandya

I 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

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Srinivas Ch
09 April 2016 at 17:04

Custom duty entries

dear experts, please tell me the custom duty entries in tally for equipment purchased with best example.. advance thanks.

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Anonymous
23 December 2015 at 13:29

Bank guarantee required under epcg

Sir we are planing to import plant and machinery for new manufacturing unit under EPCG .

for that how much bank guarantee is required to give full amount of duty saved or any concession is available to manufacturer.

Please give clarification on it as early as possible...

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Anonymous
19 December 2015 at 10:45

Duty on skd items

I wish to import certain mobile accessories like power bank and mobile adapters in SKD. Do it will save import duty?

Do I need an Excise registration for assembly thereof ?

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ASHISH KUMAR NAMDEV

Dear All,
Greetings of the day,

We are a leading Mfg. com. in india having units all states .
we imported a Machine under EPCG Licence from Singapore in name of our Uttrakhand unit. but Machine is delivered in Himachal Pradesh.

Please clear the whole scynerio to fullfill the followings.

1-Documents need for transfer of Ccapital goods from Unit-1 uttranchal to unit-2 himachal pradesh of same company

2-Accounting Trearment in each unit .

3-Intimation of Machine Arrival by which unit.

4-Installation certificate by which unit.

Thanks & Regards in Advance

Ashish kumar


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