X Ltd got MEIS scrips from an SEZ port (non-EDI port, say INALF1). Y Ltd buys the said scrips from X Ltd to use it against an import.
Y Ltd got the TRA (telegraphic release advice) in its name and the same is registered in a EDI port (say INCOK1). However, the Y Ltd could not utilise the said scrips and wants to now sell it to ABC LTD.

What is process by which Y LTD can sell the scrip to ABC LTD? How can Y LTD get a TRA issued in favour of ABC LTD from a EDI port (INCOK1)?

Importer imported a machine and send back within 3 months for repairs this machine repairing cost is Rs. 10 lakhs and freight charge Rs. 2 lakh but machine under warranty period  so no amount charge from Importer. However, Supplier from outside India sent a machine to importer for Temporary use for the period upto repairing of original machine, which having value of Rs. 55 Lakhs

Is Custom duty is applicable on Temporary machine or repairing value

tally single user use multiple PCs through Lan is possible

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Dear sir,

In one import consignment I have late submitted my import evidence to bank as I have received import documents late in turn late clearing of goods and late submission of the import evidence. I would like to know whether there is any penalty for late submission ( after three months of remittance ) of import evidence to bank after import of goods. if yes how much it is ?

Dear Experts

Please guide under which act and section Maharastra Govt. is collecting Stamp duty at the time of import via Nahava Seva port.

Regards

Rubul

Sir Our export documents were directly sent to overseas buyer as exported goods are perishable nature. Now buyer has defaulted payment. ECGC wants to regularize the export documents by RBI to settle claim.But RBI is not regularize the export Bill's. Kindly advice to get ECGC claim.

Can anyone tell me the process of Port Registration in order to claim SEIS Benefit.
Which port we should register and what are the procedural aspects with respect to that.

Dear Sir/Madam,
Please help to solve following

We import material from "A" supplier but at the time file Bill of Entry customs file on "B" name of supplier
Now our query is we had Paid advance to "A" and we get BOE in the name of "B", so how we can able to make payment to "A" and close BOE in IDPMS bank record

I hope understand my query


Thanks in advance

Nilesh

dear sir
My query is Is it mandatory to file 3years ITR
for feeding A D CODE IN CUSTOMS PORT COMPUTER.IF 3YRS ITR NOT AVAILABLE ,WHAT SHOULD AN EXPORTER/PROSPECTIVE EXPORTER SHOULD DO BUSINESS ;PARTICULARLY IN PERISHABLE GOODS LIKE VEG AND FRESH FRUITS .

Import Purchases - At what exchange rate should we book import purchase in books as per accounting standards and from where we will get this rate.

Exports - at what exchange rate should we book exports sales in books as per accounting standards and where we will get this rate