Dear Sir,

'XYZ' company is procuring goods from 'ABC ind pvt ltd' on high seas sale contract. ABC ind pvt ltd is a subsidiary of ABC singapore.
now as per my understanding, the CIF value shall be the HSS value in case of high seas sale. which means if CIF value is INR 100 then HSS value i.e. transaction value between XYZ and ABC ind pvt ltd shall INR 100.
However, IF the HSS value/ transaction value is INR 90 , what would be the implications for XYZ company ? XYZ continues to pay custom duty on INR 100. However, plz suggest if HSS value can be lower than the CIF value?

looking forward for your valuable guidance.

hello Experts,
I want to know whether the Courier Charges And Air Freight will be part of FOB value in case of Export for Claiming the Export Benefits

Regards
Anupam

Would like to get the machine by indigenous through EPCG license. So shall we apply the Licence only for CVD and SAD Portion ?

If its imported machine available in FTWZ facility , shall we apply the Entire potion of Duty as norms? Are wee right?

We need clear details and help us

Status Holders shall be entitled to export freely exportable items on free of cost basis for export promotion subject to an annual limit of Rs 10 lakh or 2% of average annual export realization during preceding three licensing years, whichever is higher. How to calculate Rs 10 lakhs as export amount is in Foreign currency?Do we have to use current Conversion rate? In same way,how to calculate export realization amount?

Dear Experts, One of our customer transfered advance payment in USD against his order. Now customer plan to come to India and collected goods. So kindly clarify below queries. 1. how to ensure the export obligation? 2.Pls suggest if any alternative way to handle this? Thank you

Hi,
If someone wants to import Pencil, what would be the import duty.
Is there any special approval required to import Pencil ?
Is pencil comes under MRP based product ? If yes, then what would be the abatment ?
Thanks in Advance
Vinay

Dear Madam/Sir,

please advice documents required for registration of following in customs along with formats.

1) Advance Authoristion for Annual Requirement
2) E.P.C.G. Authorisation
3) DFIA

kindly revert.

Regards


Harkirat Singh
Cell no. 9910431655
email : harkirat957@gmail.com,
harkirat_india@yahoo.com

We exported goods to Hong Kong and the consignment is rejected and party is not paying, Now it is nearing two years and the product are unusable and almost waste.Recall cost of goods will be more than the value and it is better to abandon. Please suggest how to sort out and also what is the procedure to intimate customs and RBI.

I have filled my return on Income for the assessment year 2016-17 as salary income filed without Filing form 10e so that I have received notice from Income tax department that letter says you are required to pay tax for that above mentioned arrears of salary so that I will file revised return? or Rectification return? or 10e form Filing only?

Dear All,

We are in the process of redemption of DFAI Licenses but unfortunately we have not filed BOE at the time of supply of goods to SEZ for 2013-14, duly signed ARE-1 & invoice has been given to party, my query is can we use BOE filed by the SEZ unit or is there any other option is available which will work as BOE for us to submit in DGFT. if do u have any case law for this please guide me on the same.

Thanks & Regards,
Milind Diwalkar
Cost & Management Accountant.