Under EOU scheme can we import capital goods and then shall we sell the same to our customer.We want to import one machinery and want to sell the same from Karnataka to Andrapradesh.It is defence department and not issuing D forms.
What are all tax implications?
Please guide me.
1. KVAT applies @ what % ?.
2. CST Apllies @ what % ?.
3. Customs duty payable or not ?
4. Is there any other taxes ?

Thanks & Regards,
Amar.
Since 3 days no answers from the experts?, please help me in this matter.

Dear all members
Monthly returns for 100 % export oriented undertakings in respect of goods cleared and receipt of inputs and capital goods - ER2 should be filed every month is a statutory one or not.
If it is statutory one - if there is no transactions also we have to file it or not.
What is the due date?.
what will be the consequences if the returns are not filed in time.

Thanks in advance.
Amar.
Since 3 days no one is answering why, please help me out.
Amar.

Background:
We are going to start import from Germany, and have the same goods be sold in retails market after paying the VAT/CST. Now, as per earlier notification no. 102/2007 dt 14.09.2007 - notification for refund, it was told that we could take the refund of 4% spl CVD, but every time it was cancelled by the authorities stating: unjust enrichments.

Now, against the notification for 4% spl cvd refund - 102/2007 csu, dt 14.09.2007; a new circular no. 16/2008 dt 13.10.2008 which explains - on how the refund can be effected. Will this work?

My querrry: Are there any possiblitites that now we could avail the 4% spl cvd refund facility.

Plz. answer:-

1)What is the full form of A.R.E.-1 form ?
2)What is the full form of S.D.F form ?

i have to import some material from italy. The material will be sent from italy to its office in kolkata. The indian office will then bill the material to me indicating custom duty, CVD etc. My company is not excise registered. In this case can i pass on CENVAT to my end contumer by doing a Sale-in-transit transaction.

By this method even being non excise registered company we are able to pass on CENVAT benefit to the end user in case of indegineous manufacturer. Is it possible to do this in similar fashion in case of imported supply and passing on the CENVAT.

Kindly advise.

Regards,
Amit.

Dear Sir,

I am working as accountant in STP unit, (100% EOU0 bangalore,

We have obtained the Letter of Permission from STPI for renewal of PBWL in September 2007 and the same has to be submitted to customs for renewal they give the validity up to 31/12/2008.

Now we have to apply for licence renewal to customs dept, whether we have to take a permission for no objection from STPI ?

or

We can directly apply for licence renewal to Customs dept with the Letter of Permission issued by STPI to us in last year ( noramally LOP is valid for next Five years fron the 5/9/2007) ?

Pl. advice me.

Thanks & Regards,
CHIDANANDA K R

Mb. No: 94493 46445

Dear Gurus, I want to know whether cenvat credit is available in case of taxes/ duties paid in the field of civil construction... Any View shall be highly appreciated.

I have rceived the notice from office of the addl. commissioner of customs (Special valuation branch) regarding finalization of provisionally assessed bill of entry!!

He has attched a quetionnaire and and demanded documents regarding bill of entries and imports.

What should I do? Is it manadatory to reply?

Proceedure to be followed?

Is there any specific formated application for approval by the Sponsoring authority under Project Import Scheme.
Or
Mere letter specifying the project details is sufficient...

We are manufacturers. We have units in Andhra Pradesh and Maharashtra.
I have doubt regarding EPCG lic., for our units in Maharashtra we have applied EPCG Lic. from Mumbai / Pune DGFT, now my doubt is for our new unit which is going to start within 25-30days, can we apply the IEC/EPCG Lic. from Hyderabad DGFT itself, if yes, what is the procedure.

regds
k.ravi