We are an STPI organisation. 100 % involved in software export activity. Now, we want to diversify into some domestic activity also. Can we operate our domestic activity from the Custom Bonded Warehouse itself?

Reply urgent.

Subhash

We are an STPI organisation. 100 % involved in software export activity. Now, we want to diversify into some domestic activity also. so part of the office needs to be de-bonded. Till now we are covered u/s 10B of IT Act, 1961. What would be the overall impact on us so far as taxation is concerned? & ALSO, whether being an STPI organisation whether we are allowed to operate other than from a Custom Bonded Warehouse?

Reply urgent.

Subhash

In 100% E.O.U. who has fulfilled the export obligation and intends to disburse unutilized part of imported raw material with two years to D.T.A. on applicable duties and taxes whether interest is payable on the duty amount from the date of import?

(Reference Notification No. 52/2003 Customs)

Kindly Suggest

Regards

What is the rate of custom duty on computer parts import???

Hi Friends,

I have a querry regarding IEC code addition of the address.. see the case is like we have an registered office in Banglore where we dont have any operations, we are operating from pune. In our existing IEC code we have added our current Pune address as branch office (existing IEC contain 2 Addresses) now we are moving to New premises in pune itself and custom bonding procedure is going on. The custom peoples are asking for the IEC code copy in which our new address should mentioned. Please suggest me what will be the procedure to add a new address to IEC code. also please suggest if anybody you know from banglore can do this work for us. we are looking for any professional. waiting for reply.

Regards
Nazir

i want to make career in indirect taxation ,presently im in ca and icwa final for june 2009 and nov 2009 attempt.what sholud i do ?

thanking you........

Hi Experts,

We imported the material and paid customs duty also. After receipt of material we found that the quality is not upto our standard and we can't use the material also, subsequently we rejected and scrped the material.

Whether we can able to get back the customs duty from the department whcih we paid for defective material?

Can i get any notification/court judgement in this regard?

by,

CMA Krishna Kumar

As per new rules er2 form has to be filed all eou units within 10 of every month, as few doubts in filling the form, our company has not done single import till date so the question of filling import column does not arise, what other details needs to be given could anyone pls let me know.

I have been doing Exports from India for the past two years.

All of my shipments are on NON DRAWBACK that mean a Free Shipping Bill.

When I send a shipment I sent a set of following documents -:

SLA Shipper Letter of Instruction
SDF Shippers Declration Form.
Invoice
Packing List.

Now the payments which I receive is in my Indian Bank account is USD converted to Indian Rupee.

Bank issues an FIRC for the same.

Now I have a SALES TAX matter where I have to get money refunded on the EXPORT done outside India.

The sales tax dept requires BRC (Bank Realisation Certificate)

When I approach the bank, they ask me for the following -:

Invoice
Request Letter
Shipping Bill copy
SDF Form.

When I re-checked the files many I have all the EXPORT DOCUMENTS like Shipping Bill, Exchange Control Copy, Invoice, HAWAB and the AWB

But many doenst have the attested copy of SDF's ?

What do I do now to have many BRC ???

Please advice it would be of great help.

What is Counter Veiling Duty?