One of my clients is planning to import pulses from Nigeria on consignment basis. he will make consignment purchase of pulses from Nigeria. Is it allowed under applicable regulations. Also please tell me where to check.

Sir, what is import custom duty rate including all charges used for 7.5% basic duty capital goods and how the calculation will done

Sir, what is import custom duty rate used for 7.5% basic duty capital goods and how the calculation will done.

Sir what is custom duty rate used for 7.5% basic duty capital goods and foreign exchange rate used for conversion of basic amount of machine value excluding vat and cst

Dear experts, In computation of education and SHEC for customs duty purpose, whether CVD should be included or not. Now there is no EC & SHEC on excise duty. Kindly clarify.

Dear Experts

My company engaged in trading business.Now the question is We import some material from Pakistan and At the same time I export this material to Nepal (i.e same truck deliever material to Nepal)
1.Is the above trading is legal in India
2.What is the procedure to be follow if it is legal

So please solve my query.

We have received letter from our bank to submit exchange control copy against payment made to foreign vendor . However we have already submitted the same to bank previously but we missed to take acknowledge of receipt. Is there any way to get it again from customs?

Dear Expert

please advise on below case:-

Suppose if we import goods of USD 10 Lac and paid USD 10 lac to Vendor.
But later due to some quality issue we rejected this material and send back ( Re Exported ) to vendor then Vendor has provided us replacement of material of USD 8 lac and rest USD 2 lac paid by vendor to us .

Now we have received only Usd 2 Lac against re export of USD 10 lac. since replacement provided by vendor of USD 8 Lac in aspect of Material .

Please advise me does RBI allow to receive in kind consideration and also confirm to me for which amount bank will issue BRC to us against it re export.

Regards
Deepak



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Dear Sir,

If we import goods from outside india, the custom duty is exempted on electrical goods(like mobile parts) in semi Knocked down form .what is the procedure to availing exemption of custom.

Why does CBEC notifies both buying as well as selling rate. In case of selling rate logic is clear as invoice is in Forex and we need to convert it into INR, but what's about buying rate, why is it notified? It will be used in export but export invoice. already in INR...