C.V.D

This query is : Resolved

POPAT (Querist)
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22 January 2009 HELLO,

WE ARE DOING TRADING BUSINESS WITHOUT TAKING ANY EXCISE REGISTRAION, FOR THAT WE ARE IMPORTING THE MATERIAL FROM FOREIGN COUNTRY AND SAILING IN LOCAL MARKET ON TAX INVOICE, WE HAVE TAKEN IEC NO FROM DGFT FOR IMPORTING THE MATERIAL, NOW MY QUERY IS THAT WHENEVER WE ARE IMPORTING THE MATERIAL THAT TIME WILL HAVE TO PAY CVD ON THAT MATERIAL WHICH IS APPLICABLE,HOWEVER THERE IS ANY RULE OR ANY SCHEME FOR SAVING THE CVD ON IMPORT MATERIAL SO WE CAN REDUCE OUR TRANSFER PRICE.

ravi

ravi (Expert)
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24 January 2009 u can import thru advance licence,what is the CVD that u r paying at present, can i know what is the material u r importing.

regards
k.ravi