Bhupesh Panchal's Expert Profile

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Bhupesh Panchal

Doctoral research Scholar

M,Com. M.B.A., CS

Udaipur (Raj.)

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Amarpal Choudhary says : Contact informiation
Dear we need your contact details for some assignments. Mail me at amarpal@icai.org

Suresh says : Merchant Export
Got a small question. We are likely to get a software related services export order to USA which we are unable to make. We have tried to outsource this project to a party overseas. How can we declare ourselves as Merchant Exporter and complete the transaction? The payment to outsourcing person will go to overseas. The payment from final client will come to India from USA. Please guide us. I am ready to pay any charges if any. Thanks.

SUMIT MODY says : EXCISE QUERY
I DONT HAVE EXCISE NUMBER BUT DO HAVE VAT NO. I HAVE TO PURCHASE GOODS FROM LOCAL MKT FROM MERCHANT WITH EXCISE NO AND TO DELIVER IN LOCAL MKT ONLY.SO WHICH FORM I HAVE TO SUBMIT SO I HAVE TO DONT PAY EXCISE AMOUNT PLS REPLY ME ON modysumit@hotmail.com

Padmanaban Damodaran says : Purchase Raw material without Duty
Dear Sir, We are manufacturers exporters of aluminium powder in Tamilnadu. We need to purchase rawmaterial for further processing and the finished goods will be Exported. Now how do we purchase our rawmaterials with out payment of duty against which forms? Awaiting your suggestions

B G suresh says : Manufacture cum merchant Export
1. The present license that we have is as Manufacturer Exporter. When we apply for registration as Merchant Exporter, will we be give a separate license for Merchant Export or we will get a common license as Manufacturer cum Merchant Exporter 2. If we export the material from Calcutta, we can provide Form H for Sales Tax and the manufacturer can clear the consignment against his Bond with Excise Department. How will the manufacturer prepare the invoice ? When the documents are submitted, will the ultimate customer know the price at which we have bought the material ? 3. If we bring the material into our premises, can we take the Modvat ? (I believe we can take the Modvat) 4. If we bring the material into our premises can we give Form H to the Supplier ? ( I believe we can as long as there is a “ONE TO ONE” relationship between the incoming and outgoing material. 5. As a Merchant Exporter, can we get the material inside our manufacturing premises ? ( I believe we can – Suppose we want to export a material from a manufacturer who does not have the license to export ) 6. The material we intend export is quite bulky and the freight cost will be substantial. We can export from Calcutta as long as the ultimate purchase does not know the price at which we have purchased. We can then raise a commercial invoice. 7. How does the Bank reconcile between the invoiced value and the FIRC (Foreign Inward Remittance Certificate). They will not match ?