Licensing fee on import
This query is : Resolved
08 November 2014
hello,
we have received the import invoices from our pune branches
wherein we have to calculate the custom duty on the basis of license. i really in a need to know how to calculate the license on import invoices.
Rahul Verma
01 January 2015
Application for Import Licence under Export Promotion Capital Goods (EPCG) Scheme
Fee
***
Two per Thousand or part thereof subject to a minimum of Rs.Two hundred and maximum of Rs. One lakh. However, for applications filed electronically, the fee would be Rs.1/1000 or part thereof subject to a minimum of Rs. Two hundred and maximum of rupees Rs. fifty thousand.
for calculation import invoice
******************************
import value (50000 USD)*rs60
* exchange rate
30,00,000
fee will be Rs 3000
30,00,000/10000*1
Fee
***
Two per Thousand or part thereof subject to a minimum of Rs.Two hundred and maximum of Rs. One lakh. However, for applications filed electronically, the fee would be Rs.1/1000 or part thereof subject to a minimum of Rs. Two hundred and maximum of rupees Rs. fifty thousand.
for calculation import invoice
******************************
import value (50000 USD)*rs60
* exchange rate
30,00,000
fee will be Rs 3000
30,00,000/10000*1
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