Kindly send your expert opinion on my below query. We are registered under Central Excise as dealers and we are engaged in Trading business. We are importing products from various countries and make the sales to domestic market under the cover of excise invoice under rule 57G/GG and pass the incurred duty to Customers. Now we are getting enquiry from overseas market. We are having IEC already. Now kindly clarify the following points.
1. Is it allowed to export the goods which is imported as such for trading purpose? 2. What is the mechanism to pass the duty incurred at the time of import? 3. What would be the format of the Invoice. 4. Our product will come under the MRP category. 5. Please tell me the exact procedures to be followed in such cases.
CAclubindia
