What is the rules and documentation process for Import of Methanol, etc.?
please let me know
Import rules and documentation process
Kishor (Sales cum Dispatch Officer) (56 Points)
27 October 2012
1 Replies
Rama Krishnan
(MBA)
(571 Points)
Replied 27 October 2012
METHANOL ARE CLASSIFIED UNDER HSN 29051100, CUSTOMS DUTIES ARE AS BELOW
BCD- 7.5% VIDE 12/2012 OF CUSTOMS SR NO 165
CVD- 0% VIDE 12/2012 OF EXCISE SR NO 115
CESS- 3%
SAD - 4%
METHANOL ARE NOT RESTRICTED FOR IMPORT AND DO NOT REQUIRE A IMPORT LICENCE FROM DGFT UNLIKE OTHER DERIVATES WHICH REQUIRE A IMPORT LICENCE. STILL GET IT CHECKED FROM CUSTOMS PORT, PRIOR TO IMPORTS.
YOU NEED AN IEC AND OTHER IMPORT DOCUMENTS IN ORGINAL ( INVOICE, PACKING LIST, BILL O F LADING , CERTITIFCATE ORIGIN FOR CUSTOMC LEARANCE.
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