There are various reasons for which customs department confiscate goods and if you are also in a situation wherein custom department has confiscated your goods then you must write a letter to customs to release goods to explain the situation. You can use the customs clearance authorization letter format for the same. This post includes […]
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Goods that are exported from a domestic country to any country have to pay Export duty. If the goods are exported by air or by sea, a shipping bill of export has to be submitted by the exporter in a specified format giving the required details mentioned in the free shipping bill scheme. This form […]
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Custom duty is another form of indirect tax levied on all the goods and services imported and some specific goods exported outside the country. Duties levied on goods imported is known as import duty and duty levied on exported goods is export duty. It is a means of revenue to domestic countries to preventive predatory […]
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To help you understand the method of calculating custom duty, we have come up with an example to make it an easier task for you. Go through this example which practically teaches you the right method for calculating right amount of custom duty. Follow the formulation to work out the custom duty for your goods […]
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For a smooth custom clearance, it is important that you send on time the authority letter to the custom commissioner, in case the IEC holder fails to be present for custom clearing. It is a kind of power of attorney which gives someone else the authority to have your consigned goods cleared through customs for […]
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