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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Calculation of Customs Duty in Excel Format
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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Authority Letter Format To Send to Deputy Commissioner of Customs
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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Guidelines on Applying for IEC for Commercial Import Export of Goods
IEC Code, also known as Import Export Code is a 10 digits code that is issued by Director General of Foreign Trade. If any person who wishes to start with an export or import business in India has to have this IEC certificate to begin the trading at commercial level. This post talks about everything […]
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