0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the custom duty to import LED light from China to Nepal?
The custom duty to import LED light from China to Nepal is 5%.
What describes a type of tax related specifically to the import and export of goods?
duty A+
What is cutom duty on laptop to import in Pakistan?
what is the custom duty in pakistan for import of used laptop only one from china
Which term describes a type of tax related specifically to the import and export of goods?
duty
What term describes a type of tax related specifically to the import and export of goods?
duty A+
Does customs duty come under direct expense?
I was look for the answer to this very same question! And I found it: "Customs duty comes in two types: Import Duty & Export Duty. Duty paid on goods imported from Abroad is known as Import Duty and is debited to the Trading A/c but Duty paid on goods exported expense connected with sales, is debited to profit and loss account, so import duty on goods purchased from abroad is a direct expense and export duty on goods sold is indirect expense."
What is meant by the term import tax?
The term import tax or import duty is the amount that a countries authorities charge to import or export certain goods into or out of the country. This cost ranges based on the value of the item and the type of value.
What is epcg license?
It is Export promotion Capital Goods Scheme. This scheme allows importer to import capital goods with paying custom duty. But the importer has to export 6/8 times of the value duty saved depending on condition laid down in the license.
What is the long form of EPCG EOU?
The Export Promotion Capital Goods scheme (EPCG) that allows import of capital goods at 10 per cent customs duty. EOU is export oriented unit.
What is DEPB?
DEPB stands for Duty Entitlement Pass Book. It is a scheme which is offered by the Indian government to encourage exports from the country. DEPB means Duty Entitlement Pass Book to neutralise the incidence of basic and special customs duty on import content of export product. This is provided by way of grant of duty credit against the export product at specified rates. The DEPB Scheme which was notified on 1/4/1997 consisted of (a) Post-export DEPB and (b) Pre-export DEPB. The pre-export DEPB scheme was abolished w.e.f. 1/4/2000. Under the post-export DEPB, which is issued after exports, the exporter is given a duty entitlement Pass Book at a pre-determined credit on the FOB value. The DEPB allows import of any items except the items which are otherwise restricted for imports. Source: Government of India, Department of Commerce
What are duties imposts and excises?
An indirect form of taxation based on the movement of a good across a border, e.g., import or export duty. SECOND ANSWER: A duty taxes imported, exported, manufactured, and the sale of goods.
What are principle of clearing and forwarding?
The principles of clearing and forwarding refers to how an import or export company clears merchandise through customs and pays the required duty or fees that are owed.
