Professionalsaathi

Customs and Excise Duty

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  • Delievry Time Less then Year
  • Response Time 1 Day
  • English Level Professional
https://professionalsaathi.com/Customs and Excise Duty

About The Customs and Excise Duty
Roshan Singh

Customs and Excise Duty are critical aspects of international trade and manufacturing in India. Customs Duty is a tax levied on imports and exports of goods, while Excise Duty is imposed on the production of specific goods within the country. Our Customs and Excise Duty Service is designed to help businesses navigate the complex regulatory landscape, ensuring compliance with applicable laws and optimizing duty payments. With a team of experts experienced in customs and excise matters, we provide end-to-end solutions that facilitate seamless trade and efficient manufacturing operations.

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Benefits

Our Customs and Excise Duty Service ensures that your business adheres to all relevant laws and regulations, minimizing the risk of penalties, fines, and delays in clearing goods. .

We assist businesses in identifying opportunities to reduce duty payments through effective utilization of available exemptions, concessions, and preferential duty rates, ensuring cost-efficient operations. .

Our team of professionals provides expert guidance on customs and excise processes, enabling you to streamline your operations and avoid delays in clearing goods or obtaining permits. .

Our experts offer valuable insights and advice on customs and excise matters, helping you make informed decisions and stay up-to-date with the latest regulatory changes. .

Steps

We will conduct a thorough review of your business's current customs and excise duty practices to identify areas for improvement and potential cost-saving opportunities.

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We will assist you in obtaining the necessary registrations and licenses for your business, such as the Import Export Code (IEC) or the Central Excise Registration.

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Our team will guide you on maintaining accurate records and documentation related to customs and excise duty, ensuring compliance with statutory requirements.

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We will help you calculate the applicable customs and excise duties for your business operations and facilitate timely payment of duties to avoid penalties and interest

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Our experts will support you during customs and excise audits, liaising with regulatory authorities and providing guidance to ensure a smooth audit process.

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Requisties

  • PAN (Permanent Account Number) of the business entity

  • Valid email address and mobile number

  • Proof of business registration (e.g., Certificate of Incorporation, Partnership Deed)

  • Bank account details and supporting documents

  • Address proof for the registered place of business

  • Authorized signatory details (e.g., Aadhaar card, PAN card)

Deliverables

  • Assistance with registrations and licenses, including IEC and Central Excise Registration

  • Guidance on documentation and record keeping for customs and excise compliance

  • Accurate customs and excise duty calculation and payment facilitation

  • Expert consultation on customs and excise matters

  • Support during customs and excise audits and compliance checks

Frequently Asked Questions

Customs Duty is a tax levied on the import and export of goods across international borders, while Excise Duty is imposed on the production of specific goods within the country. .

Customs Duty in India is calculated based on the assessable value of the imported goods, which is determined by the product's CIF (Cost, Insurance, and Freight) value. Different rates and types of duty, such as Basic Customs Duty (BCD), Integrated Goods and Services Tax (IGST), and Social Welfare Surcharge, may be applied depending on the nature of the goods. .

The Import Export Code (IEC) is a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT) in India. It is mandatory for businesses involved in importing or exporting goods and services. The IEC serves as a primary identification number and is required for various customs and banking procedures related to international trade. .

Duty exemptions or concessions may be available to businesses under specific schemes, such as Advance Authorisation, Export Promotion Capital Goods (EPCG), and Duty Drawback. To avail these benefits, businesses must meet the eligibility criteria and comply with the respective scheme's requirements. Our team of experts can help you identify and apply for suitable duty exemptions or concessions. .

Non-compliance with customs and excise regulations can lead to penalties, fines, confiscation of goods, and delays in clearing goods. In some cases, businesses may also face legal proceedings and suspension or cancellation of licenses. Our Customs and Excise Duty Service ensures that your business remains compliant, minimizing the risk of such consequences. .

Contatc Us

Get In Touch

Feel free to reach out to us if you have any queries.

  • Locations

    Kashmir to Kanyakumari

  • Email Address

    info@professionalsaathi.com

    partners@professionalsaathi.com

  • Contact Numbers

    +91 8950296299

    +91 9315650745

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