Raghunandhaanan rvi Profile

Raghunandhaanan rvi

Over 30 years experience in Logistics Field and Qualified in Customs Broker Examination (Reg.9) Well Experience in handling Import and export of Goods

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About
26 Articles
14 Questions
171 Answers

Senior Customs & Trade Compliance Professional with over 30 years of experience in customs brokerage, excelling in import and export operations. Qualified for the Customs Broker Licence Examination (Regulation 9) and well-versed in Customs Law, procedures, and related regulations.

Skilled in end-to-end customs clearance, goods classification, and tariff interpretation. Experienced in drafting responses to departmental queries and audits related to trade transactions.

Expert in Duty Drawback processes and export incentives, ensuring compliance while maximising benefits. Recognised for regulatory knowledge, operational precision, and leadership in overcoming customs compliance challenges.

Key Areas of Expertise
• Customs Clearance (Import & Export)
• Customs Law & Regulations
• Goods Classification & Valuation
• Customs Broker Licence (CBL – Reg. 9 Qualified)
• Drafting Replies to Queries & Notices
• Duty Drawback Procedures
• Export Incentives & Promotion Schemes
• Regulatory Compliance

Showing 1 to 14 of 14 Results

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1 to 14 of 14 Results

Issue Id: 120563

EXPORT OF GOODS - OPTING BOTH LUT AND IGST PAYMENT SIMULTANEOUSLY

Dear Sir, An exporter opts to export goods under LUT without paying IGST. The LUT was registered and accepted by the GST office and is valid ... Read Full Issue

Asked by Raghunandhaanan rvi

24 Oct 2025

3 Replies

1836 Views

Issue Id: 120162

IMPORT OF ALCOHOLIC LIQUOR INTO INDIA

Our client wants to import Alcoholic liquor into India for warehousing in FTWZ and subsequently export it and dispatch it to different states based ... Read Full Issue

Asked by Raghunandhaanan rvi

19 Jun 2025

9 Replies

8369 Views

Issue Id: 119438

REVERSAL OF ITC ON RE-IMPORT OF GOODS EXPORTED UNDER LUT

Dear Experts, Our client exported goods from a manufacturing unit referred to as "A," located in Madhya Pradesh, under a Letter of ... Read Full Issue

Asked by Raghunandhaanan rvi

03 Dec 2024

2 Replies

3211 Views

Issue Id: 119036

IGST AMOUNT SHOWN AS DUTY FOREGONE IN BILL OF ENTRY FOR GOODS NOT ATTRACTING IGST

Sir, We filed a bill of entry for the clearance of goods under the EOU notification. As per the Notification, BCD and IGST are exempted. Even ... Read Full Issue

Asked by Raghunandhaanan rvi

18 Mar 2024

5 Replies

2921 Views

Issue Id: 118181

IGST Exemption on Export freight after 01.10.2022

Sirs, Exemption from IGST on export freight for transportation of goods by vessel or aircraft from customs station of clearance in India to a ... Read Full Issue

Asked by Raghunandhaanan rvi

01 Oct 2022

11 Replies

24628 Views

Issue Id: 117574

APPLICABILITY OF MEIS - LEO DATE JAN 2021- SHIPPING BILL DATE DEC 2020

SirShipping bills filed with customs in December 2020 with intend to claim MEIS. But LEO has given in 1st January 2021.MEIS was available only till ... Read Full Issue

Asked by Raghunandhaanan rvi

16 Oct 2021

2 Replies

4929 Views

Issue Id: 117567

RE-EXPORT OF IMPORTED GOODS UNDER GST

Sir,Goods imported into India without payment duty for calibration work and subsequent re-export.My query is that :Whether re-export should be under ... Read Full Issue

Asked by Raghunandhaanan rvi

13 Oct 2021

5 Replies

11203 Views

Issue Id: 113568

Export under LUT

Sir,LUT submission online for FY 2018-19 successfully completed and got ARNCan we export based on ARN in lieu of LUT acceptance letter from DC/AC ... Read Full Issue

Asked by Raghunandhaanan rvi

03 Apr 2018

5 Replies

3124 Views

Issue Id: 112444

Claiming composite rate of duty drawback

Sir,Under GST regime, exporters can claim composite duty drawback [customs, Service Tax and excise portion] under AIR provided exporter and central ... Read Full Issue

Asked by Raghunandhaanan rvi

26 Jul 2017

2 Replies

4282 Views

Issue Id: 112443

DECLARATION OF GSTIN IN SHIPPING BILL FOR EXPORT OF GOODS

Dear Sir It is stated to be mandatory that IGSTIN should be declared in shipping bill for availing of input Tax Credit or IGST refund. Further it ... Read Full Issue

Asked by Raghunandhaanan rvi

26 Jul 2017

4 Replies

4310 Views

Issue Id: 111870

MANNER OF PAYMENTS FOR IMPORTS IN INDIAN RUPEES

Dear ExpertOne of our clients wants to import merchandise from Iran into Indiafor which import invoice has been raised in Indian Rupee ... Read Full Issue

Asked by Raghunandhaanan rvi

04 May 2017

2 Replies

6125 Views

Issue Id: 110402

CUSTOMS (IMPORT OF GOODS AT CONCESSIONAL RATE OF DUTY FOR MANUFACTURE OF EXCISABLE GOODS ) RULES 2016

Dear Sir, Reference to Customs Notification No. 32/2016 [NT] that notified “Customs (Import of Goods at Concessional Rate of Duty for ... Read Full Issue

Asked by Raghunandhaanan rvi

25 May 2016

7 Replies

9444 Views

Issue Id: 110359

ONLINE FORM KK FOR TRANSPORT

One of our clients import Fresh Fruits from USA to Chennai port and transport it to other states after customs clearance direct from Port / ... Read Full Issue

Asked by Raghunandhaanan rvi

17 May 2016

1 Reply

11069 Views

Issue Id: 110339

Customs examination report for cancellation of b1 bond

Sir, One of our clients exports their finished goods from factory under ARE-1. Export containers are sealed by self-sealed by the exporter himself ... Read Full Issue

Asked by Raghunandhaanan rvi

11 May 2016

8 Replies

2844 Views

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1 to 14 of 14 Results

171 Replies on 117 Issues

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1 to 20 of 117 Results

Issue Id: 120990

Quality control order Process-reg

Dear All We are importing Steel pipe from china / Europe. But our supplier does not have the BIS certification. At that time of clearance customs ... Read Full Issue

Asked by Mathi

02 Jul 2026

2 Replies

356 Views

Issue Id: 120946

Company name changes in IEC and ICEGATE

Dear All Our company name is changed from X to Y and it was updated in the MCA portal too. Same PAN number retained. In DGFT portal "y" ... Read Full Issue

Asked by Mathi

04 Jun 2026

1 Reply

423 Views

Issue Id: 120805

Clarification on whether import IGST is covered under deferred payment facility for Eligible Manufacturer Importers (EMI)

Hi Folks, I seek a clarification regarding the scope of the deferred payment facility extended to Eligible Manufacturer Importers under Circular ... Read Full Issue

Asked by Piyush choudhary

09 Mar 2026

1 Reply

1164 Views

Issue Id: 120563

EXPORT OF GOODS - OPTING BOTH LUT AND IGST PAYMENT SIMULTANEOUSLY

Dear Sir, An exporter opts to export goods under LUT without paying IGST. The LUT was registered and accepted by the GST office and is valid ... Read Full Issue

Asked by Raghunandhaanan rvi

24 Oct 2025

1 Reply

1836 Views

Issue Id: 120371

Previous year LUT filed accidentally on shipping

I think my CHA has accidentally filed the LUT number of previous year in the shipping bill made in June this year. However I am unable to see the LUT ... Read Full Issue

Asked by Ayush jain

20 Aug 2025

1 Reply

1466 Views

Issue Id: 120162

IMPORT OF ALCOHOLIC LIQUOR INTO INDIA

Our client wants to import Alcoholic liquor into India for warehousing in FTWZ and subsequently export it and dispatch it to different states based ... Read Full Issue

Asked by Raghunandhaanan rvi

19 Jun 2025

2 Replies

8369 Views

Issue Id: 119522

Amendment in shipping Bill

Dear Experts we have changed our invoicing process of exports of goods under LUT to exports with payment of IGST. Upon revieving certain invoices, ... Read Full Issue

Asked by Navid mukadam

16 Jan 2025

1 Reply

15646 Views

Issue Id: 119520

Sale of part of Imported Goods in Trnasit

We are registered at Rajasthan. We are importing goods at Nava Shera, Mumbai. It is a container load (10000Kgs). We are taking delivery at Nava Shera ... Read Full Issue

Asked by Deepak gulati

15 Jan 2025

2 Replies

3839 Views

Issue Id: 119479

Process for Factory stuffing/self selaing permission

Dear All, currently, we are in the process of obtaining factory stuffing/self sealing permission foe which our CHA has recommended to obtain an ... Read Full Issue

Asked by Navid mukadam

23 Dec 2024

1 Reply

3357 Views

Issue Id: 119438

REVERSAL OF ITC ON RE-IMPORT OF GOODS EXPORTED UNDER LUT

Dear Experts, Our client exported goods from a manufacturing unit referred to as "A," located in Madhya Pradesh, under a Letter of ... Read Full Issue

Asked by Raghunandhaanan rvi

03 Dec 2024

1 Reply

3211 Views

Issue Id: 119373

Dispute between import classification and Domestic supply classification

Can the import classification and domestic classification for the same product differ. Is it correct proposition of law, to state classification for ... Read Full Issue

Asked by V lakshmikumaran

25 Oct 2024

1 Reply

10685 Views

Issue Id: 119352

Re-import of exported equipment

Dear Experts, I am planning to import a capital equipment under EPCG scheme. One of the critical part of the equipment (eg.Motor) is not readily ... Read Full Issue

Asked by Manoharan arumugam

15 Oct 2024

1 Reply

1412 Views

Issue Id: 119335

Benefit on ROTDEP and Duty Drawback for Goods imported and Repacked

Is the company eligible to avail benefits under the RoDTEP and Duty Drawback schemes if the goods are imported, repacked, and subsequently exported ... Read Full Issue

Asked by Abhijeet mane

04 Oct 2024

1 Reply

4963 Views

Issue Id: 119317

Custom duty

Dear Professional brothers & Sisters My client has import the goods during the financial year 2018-19 from out of Indian Territory, after ... Read Full Issue

Asked by Jasbir uppal

21 Sep 2024

1 Reply

1716 Views

Issue Id: 119307

Requirement for setting up SEZ

"whether a taxpayer having multiple branches (in DTA as well) can set up a unit in SEZ (with same PAN instead of incorporating new co.) where ... Read Full Issue

Asked by Hna charteredaccountants

12 Sep 2024

1 Reply

900 Views

Issue Id: 119297

Shipping amendment under section 149 and subsequent claim of draw back and Rodtp

Dear Sir, we have one case of amendment of the shipping bill where the FOB value was wrongly mentioned at the time of export. Post clearance we ... Read Full Issue

Asked by Ganesh iyer

10 Sep 2024

1 Reply

2290 Views

Issue Id: 119275

Advance License-reg

Dear Sir / Madam Manufacturer with AEO holder shall apply the Advance Authorisation license under para 4.06 FTP 2023 by self-ratification basis ... Read Full Issue

Asked by Mathi bharathi

26 Aug 2024

1 Reply

716 Views

Issue Id: 119270

Import of goods during pendancy of Advance Rulling

Hi, I want to know if client wants to apply for Customs Advance Rulling for HSN Classification- then how he can import goods during the pendency of ... Read Full Issue

Asked by Abhijeet mane

24 Aug 2024

1 Reply

1227 Views

Issue Id: 119269

Capital goods sent for testing purpose after import under MOOWR

Hi, We have a MOOWR license for our warehouse (Section 65 Unit for Customs purpose). We are in the process of importing capital goods in one of ... Read Full Issue

Asked by Varsha lingayat

23 Aug 2024

1 Reply

1471 Views

Issue Id: 119256

Second hand capital goods under EPCG

Dear Sir / Madam Good morning Shall we import second hand machinery (used) under EPCG Scheme. If no please share the notification number to ... Read Full Issue

Asked by Mathi bharathi

14 Aug 2024

1 Reply

5026 Views

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1 to 20 of 117 Results

Showing 1 to 20 of 26 Results

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1 to 20 of 26 Results

MOVEMENT OF GOODS BETWEEN SEZ AND BONDED WAREHOUSE UNDER THE CUSTOMS AUTOMATED SYSTEM - A PRACTICAL GUIDE TO THE ICEGATE ADVISORY DATED 18 MARCH 2026

Electronic SEZ-warehouse movement requires matched Bills of Entry, bond debits, ledger credits, and receipt-based customs clearance.
Electronic movement between SEZ locations and Customs Bonded Warehouses requires matched physical movement and ledger debit-credit entries. SEZ-to-Warehouse movement uses a W-type Bill of Entry, linked Z-type Bill of Entry details, warehouse code, bond debit on assessment and Warehouse Ledger credit after out-of-charge. Warehouse-to-SEZ movement uses a Z-type Bill of Entry, linked W-type Bill of Entry details, Warehouse Ledger debit, SEZ Bond debit, an Ex-Bond Shipping Bill, let export order, SEZ receipt and goods registration before SEZ Ledger credit. No IGM particulars or duty payment apply under the stated procedure. (AI Summary)

Written by Raghunandhaanan rvi

02 Sep 2026

Navigating Customs Queries: A Comprehensive Guide for Importers and Customs Brokers

Customs query management requires formal bill of entry replies, properly linked evidence, and continuous status monitoring for timely assessment.
Customs query management requires a formal, point-wise reply to concerns raised on a bill of entry. e-Sanchit uploads alone do not constitute a response; supporting documents must be properly linked and accompanied by a formal query reply. Unanswered ICEGATE queries prevent assessment and may delay duty payment, with possible demurrage and detention consequences. Replies should address the query, facts, legal position, technical justification and documentary evidence, while importers and customs brokers should monitor the bill of entry status through assessment and examination stages. (AI Summary)

Written by Raghunandhaanan rvi

17 Aug 2026

Navigating Customs Clearance Without a Commercial Invoice: A Procedural Analysis

Customs valuation without a commercial invoice permits sequential alternative valuation and provisional clearance against bond and security.
Where a commercial invoice is unavailable, imported goods may be valued through the sequential alternative methods under the Customs Valuation Rules, including identical goods, similar goods, deductive value, computed value, and the fallback method. The importer should provide corroborative price evidence and seek provisional assessment under Section 18. Clearance on a provisional basis requires a bond and security for potential differential duty. The original invoice must be submitted for finalisation when received, with payment of any shortfall or refund of excess duty as applicable. (AI Summary)

Written by Raghunandhaanan rvi

21 Jul 2026

Understanding Prohibited Goods in Indian Customs Law: Legal Framework and Remedies

Prohibited goods under Indian customs law trigger confiscation, penalties, and strict compliance with import-export prohibitions.
Prohibited goods under Indian customs law are goods whose import or export is barred by the Customs Act, 1962 or by any other law in force, and the concept may arise under allied enactments governing foreign trade, narcotics, wildlife protection, intellectual property, and other regulatory prohibitions. The article distinguishes prohibited goods from restricted goods, noting that restricted goods may be traded only with the required licence, permit, or authorisation, while prohibited goods are ordinarily not permitted for trade and may attract confiscation, penalties, and prosecution. (AI Summary)

Written by Raghunandhaanan rvi

10 Jun 2026

INSTALLATION CERTIFICATE UNDER EPCG SCHEME - Legal Requirement, Practical Issues, and Consequences of Non-Submission

Installation Certificate compliance under EPCG Scheme determines duty-free machinery use, export obligation monitoring, and exposure to penalties.
Installation Certificate under the EPCG Scheme is a mandatory post-import compliance requirement used to verify that concessional or duty-free imported capital goods have been installed at the declared premises and put to use for export production or export services. The Handbook of Procedures requires submission of proof of installation, and the current position allows submission within three years from completion of imports, with extension available on application and payment of a composition fee. Failure to submit may constitute breach of EPCG conditions and may expose the authorisation holder to scrutiny, duty recovery, interest, penalty, and action under the Foreign Trade (Development and Regulation) Act, 1992. (AI Summary)

Written by Raghunandhaanan rvi

08 Jun 2026

Faceless Assessment in Indian Customs: Trade Challenges and the Need for Practical Reforms

Faceless Assessment in customs faces delays, repetitive queries, and inconsistent classification, prompting calls for practical reforms.
Faceless Assessment in customs is intended to reduce direct contact, improve transparency, ensure consistent classification and valuation, and speed up clearance through a technology-driven national assessment framework. The article notes practical problems in implementation, including lack of technical understanding of specialised goods, repetitive queries, repeated document demands, delays in clearance, and inconsistent classification by different assessment groups. It calls for standardised queries, stronger monitoring, defined timelines, escalation mechanisms, specialised training, and better tracking systems. (AI Summary)

Written by Raghunandhaanan rvi

01 Jun 2026

Navigating India's Customs Risk Management System for Imports

Risk-based customs clearance streamlines import processing, rewards compliance, and targets high-risk cargo for closer scrutiny.
India's Customs Risk Management System for imports uses a technology-driven, risk-based framework under the Customs Act, 1962 to streamline clearance and allocate examination resources according to shipment risk. Importers self-assess duties, and automated evaluation classifies shipments into facilitated clearance, documentary assessment, or high-risk examination based on compliance history, goods profile, declared value, and intelligence inputs. The system is intended to improve efficiency, reduce delay and storage costs, support authorised economic operators, and help customs focus on post-clearance audit and higher-risk cargo. (AI Summary)

Written by Raghunandhaanan rvi

30 May 2026

Post-Export Amendment Process for RoDTEP Shipping Bills

Post-export amendment of shipping bills under customs law preserves RoDTEP claims despite technical EDI errors and procedural barriers.
Post-export amendment of shipping bills remains available under section 149 of the Customs Act, 1962 where supporting documents are produced, and the power to amend continues even after export completion, EGM filing, or issuance of a Let Export Order. The discussion treats this amendment mechanism as applicable to both manual and electronic records, and states that procedural or system-based constraints do not by themselves extinguish the statutory ability to correct export documents. It also notes that genuine export claims should not be defeated by technical defects where eligibility exists and no fraud is involved. (AI Summary)

Written by Raghunandhaanan rvi

28 May 2026

Understanding Related Party Imports and Customs Rejection of Transaction Value

Related-party imports and transaction value scrutiny shape customs valuation, requiring proof that pricing was not influenced by affiliation.
Related-party imports attract heightened scrutiny in customs valuation because the declared transaction value may be challenged where the buyer and seller are connected. Under the customs valuation framework, imported goods are ordinarily assessed on the actual price paid or payable, but a related relationship does not by itself disqualify the declared value. Acceptance depends on whether the relationship influenced the price, and customs authorities must first have reasonable grounds to doubt the declaration before requiring further explanation or documents from the importer. (AI Summary)

Written by Raghunandhaanan rvi

26 May 2026

Valuation Errors, Limitations, and Penalties in Customs Law: The Ranbaxy / Sun Pharma Case - CESTAT - DELHI

Customs valuation error and suppression of facts require different proof before extended limitation and penalties can apply.
Customs valuation disputes may arise where import declarations reflect an incorrect freight or invoice base, resulting in a short levy under the valuation rules. The technical correctness of the assessable value must be distinguished from deliberate misstatement or suppression. Extended limitation under Section 28(4) requires proof of collusion, wilful misstatement, or suppression of facts, and penalties depend on the same elements. Where documents were filed before Customs and no intent to evade duty is shown, the exceptional extended period and consequential penalties are not justified. (AI Summary)

Written by Raghunandhaanan rvi

05 May 2026

Navigating Customs Query Memos: A Guide for Importers

Customs Query Memos demand timely, factual replies backed by documents, legal references, and careful follow-up to avoid delays.
Effective handling of Customs Query Memos requires importers to identify the precise issue raised by Customs, review core import documents, and prepare a clear, point-wise, factual, and professionally worded reply supported by relevant evidence. Where legal issues arise, the reply should refer to the appropriate customs law framework, including the Customs Act, Customs Tariff Act, relevant notifications, CBIC circulars, and applicable tribunal or court decisions. Timely response and follow-up through the customs system help reduce detention, demurrage, port charges, and delivery delays. (AI Summary)

Written by Raghunandhaanan rvi

05 May 2026

Provisional Assessment under Customs Law Legal Framework, Procedure and Practical Implications under the Customs Act, 1962

Provisional assessment under customs law balances trade facilitation with revenue protection through bonds, timelines, and final duty determination.
Provisional assessment under Section 18 of the Customs Act, 1962 permits clearance of imported or exported goods on a provisional basis where final duty liability cannot immediately be determined because documents or information are pending, verification is incomplete, or technical examination or testing is required. The importer or exporter must execute a provisional duty bond, comply with requisitions for documents within prescribed timelines, and pay any differential duty after final assessment. Finalisation must be completed within the statutory time limits, and a speaking order is required where the final assessment differs from the provisional assessment. (AI Summary)

Written by Raghunandhaanan rvi

25 Apr 2026

Reassessment of the Bill of Entry under the Customs Act, 1962 - A Practical Overview

Bill of Entry reassessment under customs law permits verification of self-assessment, revised duty demand, and appellate challenge.
Self-assessment of a Bill of Entry under the Customs Act, 1962 is subject to verification by customs officers, and the proper officer may reassess the entry where discrepancies are found in classification, valuation, exemption claims, description, quantity, or compliance with import policy conditions. Where reassessment results in additional duty, the revised duty must be paid before clearance of the goods. Importers disputing reassessment may seek a speaking order and challenge the matter through the appellate mechanism under the Customs Act. (AI Summary)

Written by Raghunandhaanan rvi

24 Apr 2026

Legal Consequences of Goods Misclassification under Indian Customs

Goods classification under Indian customs law drives duty, exemptions, and penalties when HS codes are misstated.
Accurate classification of goods under Indian customs law determines duty rates, exemption eligibility, and compliance with import and export controls. Misclassification under incorrect HS codes may arise from technical complexity, documentation errors, interpretational ambiguity, or deliberate misdeclaration, and the responsibility for correct classification lies primarily with importers and exporters under the self-assessment regime. Misclassification can trigger recovery of duty, confiscation of goods, and monetary penalties under the Customs Act framework. (AI Summary)

Written by Raghunandhaanan rvi

08 Apr 2026

Adjudication in Cusotms Law - A Simple Guide

Adjudication in customs law secures administrative decision making and a structured multi tier appeal pathway for affected parties.
Adjudication in customs law is the administrative procedure where designated customs officers issue a show cause notice, permit a response and personal hearing, and record an Order in Original determining classification, valuation, duties, refunds, and enforcement measures such as penalties and confiscation; appeals proceed through a structured multi tier regime providing initial review by the Commissioner of Customs (Appeals) and further appellate avenues for questions of law. (AI Summary)

Written by Raghunandhaanan rvi

23 Jul 2025

Understanding Deemed Exports: A Comprehensive Overview

Deemed exports: domestic supplies treated as exports enabling duty relief and refund claims under prescribed eligibility and procedural rules.
Deemed Exports treat specified domestic supplies as exports, permitting duty-free import of inputs under Advance Authorisations, refunds under the Deemed Export Drawback mechanism, and Terminal Excise Duty refunds for eligible excisable goods. Eligibility covers supplies to authorised export-oriented units, contractor supplies for internationally funded projects, and supplies under International Competitive Bidding for approved government projects. Claimants must submit ANF-7A with supporting certifications or tender documents and observe completion, payment realization and filing timelines; special procedures apply for certain fuel supplies. (AI Summary)

Written by Raghunandhaanan rvi

25 Oct 2024

Understanding the Classification of Parts and Accessories in Customs Tariff Schedules

Parts classification in customs tariffs determines whether a component falls under the principal item's heading, affecting duty treatment.
Classification of parts and accessories determines the HS heading and duty treatment: parts integral to an article are usually classified with the principal item, accessories are secondary, and section and chapter notes govern exceptions. Specific goods retain their heading even as parts, while general-use items must be classified under their own headings. The established principle that "a part of a part is part of the whole" means component elements are treated as constituents of the main product for classification purposes. (AI Summary)

Written by Raghunandhaanan rvi

19 Sep 2024

Understanding the Basics of a Customs Broker License

Customs broker licensing governs eligibility, examination, obligations and revocation procedures, ensuring regulatory compliance and accountability.
Section 146 and the Customs Brokers Licensing Regulations, 2018 create a framework requiring Indian citizenship, Aadhaar and PAN, financial and educational eligibility, and successful completion of NACIN administered written and oral examinations. Licenses (Form B1/B2) are issued after fee payment and satisfaction of bond, security and guarantee conditions; they are subject to notification requirements for changes in authorised personnel, are renewable, can be extended to other stations after intimation, and may be suspended, prohibited, revoked or penalised for non compliance following prescribed procedures. (AI Summary)

Written by Raghunandhaanan rvi

31 Jul 2024

Understanding Royalty Payments and Imported Goods: A Comprehensive Guide

Royalties and license fees affecting customs value must be included when they are a condition of sale for imported goods.
Royalties and license fees must be included in the transaction value when they are directly or indirectly connected to the imported goods and constitute a condition of sale; payments required by the seller or a related party, including payments to the manufacturer or group members that relate to the goods, are part of the purchase price and must be added for customs valuation, subject to narrowly applicable exclusions and factual analysis under the applicable valuation rules. (AI Summary)

Written by Raghunandhaanan rvi

13 Jun 2024

Understanding Concessional Rates of GST for Merchant Exporters

Concessional GST for merchant exporters requires strict procedural compliance and timely export to preserve refund and credit rights.
Merchant exporters may procure goods from registered suppliers at a concessional GST rate and either export under a bond or LUT without tax and claim refund of unutilised input tax credit, or export on payment of IGST and claim refund of tax paid. The concession is optional and conditional: both supplier and exporter must be registered, merchant exporters must register with an export council or recognised board, invoices and order copies must be provided to the supplier's tax officer, goods must move from the supplier's registered place or a registered warehouse to the export point, shipping bills must include the supplier's name and GSTIN, and post-export proof must be furnished to validate the concessional treatment and refund entitlement. (AI Summary)

Written by Raghunandhaanan rvi

21 May 2024

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Raghunandhaanan rvi

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