The Hon'ble Supreme Court in Union of India & Anr. v. M/s Mohit Minerals Pvt. Ltd.[Civil Appeal No. 1390 of 2022 dated May 19, 2022] upheld the judgement given by the Hon'ble Gujarat High Court to hold that no IGST is payable on ocean freight under Rever
To import dutiable shipments into the U.S., typically a waybill and commercial invoice is required. DHL Express Waybill – required for all shipments A waybill accompanies every shipment and includes all the information DHL needs to know to keep your package moving. The waybill contains all the ...
To calculate the applicable GST for your product, multiply the GST rate (8%) by the CIF value. It's important to note that the CIF value is the total sum of the goods' value, insurance, and freight costs. The formula is: Duties payable = 8% x CIF value For example, you want ...
Ocean Freight : USD 10 /WM ( Qingdao to Chennai) Destination Charges: Logistic Company DO Charges : INR.6000/HBL EDI Charges : INR.1500/Shipment S/line DO Charges : INR.2500/HBL LCL Charges : INR.550/WM Custom Clearance Charges : INR.5500/Invoice Service Charges : INR.1500/Shipmen...
GST Tax returns filing – Who, How and When? Step by step procedures to create username and password in GST common portal How is time of supply accounted under GST Tax Calculation Valuation of GST under special cases Valuation of GST Taxable supply ...
The best way to achieve scale is to go international and we provide “end to end” services such as international entity set up (taxation, VAT, payroll etc.) customs clearance, transfer pricing, international 3PL warehousing, freight forwarding (ocean/air/truck/parcel freight), & overall global...
Capital goods and spares thereof, raw materials, parts, material handling equipment and consumables, for repairs of ocean-going vessels by a ship repair unit registered with the Director General of Shipping, Government of India Nil Nil 79 460. 89 or any Chapter Spare parts and consumabl...
That said, it’s essential for importers to understand how to calculate freight costs, manage risks and understand import duties and other taxes. Understand shipping terminology, costs, and processes Book ocean freight and air freight Calculate import taxes, VAT/GST and other fees Table of ...
3.If the export is under the “export promotion plan”, the license number, pre-license number and DEPB number must be registered with the customs. (4) document requirements for declaration of export customs declaration 1.Export manifest (by sea or air) or export manifest (by land) in qua...
Terms used in freight forwarding such Notification of arrival,Ocean B/L,Ocean freight,On Deck Cargo,Oncarriage,open policy Terms used in freight forwarding such as Multimodal Transport,Network Planning,Network Optimization,Neutral Body,Nonconformity ...