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TMI BlogELIGIBILITY of DBKX X X X Extracts X X X X X X X X Extracts X X X X ..... What is the maximum amount which can be charged on invoice to avail DBK. I have seen that Indian customs do not provide drawback if the product is overpriced but what is the rate of overprice 55% 150% 155% or other ?? Please enlighten. - Reply By surya narayana - The Reply = Dear Friend, There is no such restriction on the export value if the transaction is genuine. However, if the Department ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is in doubt about the transaction or the integrity of the exporter, they can ask for additional data including justification on the invoice value as part of their investigation. If they are able to prove that the the exporter is over invoiced the price for claiming undue DBK, then they may restrict the DBK amount based on comparison of values of contemporary exports during the relevant time. Bes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t Regards S Suryanarayana - Reply By v SRINIVASAN - The Reply = Dear Sir, Once customs authority has verified and assessed on clearing the documents on after verification of all documents at the valuation prices and others comparably and past records. The excess valuation can not be found out latter on based on other sources. Hence assessment should not be recalled once again based on the d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ocuments. Please note the point has to be looked into before taking for revaluation since it will affect the business of the company. Thanks V.SRINIVASAN - Reply By Kishan Barai - The Reply = Thanks a lot Suryanarayana Sir. - Reply By CS SANJAY MALHOTRA - The Reply = Dear Mr. Kishan, Refer to the Custom Valuation Rules ( Rule 4 , 5 6 ). Besides this just FYI, Central Excise Law ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... provides that the Assessable Value arrive at under Section 4 of Central Excise Act for Exports should not have substantial / significant variation in comparison to the Domestic price of Goods. (Variance may be account of Freight, Commission within permissible range, etc) but not significantly in profit margin...or else the party has to establish the evidence of charging higher price to claim D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uty Rebate. - Reply By Kishan Barai - The Reply = Thanks a lot CS SANJAY MALHOTRA Sir - Reply By surya narayana - The Reply = Dear Friend, If I am right, there is on specific column in the Bill of Entry to mention the Present Market Value which represents the nearest market value . Also the Department can proceed with the provisional assessment in case of doubt about valuation and fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nal assessment would be done after submitting the relevant information to the satisfaction of the Department and only after the Department is satisfied then only DBK amount would be released. Hope it is clear Best Regards Suryanarayana - Reply By Kishan Barai - The Reply = Yes Sir. Thank You - ELIGIBILITY of DBK - Query Started By: - Kishan Barai Dated:- 30-4-2016 Customs - Import - Export ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Customs - SEZ - Got 7 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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