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Import of Raw Trading material with job work

Customs - Started By: - sagar arbole - Dated:- 25-5-2016 Last Replied Date:- 2-6-2016 - Hi Sir/Madam,we would like to Import of some trading material after customized pre fabricated job work with the same vendor.and he would like to invoice separately for material cost & job work cost.in this case, What will be our custom duty? Custom duty on only on material and Service tax on job work?orCustom duty on both the invoices ? Thank You. - Reply By raghunandhaanan r vi - The Reply = Gentleman, Y .....

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ed period that may allow by customs. Futher, the FOB value of export should be more than 10% of CIF value of imported goods. Job work should be undertaken in accordance with the procedure set out in Custms( Import of Goods at Concessional rate of duty for Manufacture of excisable goods) Rules 2016. - Reply By Kishan Barai - The Reply = Respected Sir, How practically it is possible ?If goods are supplied free of cost, then how FOB would be 10% more then CIF value ? In this case CIF value of impor .....

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bove mail.tnx - Reply By Kishan Barai - The Reply = Thanks a lot sir,But suppose I import a goods of rupees 5,00,000 INR CIF value for job work, I do not have to pay import duty & cost. From above example following question arise in my mind.Q. Goods is bought free of cost so which Bill of Entry would be filed ?? B/E for Home Consumption or B/E for Warehouse / Exbond ?Q. As per norms there should be rise in 10% of invoice value in FOB so what would be the value 5,50,000 ?? or Other ?? Hear go .....

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o what would be the value 5,50,000 ?? or Other ?? Hear goods are received free of cost, so how we can arrive at that value ??The rule is that FOB value of the resultant product to be exported is at least 10% more of the CIF value of all goods imported to make the resultant products. That means you have to achieve minimum 10% value addition. Hence the FOB value you have mentioned by you in your query is 10% more of CIF value of imports and satisfied the condition of notification. Working formula .....

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