Excise and Custom Advisory
At Vincyte, We, by keeping constant focus on new tax laws and legislation, are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide with a specialized team of CAs and Tax professionals with taxation expertise and knowledge that they desire throughout the year. We are offering our services in Excise & Custom which includes:
Advising on whether manufacturing or production of goods leads to levy of Excise Duty.
Valuation of excisable goods, Classification of goods as per Excise rules.
Advisory service relating to various aspects of custom law and applicable regulations - covering rates of duties, exemptions, valuation planning, classification assistance and assessments.
Rendering advice on a wide range of custom procedures and documentation requirements, including those relating to import and export of goods, clearance of imports, warehousing, and duty entitlements.
Assistance on claims of Cenvat credit .
Assistance in getting Refunds of Excise duty.
Advice in cross border and international excise issues.
Assistance in getting excise registration, availing SSI exemption etc.
Assisting clients on the policies and procedures set down under the Export-Import Policy, such as licensing requirements.
Providing the right guidance to enable our clients to make the most of various benefits available to specific entities/projects or to units in specified areas, as well as concessions available under various export promotion schemes, like EOUs & SEZs.
Advise on Customs Tracking - Import & Export.
Anti-Dumping Duties - Rendering Advisory Services, Including Analysis of the Existing Anti-Dumping Proceedings.
Preparation and Filing of Complaints with the Directorate General of Anti-Dumping (DGAD). Compliance Procedures Relating To These Proceedings.
Simple, transparent and progressive
Reduction in the effective tax rate for many goods
Elimination of “tax on tax” existing
Greater reliance on self-assessment and voluntary compliance by dealers
Business friendly system of taxation
Simplification of tax forms and procedures