We are exporting Machinery equipments under CIF / CFR delivery terms and making a very good profit margin under the heads Freight and Insurance vis a vis respective amount actually declared in Shipping Bill. This profit margin is in addition to our normal business profit wrt cargo parcel invoicing.
Does it anyway violate Customs, FEMA, Income Tax Rules?
Kindly guide.
Thanks & Regards,
Jayanta Bandyopadhyay
West Bengal
28.01.2023
