24 May 2016
I am a representative of an NGO with 35 AC, 80G and FCRA certification. We are willing to import some equipment from Australia for our development Project. What is the provision for Tax/ Duty or other formalities related to Charitable trust's Import and Exports.Is there any exemption on duty? if we will be sourcing it from abroad. We do not have any licence for Exports/ Imports. Can we have the licence? Thanks.
05 August 2016
First, obtain Importer- Exporter Code (IEC) Number online by visiting DGFT website www.dgft.gov.in. Second, consult General Exemption Notification (Customs) for concessional duty, if any, in respect of items likely to be imported by you. Third, look up ITC (HS), classification of Export and Import items to know import policy of items you intend to import.
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