My querry is w.r.t.IEC code...a person is engaged in the business of export of foodgrains..now he is willing to enter in the import line and wants to accept a consignment of import of scrap metal...the hs code falls under free import policy category..so how to proceed further?.the iec hs to be ammended or something?..or can he import using the current iec itself?please help...asap

Hi,

We have a Pvt. Ltd. company based in India and our business is SMS re-selling. We purchase Bulk SMS from vendors in UK, Australia, USA and re-sell them to our clients (in USA, UK, Europe etc).

We do not have any contract with most of the vendors (except with few where we have a re-seller contract).Do we need to deduct TDS in India while making payments to these vendors?

As I understand, SMS purchase would not fall under "commodities" or "services" (the invoice raised by vendors says - Invoice for xxxx SMS Units).

Please advise.

Thanks,
K Nijesh

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