Business with a person in ghana
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 January 2013
Hi
Can u help me in the following problem:
A person resident in India wants to business with a person in Ghana (like readymade shirts, t-shirts etc. by courier to that person and the payment was done by that person through bank transfer.), What are the tax implications and other Acts requirement to be fulfilled in India.
Can u help me in the following problem:
A person resident in India wants to business with a person in Ghana (like readymade shirts, t-shirts etc. by courier to that person and the payment was done by that person through bank transfer.), What are the tax implications and other Acts requirement to be fulfilled in India.
RAMESH KUMAR VERMA
(Expert)
12 January 2013
please noted that :-
as per para 2.8(iii), foreign trade policy 2009-2014 an exporter / importer who wanted to import / export are exempt from IEC code if they are import / export for personal use / agriculture purpose the goods.
if they does not fall in this category will be Require IEC CODE.
Kindly Noted that on the export an exporter can avail INCENTIVE NOTIFIED BY DGFT@ VARIOUS RATES.
as per para 2.8(iii), foreign trade policy 2009-2014 an exporter / importer who wanted to import / export are exempt from IEC code if they are import / export for personal use / agriculture purpose the goods.
if they does not fall in this category will be Require IEC CODE.
Kindly Noted that on the export an exporter can avail INCENTIVE NOTIFIED BY DGFT@ VARIOUS RATES.
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