Duties & taxes on softawre

This query is : Resolved

Sandip Sanghai (Querist)
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26 September 2011 Dear Sir,
We have tied up with a chinese company to sell a software here in India. The software is available in their website download link. From there it can be download and after making payment they will provide a key to register the software to make it Legal.

We would like to know that.

01. What would be the complete duties and taxes has to be paid,
02. The duty or taxes will be calculated on which price, My buying price or my selling price.
03. How does the duty and taxes will e affected if I download the software, replicate the CD and sell it via different Computer Vendor to gain more market. In this case also duty and taxes will be calculated on what basis my purchase or my sells price ?
04. Is IEC necessary for importing of software for resell in India.
Regards
Sandip Sanghai
+91-9434209999
skype : sandip.sanghai

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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03 October 2011 about duty please provide RITC HC CODE NO.

IEC CODE is mandatory BY importer exporter who does not want to goods import exports for personal use / agriculture purpose as per para 2.8(iii) of HBP vol-1, 2009-2014.

Regards.

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