Export policy

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Nandakumar T S (Querist)
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16 September 2013 Very Urgent

Notification - RBI/2013-14/254 A.P. (DIR Series) Circular No.43
Export of Goods and Services - Simplification and Revision of Declaration Form for Exports of Goods/Softwares

In connection with aforesaid notification please advice if Rule is applicable on services provided overseas.

We offer end to end Pharma Solutions both on Indian & International Domain.

Regards
Nandakumar

Nandakumar T S

Nandakumar T S (Querist)
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18 July 2015 Attention Forum:

I am yet to receive a favorable response to this query which may include for the latest notification if any to this effect.

Regards
Nandakumar

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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24 July 2024 The notification ____ A.P. (DIR Series) Circular No.43 primarily pertains to the simplification and revision of declaration forms for exports of goods and software. It is specifically related to the procedural aspects of export declarations and does not directly apply to services provided overseas.

Here’s a breakdown of its relevance and implications for services provided overseas:

1. **Applicability to Goods and Software**: The notification primarily addresses the documentation and procedural requirements for exports of goods and software. It aims to streamline the declaration forms and processes associated with physical exports and exports of software.

2. **Services Export**: In the context of services, such as the end-to-end Pharma Solutions your firm provides, different regulations and guidelines apply. Services exports typically involve compliance with service tax or GST regulations in India, depending on the nature of services and the recipient country’s regulations.

3. **Regulatory Framework for Services**: For services provided overseas:
- **GST or Service Tax**: Depending on the nature of services and the location of service delivery, GST or service tax may apply. If services are provided to a foreign entity (outside India), and the place of supply is also outside India (under GST rules), they may be considered as export of services and eligible for zero-rated GST.
- **Documentation**: While the RBI notification focuses on goods and software, services exports generally require compliance with documentation related to service contracts, invoices, and any specific regulatory requirements of the destination country.

4. **Export Policy and Guidelines**: It’s essential to refer to the specific export policy guidelines applicable to services provided by your firm. These guidelines would outline any reporting requirements, documentation standards, and regulatory compliance necessary for services exports.

**Conclusion**:
The RBI notification ___ A.P. (DIR Series) Circular No.43 primarily pertains to simplification of export declaration forms for goods and software. For services exports, including end-to-end Pharma Solutions provided internationally, adherence to GST or service tax regulations (depending on the circumstances) and other relevant export policies and guidelines is crucial. Ensure compliance with local regulations and seek professional advice to navigate any specific requirements related to your services export transactions.

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