Import & export
This query is : Resolved
Ninad Pandit
(Querist)
24 August 2013
A company in india is selling goods to a company in usa and it is purchasing the goods from a chinese company. but the chinese company is shipping the goods directly to the us company instead of sending the goods to india. my ques is : 1. what are the implications to the indian company?
2. what are the taxes applicable to the indian company?
2. what are the taxes applicable to the indian company?
RAMESH KUMAR VERMA
(Expert)
24 August 2013
PANDIT JI,
AS PER CURRENT FOREIGN TRADE POLICY YOU CAN AVAIL THE CHAPTER-3 BENEFIT 7% OF EXPORTED GOODS (AS A LICENCE AND ALSO SELL THIS TO THIRD PARTY I MEAN IMPORTER WHO NEED IMPORT .
IF YOU PURCHASE I MEAN IMPORT THE GOODS THEN CAN AVAIL ALSO S.A.D. REFUND FROM THE CUSTOM AS PER CBEC NOTIFICATION NO. 102/2007 DTD 14.09.2007.
ANY QUERY ,
REGARDS,
AS PER CURRENT FOREIGN TRADE POLICY YOU CAN AVAIL THE CHAPTER-3 BENEFIT 7% OF EXPORTED GOODS (AS A LICENCE AND ALSO SELL THIS TO THIRD PARTY I MEAN IMPORTER WHO NEED IMPORT .
IF YOU PURCHASE I MEAN IMPORT THE GOODS THEN CAN AVAIL ALSO S.A.D. REFUND FROM THE CUSTOM AS PER CBEC NOTIFICATION NO. 102/2007 DTD 14.09.2007.
ANY QUERY ,
REGARDS,
Message likes :
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CA PARTH SHAH
(Expert)
12 August 2020
Indian company will book normal purchase & sale transaction in its book.
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