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(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?
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RAMESH KUMAR VERMA

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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,
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CA PARTH SHAH

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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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