Selling goods purchased from overseas country
This query is : Resolved
17 December 2012
Dear Sir,
We are in Motorsports field and often purchase racing/car equipments online, mostly from USA, because of limited availability of racing equipment in india, we are planning to purchase these items and then re selling it to indian teams. What all permissions do we need to have for this?
We are in Motorsports field and often purchase racing/car equipments online, mostly from USA, because of limited availability of racing equipment in india, we are planning to purchase these items and then re selling it to indian teams. What all permissions do we need to have for this?
19 December 2012
YOU ARE SERVICE PROVIDE IN MY PERSONAL opinion YOU MUST GET REGISTERED IN SEPC AND GOT IEC CODE FOR DGFT INCENTIVE .
19 December 2012
Thanks for ur reply. can you plz elaborate your opinion.
20 December 2012
i means you are service provider and as per DGFT provision if you got IEC CODE and got registered in SERVICE EXPORT PROMOTION COUNCIL u avail incentive as per notified list by DGFT.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
