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?
RAMESH KUMAR VERMA
(Expert)
19 December 2012
YOU ARE SERVICE PROVIDE IN MY PERSONAL opinion YOU MUST GET REGISTERED IN SEPC AND GOT IEC CODE FOR DGFT INCENTIVE .
RAMESH KUMAR VERMA
(Expert)
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
