Business with a person in ghana

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2013 Hi

Can u help me in the following problem:
A person resident in India wants to business with a person in Ghana (like readymade shirts, t-shirts etc. by courier to that person and the payment was done by that person through bank transfer.), What are the tax implications and other Acts requirement to be fulfilled in India.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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12 January 2013 please noted that :-

as per para 2.8(iii), foreign trade policy 2009-2014 an exporter / importer who wanted to import / export are exempt from IEC code if they are import / export for personal use / agriculture purpose the goods.

if they does not fall in this category will be Require IEC CODE.

Kindly Noted that on the export an exporter can avail INCENTIVE NOTIFIED BY DGFT@ VARIOUS RATES.