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?
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.
CAclubindia
