Hi
Can anybody advice me if a 100% EOU registered under STPI scheme can undertake trade? ie Can the firm import readymade software from aborad and sell the same in DTA?
Thanks
Sreejith
Sreejith S (Manager-Finance) (95 Points)
04 August 2011Hi
Can anybody advice me if a 100% EOU registered under STPI scheme can undertake trade? ie Can the firm import readymade software from aborad and sell the same in DTA?
Thanks
Sreejith
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 04 August 2011
yes can do procure without custom duty but conditions of import is available for them for more information read the para 6.6 (a) to (e) of foreign trade policy-2009-2014.
and par para 6.9.1 of the policy, they will be positive net foreign exchange earner.
Sreejith S
(Manager-Finance)
(95 Points)
Replied 04 August 2011
| Originally posted by : RAMESH KUMAR VERMA | ||
 |
yes can do procure without custom duty but conditions of import is available for them for more information read the para 6.6 (a) to (e) of foreign trade policy-2009-2014. and par para 6.9.1 of the policy, they will be positive net foreign exchange earner. |
 |
Dear Ramesh, Thanks for the reply. But our problem is we are importing for re selling the same in the domestic market. I wonder whether it is legal or not? could you pls clarify this
Thanks
Sreejith
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
