Hi
I would like to know if customs is applied to software that is received via Internet (Downloaded from a website or email) from abroad and payment is made via wire transfer.
If not customs which tax is applicable
Please advise
Rahul (Software Reseller) (36 Points)
08 March 2011Hi
I would like to know if customs is applied to software that is received via Internet (Downloaded from a website or email) from abroad and payment is made via wire transfer.
If not customs which tax is applicable
Please advise
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 08 March 2011
IN PRESENT , THIS FACILITY IS PROVIDING BY THE STPI UNIT.
Devang Kanakia
(director)
(21 Points)
Replied 09 March 2011
We are a mumbai based company wanting to import the software throught internet and have to send the payment by wire transfer from bank. Our questions:-
1. Is there any custom duty payable. If yes than how much.
2. What is the procedure to make the payment through bank.
3. We are a small scale company, to go through STPI will cost us lot of money, can we do it from our own office??
4. We are going to import educational software for kids.
If anybody out there can provide me information, it will be most helpful to us.
Thanking you,
Devang
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 09 March 2011
Where imports are made in non-physical form, i.e., software or data through internet / datacom channels and drawings and designs through e-mail/fax, a certificate from a Chartered Accountant that the software / data / drawing/ design has been received by the importer, may be obtained.
AD bank should advise importers to keep Customs Authorities informed of the imports made by them under this clause.
for more info:- read the master circular no. 8/2007-dtd 08 july, 2007
link is :-
https://www.rbi.org.in/commonman/English/scriptts/notification.aspx?id=301
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