Delhi, India
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Our Services
State Taxes to be subsumed
We are a multi-lingual company specializing in international business development, assisting companies to expand or create new export and import opportunities. We provide sales and marketing expertise to emerging global companies in their quest to bring quality products and services to the market. As an export-import consulting organization, we supports small and medium sized companies when starting up or intensifying their exporting activities. We offer business solutions to the importer, exporter and investigating firm needing to secure their products or establish a foothold in global market place. For years we have been helping small businesses make the most of worldwide trade.
We also work closely with companies that provide Logistic Services, Cargo Services, Custom Clearing Services, Import Services, Export Services, Indenting Agents, Merchandising Services, Outsourcing Services, Warehousing Services, International Freight Forwarding Services, Customs Clearance Services, Export & Import Services, Door to Door Services, Transportation Services, Packaging Services, Courier Services, Warehousing Services, Logistics Consultant, Supply Chain Management, Break Bulk Cargoes, ODC Cargo, Vessel Chartering and Project Cargoes.
An advantageous scheme for procurement of Capital Goods
The EPCG scheme allows import of capital goods (including CKD/SKD thereof as well as computer software systems and spares, jigs, fixtures, dies and moulds) at 3% Customs duty as against the normal total of 25.852%, thus providing a duty saved value of more than 22% of the import value. This is subject to an Export Obligation (EO) equivalent to 6/8/12 times of duty saved, to be fulfilled over a period of 8/12 years reckoned from the date of issuance of license. For large projects, SSI etc. there are more relaxed norms of EO.
The scheme covers manufacturer exporters with or without supporting manufacturer(s) / vendor(s), merchant exporters tied to supporting manufacturer(s) and Service Providers.
Actual user conditions : Import of capital goods are subject to Actual User condition till the export obligation is completed.
Export obligation : The export obligation needs to be fulfilled by the export of goods capable of being manufactured or produced by the use of the capital goods imported under the scheme. In addition upto 50% of the EO can also be fulfilled by any alternate product of the company or even group company. Deemed Exports like supplies to Power Projects, Projects funded by WB/ADB/JBIC etc, EOUs etc. can also be utilized to fulfill the EO.
Indigenous Sourcing : A person holding an EPCG license may source the capital goods from a domestic manufacturer instead of importing them. The domestic manufacturer supplying capital goods to EPCG license holders shall be eligible for refund of Excise Duty paid by him. In addition the indigenous supplier can import his own raw material duty free and other benefits which can be discussed.
For Manufacturers :
For Projects :
EPCG can be taken for the full projects where exports of goods or services can be envisaged by the use of the project or alternative products. This can be taken for Captive Power units also. EPCG can be taken along with Project Import scheme in case of new Projects.
For Service Provider :
Various service providers/exporters can take EPCG route to reduce their Capital Cost. Service Providers like Hotels, Hospitals, Tour Operators, Taxi Operators, Construction Companies, Logistics companies can utilize the scheme to import/procure from domestic market, their capital goods at a substantially reduced costs. The EO can be fulfilled by Forex Earnings through providing services, like that of Foreign Guests staying in the hotel, medical tourism etc.
For Others :
Certain other sectors like Retail Sector in the country, Port Projects etc. can also utilize EPCG scheme to their advantage.
What we do :
Central Taxes to be subsumed
Import Export Code (IEC) is10 Digit Code and compulsorily required for Import or Exports. Import Export Code (IEC) is a registration is mandatory for those who are involved in import and export business. To get IE Code you need to fill import and export code application form and attach required documents with it. After attaching the required documents you need to submit your application to Directorate General of Foreign Trade (DGFT). The Directorate General of Foreign Trade (DGFT) department will verify your documents and application After all the process once the application is filed in DGFT department, they will issue IEC Code in 1 business days.
Objective of Service Exports from India Scheme (SEIS) is to encourage export of notified Services from India Service Providers of notified services, located in India, and shall be rewarded under SEIS, subject to conditions as may be notified.
The Centre would levy and collect the Integrated Goods and Services Tax (IGST) on all inter-State supply of goods and services. The IGST mechanism has been designed to ensure seamless flow of input tax credit from one State to another. The inter-State seller would pay IGST on the sale of his goods to the Central Government after adjusting credit of IGST, CGST and SGST on his purchases (in that order). The exporting State will transfer to the Centre the credit of SGST used in payment of IGST. The importing dealer will claim credit of IGST while discharging his output tax liability (both CGST and SGST) in his own State. The Centre will transfer to the importing State the credit of IGST used in payment of SGST.
Destination-Based Consumption Tax : GST will be a destination-based tax. This implies that all SGST collected will ordinarily accrue to the State where the consumer of the goods or services sold resides.
Exports of notified goods/products with ITC[HS] code, to notified markets as listed in Appendix 3B least being 2% of F.O.B., shall be rewarded under MEIS. Appendix 3B also lists the rate(s) of rewards on various notified products [ITC (HS) code wise].
