Blogs

How to export and import to india

10 May, 2023

India's export-import business has seen significant growth, ranking 18th globally. With a turnover of $40 million in exports and $335 billion in imports, the country presents vast opportunities. The legal procedure for starting an export-import business involves market research, fulfilling criteria, and having the necessary documents. Registering the business, establishing a trading team, and obtaining licenses are crucial steps for success.

Make in India Scheme a success?

10 May, 2023

The "Make in India" scheme, although facing criticism, should not be considered a failure. It takes time for a country to become a manufacturing powerhouse like Taiwan, Korea, Japan, or China. Restricting imports and promoting local manufacturing can lead to growth and savings. India's potential in quality manufacturing is evident with successful examples and emerging tech startups. Patience and optimism are key for long-term success.

Startup Consultants in Kochi Ernakulam Kerala

10 May, 2023

The Indian Government has launched startup schemes to promote trade and entrepreneurship, aiming to bring employment and job opportunities. The Startup India Scheme focuses on empowering young individuals with innovative ideas, providing them with support, guidance, and financial assistance. These schemes offer advantages such as easy business operations, tax rebates, and skill development training, creating a favorable environment for startups to thrive in India.

GST & Auditors in Kochi, Ernakulam, Kerala

10 May, 2023

The blog post discusses the importance of GST (Goods and Service Tax) in India's tax system. It highlights the advantages of GST, such as larger tax base, elimination of cascading effects, simplified procedures, and increased efficiency. The post also mentions the impacts of GST on entrepreneurs and provides information on GST audit procedures and its application to exports.

GST RETURN AND REGISTRATION CONSULTANTS IN KOCHI, ERNAKULAM, KERALA

10 May, 2023

We are a team of experienced GST consultants and chartered accountants in Ernakulam, Kerala, providing comprehensive assistance for GST registration, return filing, tax consultancy, and financial auditing. Our top-performing firm focuses on simplifying legal matters, ensuring compliance with the double GST model, and delivering efficient solutions to meet deadlines. Trust us for expert guidance and professional services in the realm of taxation and financial management.

Frequent Mistakes Individuals Commit Under GST

10 May, 2023

Learn about common faults in GST taxation, including computational and conceptual mistakes. Understand taxability and grouping errors, time and place miscalculations, estimation mistakes, and issues with tax payment and input tax credit. Get expert assistance from chartered accountants to avoid these errors and ensure a smooth financial process.

GST AUDIT AND FTP BENEFITS FOR EXPORTERS

10 May, 2023

Delays in exporter benefits and denials of refunds disrupt the working capital and increase the cost of exports. Issues like duty drawback and GST refund, quantum of usage, and restrictions on export with IGST payment pose challenges. Optimizing credits, examining customs duty exemption versus drawback benefits, and wisely choosing between advance authorization and duty drawback can benefit the export community.

Authorized representative in Kerala

10 May, 2023

Opening a representative office in India is a strategic move for foreign companies. It requires complying with legal provisions, obtaining RBI approval, and submitting necessary documents. The representative branch can engage in various activities such as research, trading, consultancy, banking, and more. Proper registration, financial records, and compliance with regulations are essential for a successful venture.

Register a Foreign Subsidiary Company in Kerala, India

10 May, 2023

Foreign companies considering entry into India can explore various options such as market assessment, competition analysis, and choosing the right entry strategy. India offers advantages like a skilled workforce, government stability, and a comprehensive legal system. Whether through a liaison office, branch office, or limited liability company, understanding the regulatory environment is crucial for successful market entry.

PROCEDURES FOR IMPORT AND EXPORT LICENSING IN INDIA

10 May, 2023

When engaging in import-export activities, one of the most crucial aspects is obtaining the Import Export Code from the Directorate General of Foreign Trade. The Import Policy classifies goods as prohibited, canalized, or restricted, each with specific requirements and regulations. Understanding import documents, export policies, and shipping terms like FOB, CFR, and CIF is essential for a smooth and successful trading process.

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