Our collection of resources based on what we have learned on the ground
Resources
Q&A
How could the status of suppliers be known to foreign investors in India?
- November 2013
- Free Access
India holds an exceptional public record system. It is thus very easy to find relevant information of your suppliers therefrom. Here is a list that would help inspire: Company and personnel information (including share capital and tax issues); Co...
Q&A
How is the regulatory environment in India for trading?
- November 2013
- Members Access
For trade, the Export/Import Policy of India is annually amended on 31st March. Also, the duties levied on goods imported or exported could range from 5-40%.
Q&A
What documents are required for a company to start trading in India?
- November 2013
- Free Access
The trading company should prepare the following documents, prior to trading: Import/ export license; Customs declaration form; Invoice; Certificate of origin; and All other relevant documents.
Q&A
How many classifications do Export/Import Policies in India have on goods traded...
- November 2013
- Free Access
There are 3 classifications: Restricted goods: Only ex-/importable if the relevant licence is obtained from the relevant regional licensing authorities. Canalised goods: Only ex-/importable if specific procedures or transportation means. Prohibi...
Q&A
What goods would require license in India?
- November 2013
- Free Access
The goods that require licensing under Indian law can be found in Indian Trading Classification, wich is based on a Harmonised Code (ITC(HS)). There are two "Schedules": Schedule I deals with import policies, which is subsectioned into 21 sections, w...
Q&A
What types of duties are there in India?
- November 2013
- Free Access
There are many duties levied by the Central Government. A list of the following includes the most important ones: Basic Duty; Additional Customs Duty; Additional Duty (VAT); Anti-dumping Duty; Countervailing Duty on subsidized articles; Safeg...
Q&A
Which documents are required to sell to India?
- November 2013
- Free Access
According to s. 90(4) Income Tax Act, Indian buyer has the right to request the seller to show a Tax Residency Certificate. Tax Residency Certificate is issued by national tax bureaus of the country of origin of the company or individual. However, th...
Q&A
How to register a trading company in India?
- November 2013
- Free Access
To register a company in India, the following steps are involved: Proposed directors must apply to the Ministry of Corporate Affairs of India to obtain the Director Identification Number. After obtaining so, the directors can apply to the Registr...
Q&A
What documents are necessary for Importer/ Exporter Code number application in I...
- November 2013
- Free Access
You will need to fill in the “Aayaat Niryaat Form” (ANF2A) and accompanying this form, you will need: 2 Passport-sized photographs of the legally responsible persons; Permanent Account Number; Current bank account number; Banker&rsq...
Q&A
What is Permanent Account Number in India?
- November 2013
- Free Access
Permanent Account Number is necessary for many financial transactions in India. It can be obtained by submitting an application to whom accompanied by the applicant’s proof of residence and identity.
Q&A
Where would it be an efficient location to set up an Indian company?
- November 2013
- Free Access
There are Special Economic Zones in India that foreign investors can take advantage of. There are, principally, 4 kinds of Special Economic Zones: Special Economic Zones for Multiple Sectors; Special Economic Zones for Specific Secto...
Q&A
What are the advantages of setting up a business in Special Economic Zones in In...
- November 2013
- Free Access
There are many incentives for foreign investors to begin their trading business in Special Economic Zones. These incentives include non-exhaustively: Duty free importation of required machinery, production lines and related equipment; Duty free i...
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