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Doing Business with India

Income Tax

In India, all individuals who earn more than a specified amount of annual income through salary, business or voluntary contribution, are liable to pay Income Tax. Income Tax is a Direct Tax, which is collected by the government directly from the tax payer, and constitutes 30 per cent of the government’s revenue. The apex body […]

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Value Added Tax & Sales Tax (VAT)

VALUE ADDED TAX (VAT) VAT is the indirect tax on the consumption of the goods, paid by its original producers upon the change in goods or upon the transfer of the goods to its ultimate consumers. It is based on the value of the goods, added by the transferor. It is the tax in relation […]

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Customs related Information

Indian Customs are assigned a number of tasks more important of which are : i collection of customs duties on imports and exports as per basic Customs laws (Customs Act, 1962 and Customs Tariff Act, 1975); ii enforcement of the various provisions of the Customs Act governing imports and exports of cargo, baggage, postal articles […]

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Trade Directories

S.No Name Source 1 Exporters Yellow Pagesand CD Rom Infocom Network Ltd., New Delhi Tel: 91-11-26152172, Fax: 91-11-26149446 Email: Website: 2. Tata Press Yellow Pages Tata Infomedia Ltd., Mumbai Email: Website: 3. Confederation of Indian Industry(Hard copy & CD Rom) CII, New Delhi Email: Website: 4. Manufacturer’s Association (MAIT) […]

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Service Tax

Service Tax is a form of indirect tax imposed on specified services called “taxable services”. Service tax cannot be levied on any service which is not included in the list of taxable services. Over the past few years, service tax been expanded to cover new services. The intention of the government is to gradually increase […]

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Specific Trade Resources

India Trade Promotion Organisation India Trade Promotion Organisation (ITPO) is the nodal agency of the Government of India for promoting the country’s external trade. ITPO, during its existence of nearly three decades, in the form of Trade Fair Authority of India and Trade Development Authority, has played a proactive role in catalysing trade, investment and […]

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Defence Trade

Defence Production The Department of Defence Production was set up in the Ministry of Defence in 1962 to create a self-reliant and self-sufficient, indigenous defence production base. Since 1962, 16 new Ordnance Factories have been set up. Their capacities have been augmented and modernised selectively keeping in mind the emerging requirements of the Armed Forces. […]

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Special Economic Zones (SEZs)

A policy was introduced on 1.4.2000 for setting up of Special Economic Zones in the country with a view to provide an internationally competitive and hassle free environment for exports. Units may be set up in SEZ for manufacture of goods and rendering of services. All the import/export operations of the SEZ units will be […]

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Trade Policy

India’s integrated Foreign Trade Policy for the period 2004-09 was announced in 2004. The objectives of the Foreign Trade Policy were (a) to double our percentage of global merchandise trade within 5 years, and (b) to use trade expansion as an effective instrument of economic growth and employment generation. Annual Supplements to the Foreign Trade […]

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Entry strategy for Investors

STARTING OPERATIONS IN INDIA A foreign company planning to set up business operations in India has the following options . As an Indian Company A foreign company can commence operations in India by incorporating a company under the Companies Act,1956 through Joint Ventures; or Wholly Owned Subsidiaries Foreign equity in such Indian companies can be […]

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