How To Handle Import And Export Formalities?

 

Import and export business is very interesting and profitable but there is also a high level of risk attached to it and people tend to need a professional who can guide them in managing and understanding the concepts of DGFT. Therefore, Sohamma International Private DGFT Consultant In Pune who has years of Limited here has the best  experience in this domain and who guides the people in every step of the procedure that too at reasonable prices.

Functions and responsibilities of DGFT:

• It is entrusted with the responsibility of implementing various policies regarding trade for example, Foreign Trade Policy.
• It is the licensing agency for exporters, importers, and export and import business.
• It can prohibit, restrict, and regulate exports and imports.
• DGFT has an important role to issue Notifications, Public Notices, Circulars, etc.
• It grants 10 digit IEC (Importer Exporter Code), which is actually a primary requirement to Import Export
• It sets different schemes from time to time regarding trade benefits throughout the country.
• It has introduced ITC (HS CODE) schedule-1 for import items in India and Schedule-2 for Export items from India.

Best consultants!

Our team of highly experienced consultants has years of experience in solving the issues and guiding the people about the whole process and has never failed to do so. They understand the query and issues of the people from the depth and then offers their suitable suggestions and solutions.

Best networking!

We have been offering our services to over 200 small, medium, and large-scale organizations which is a huge deal. We only believe in offering the best services and that is how we have set our benchmark in this domain. 

Establishment!

This company is an ISO 9001-2015 certified company & registered under the MSMED Act 2006 which clearly shows that we only do fair business and offer these services at affordable prices. 

We aim to offer the best services which surely solve all the issues and concerns of the people and they can do the business smoothly and without any chaos. We are always there at every step of the deal to give our guidance. 

Original Source Content-

https://blog.storymirror.com/read/5tdlestd/how-to-handle-import-and-export-formalities

 

 

 

 

 

What Are The Features Of EOU Conultant In Mumbai

The EOU program was first adopted in early 1981, and it is illustrated in the Ministry of Commerce's Export and Import (EXIM) Strategy. The Export Oriented Units (EOU) Scheme is also at the forefront of the country's export strategy today. Manufacturers exporters must be considered as a separate class in these schemes, with the government providing all necessary facilities and policy support.

 

This is a multi-faceted system that relies on promises from a variety of other bodies, including the federal and state governments. The kit of schemes made available to the exporting population to help them work better.

Units can be developed anywhere in the world under the EOU Consultant In Mumbai. Units have received such price concessions to allow them to satisfy the rigors of international demand. performance precession, for example Export Focused Units have been a significant player in the country's export campaign over the last decade.

Feature of EOU

• Importing does not necessitate a warrant.
• Exemption from CED in the purchase of capital goods, raw materials, consumables, spare parts, and other products from the domestic economy.
• Export of capital goods, raw materials, consumables, spare parts, and other products is exempt from customs duties.
• Local Sales Tax (CST) on domestic transactions is refunded.
• DTA supplies to EOUs are regarded as considered exports.
• Duty charged on furnace oil purchased from domestic oil firms is reimbursed to EOUs at the rate of drawback set by the Directorate General of Foreign Trade.
• Foreign Direct Investment (FDI) is allowed in its entirety.
• Account for foreign currency earners (EEFC)
• The ability to keep 70% of foreign exchange earnings in an EEFC account.

 

Sohamma is a specialist in working with the most challenging cases. Our clients benefit from our deep subject awareness, hands-on experience, appreciation of the subject's gravity, and out-of-the-box thinking methodology. Sohamma has a team of EOU Consultants In Mumbai with seasoned professionals who, in their individual capacities, have advanced skills and competence in their fields and are dedicated to providing solutions that provide results.

Original Source Content-

https://www.knowpia.com/s/blog_0daec88d0b74d03f