Finding the international buyer is the challenging work for the new exporter. When the person is in export business; he is not only competing with other exporter of his country but; also the exporters of the other countries. There are the different methods of finding the international buyer; which are listed below: 2. Correspondence: Correspondence … Read more
TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 43/2014-Customs (ADD) New Delhi, the 30th September, 2014 G.S.R. (E). – Whereas, in the matter of Phenol (hereinafter referred to as the subject goods), falling under Chapter 29 of the … Read more
Price is the most important factor for the merchant exporter; as international market is most competitive market. In trading business you do not get what you deserve; but you get what you negotiate. It is very important that merchant exporter should develop the skill of negotiation for procurement of goods with competitive rate from the … Read more
F.No.153/53/2014-TPL (Pt.I) GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) **** North Block, TPL Division New Delhi, the 26th September, 2014 Order under section 119 of the Income-tax Act, 1961 Section 44AB of the Income-tax Act, 1961 („the Act?) read with rule 6G of the Income-tax Rules, 1962 („the … Read more
In order to give effect to the Additional Budget 2014-15 proposals and pursuant to the enactment of the Maharashtra Act No. “XXVII of 2014, certain amendments in the Maharashtra Value Added Tax Rules,2005 have been carried; out by the Government vide Notification No.VAT-1514/CR-62/Taxation-1 dated 13.08.2014. Government also issued Notification No.VAT-1514/CR-29/Taxation-l dated 23rd July 2014 to … Read more
As we have seen in last article that merchant exporter if fully depends upon the manufacture for the goods. There are several problems to the merchant exporters for procurement of the goods, which are listed below: 1. Price Fluctuations : Issue: Merchant exporter quotes the overseas buyer after obtaining the rate from the manufacturer of … Read more
“Merchant Exporter” means a person who is engaged in trading activity and exporting or intends to export the goods. Merchant exporters purchase the material from manufacturer and export the same. Manufacturing exporter means a person who manufactures the goods and export or intend to export the goods. The following points show the difference between the manufacture exporter and merchant exporter. … Read more
Background Section 42 of the Maharashtra Value Added Tax Act, 2002 empowers the State Government to provide for Composition Schemes for different classes of dealers. Accordingly, a notification has been issued on 1st June 2005, which provides for Composition Schemes for restaurants, caterers, bakers, retailers and second hand motor vehicle dealers. Entry 3 of this … Read more
The Government of Maharashtra has made available the facility of collection of Government receipts of various departments through GRAS (Government Receipt Accounting System) GRAS is a receipt portal and payment gateway under control of Directorate of Accounts and Treasuries, Mumbai having features as under: i) The entire process from preparation of challan to submission … Read more
Meaning of defunct company There are many companies which are registered under company act 1956 but due to various reasons they are not operative since incorporation. Some companies become operative immediately after incorporation but become inoperative thereafter. The fast track exit mode scheme is applicable to the defunct company. Here “Defunct Company” means the company … Read more