Import of educational material - FDI

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..... Can a Company wilth 100% FDI, engage itself into importing educational material ( in a pack containing the books & CDs)and selling to schools in numbers equivalent to the no. of students in the class ( one Pack per student)for a price per pack ?? Please clarify. - Reply By Rama Krishana - The Reply = I think permission for 100% FDI is one thing and import of study material is another thing. Since .....

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..... the 100% FDI is allowed in education system, there should not be any restriction on import of books and CDs as such. However, for import of books and CDs and see if there is any restriction or condition on such import, one has to see the provisions of foreign trade policy (FTP) - Reply By Sanjeev Sharma - The Reply = Thanks. Would it be treated as trading ?? - Reply By Rama Krishana - The Reply .....

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..... = Again, it is an issue which is to be decided on the basis of nature of transaction. If it is an independent transaction of sale, certainly it will be a trading activity. I have no doubt on the this. But the moot point is that how to determine the nature of activity? Each facts and circumstances must be considered carefully. - Reply By sanjay gupta - The Reply = Assuming that you have 100% FDI un .....

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..... der automatic route in the activities that are governed by your main objects. FDI is not permitted in education as it is not business in India and Ministry of HRD regulates it. However your activity is trading. If you are permitted for trading/importer of these items in your main objects, then there appears no problem. - Import of educational material - FDI - Query Started By: - Sanjeev Sharma D .....

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..... ated:- 12-4-2010 FEMA - Foreign Exchange Management - Got 4 Replies - FEMA - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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