Do you import goods for resale or manufacture in India?

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..... Do you import goods for resale or manufacture in India?
By: - Pradeep Reddy
Customs - Import - Export - SEZ
Dated:- 19-3-2025
Do you import goods for resale or manufacture in India? You can't afford to ignore this. Meet 𝘙𝘢𝘮𝘦𝘴𝘩, a business owner who thought importing was complicated and costly. But he discovered strategies that simplified the process and 𝗯𝗼𝗼𝘀𝘁𝗲𝗱 𝗵𝗶𝘀 𝗽𝗿𝗼𝗳𝗶𝘁𝘀📈. Here's how he did it: 𝟭. 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝗯 .....

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..... ;𝘂𝘀𝗶𝗻𝗲𝘀𝘀 - 𝗜𝗺𝗽𝗼𝗿𝘁 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝘀 𝗗𝘂𝘁𝘆 Ramesh learned how to 𝗶𝗺𝗽𝗼𝗿𝘁 𝗿𝗮𝘄 𝗺𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝘀 𝗮𝗻𝗱 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗴𝗼𝗼𝗱𝘀 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗽𝗮𝘆𝗶𝗻𝗴 𝗖𝘂 .....

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..... 𝘀𝘁𝗼𝗺𝘀 𝗗𝘂𝘁𝘆 by using: 🏗️ 𝘔𝘢𝘯𝘶𝘧𝘢𝘤𝘵𝘶𝘳𝘦 𝘢𝘯𝘥 𝘖𝘵𝘩𝘦𝘳 𝘖𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯𝘴 𝘪𝘯 𝘞𝘢𝘳𝘦𝘩𝘰𝘶𝘴𝘦 𝘙𝘦𝘨𝘶𝘭𝘢𝘵𝘪𝘰𝘯𝘴 (𝘔𝘖𝘖𝘞𝘙) 📦 𝘚𝘱𝘦𝘤𝘪𝘢𝘭 𝘌𝘤𝘰𝘯𝘰 .....

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..... 0366;𝘪𝘤 𝘡𝘰𝘯𝘦 (𝘚𝘌𝘡) 𝘢𝘯𝘥 𝘌𝘹𝘱𝘰𝘳𝘵-𝘖𝘳𝘪𝘦𝘯𝘵𝘦𝘥 𝘜𝘯𝘪𝘵 (𝘌𝘖𝘜) 𝘴𝘤𝘩𝘦𝘮𝘦𝘴 🤝 𝘍𝘳𝘦𝘦 𝘛𝘳𝘢𝘥𝘦 𝘈𝘨𝘳𝘦𝘦𝘮𝘦𝘯𝘵𝘴 (𝘍𝘛𝘈𝘴) 𝘸𝘪𝘵𝘩 𝑚𝑎𝑛𝑦 𝑐𝑜𝑢𝑛𝑡𝑟𝑖𝑒&# .....

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..... 119904; 𝑖𝑛𝑐𝑙𝑢𝑑𝑖𝑛𝑔 𝘵𝘩𝘦 𝘜𝘈𝘌, 𝘈𝘶𝘴𝘵𝘳𝘢𝘭𝘪𝘢 (𝘢𝘯𝘥 𝘱𝘰𝘵𝘦𝘯𝘵𝘪𝘢𝘭 𝘧𝘶𝘵𝘶𝘳𝘦 𝘢𝘨𝘳𝘦𝘦𝘮𝘦𝘯𝘵𝘴 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘜𝘒). 𝟮. 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 - 𝗪𝗼𝗿 .....

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..... 𝗸𝗶𝗻𝗴 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 By leveraging a 𝗖𝘂𝘀𝘁𝗼𝗺𝘀 𝗕𝗼𝗻𝗱𝗲𝗱 𝗪𝗮𝗿𝗲𝗵𝗼𝘂𝘀𝗲 (𝗖𝗕𝗪) 𝗼𝗿 𝗙𝗿𝗲𝗲 𝗧𝗿𝗮𝗱𝗲 𝗮𝗻𝗱 𝗪𝗮𝗿𝗲𝗵𝗼𝘂𝘀𝗶𝗻𝗴 𝗭𝗼𝗻𝗲 (FTWZ), Ramesh deferred Customs Duty paymen .....

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..... ts by up to 90 days or even 5 years-offering crucial flexibility ⏳. 𝟯. 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝗼𝗿 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 - 𝗦𝗽𝗲𝗲𝗱𝘆 𝗖𝗹𝗲𝗮𝗿𝗮𝗻𝗰𝗲 𝘄𝗶𝘁𝗵 𝗔𝗘𝗢: Through the Authorized Economic Operator (AEO) scheme, Ramesh enjoyed faster clearances and benefits like waivers on bank guarantees 🚀. 𝗖𝗼𝗺𝗽
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..... 20313;𝗶𝗮𝗻𝗰𝗲 𝗧𝗶𝗽𝘀: 1.🛠️ Classification issues? Ramesh used 𝗣𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻𝗮𝗹 𝗔𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁 or paid Customs Duty under protest and appealed the 𝗕𝗶𝗹𝗹 𝗼𝗳 𝗘𝗻𝘁𝗿𝘆 (𝗕𝗢𝗘). 2. 💸 Paid Excess Customs Duty? He amended the BOE or filed an appeal to 𝗿𝗲𝗰𝗹𝗮𝗶𝗺 𝘁𝗵𝗲 𝗲𝘅𝗰𝗲𝘀𝘀. .....

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..... 3. ❓ Uncertain about Customs classification or duty rates? 𝗔𝗱𝘃𝗮𝗻𝗰𝗲 𝗥𝘂𝗹𝗶𝗻𝗴𝘀 offered clarity. 4. 📄 For imports at concessional rates or nil rate, Ramesh complied with 𝗜𝗺𝗽𝗼𝗿𝘁 𝗼𝗳 𝗚𝗼𝗼𝗱𝘀 𝗮𝘁 𝗖𝗼𝗻𝗰𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹 𝗥𝗮𝘁𝗲 (𝗜𝗚𝗖𝗥) Rules and filed the necessary intimations/returns. 5.💻 He also updated payments in the 𝗜𝗺𝗽𝗼 .....

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..... ;𝗿𝘁 𝗗𝗮𝘁𝗮 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴 𝗮𝗻𝗱 𝗠𝗼𝗻𝗶𝘁𝗼𝗿𝗶𝗻𝗴 𝗦𝘆𝘀𝘁𝗲𝗺 (𝗜𝗗𝗣𝗠𝗦) to avoid complications under Income Tax law and FEMA. By leveraging these schemes, Ramesh 𝗯𝗼𝗼𝘀𝘁𝗲𝗱 𝗽𝗿𝗼𝗳𝗶𝘁𝘀 💰 and 𝘀𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲𝗱 𝗵𝗶𝘀 𝗶𝗺& .....

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..... #120317;𝗼𝗿𝘁𝗶𝗻𝗴 𝗽𝗿𝗼𝗰𝗲𝘀𝘀 🛠️. Could these tips help 𝘺𝘰𝘶𝘳 business too?
Scholarly articles for knowledge sharing by authors, experts, professionals .....

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