There is an innate tax implication for all global transactions. For every business, it is mandatory to address these liabilities according to Indian rules and acts, and for appropriate tax compliances and to mitigate risks for your business, our team offers expert advice in respect to incentives under customs and Foreign Trade Policy.
The government has taken several steps to incentivize exports & subsidize specific imports to boost international economic activities under Custom. EXIM and Foreign Trade Policy.
Relaxations have been provided by the government of India in the form of Advance Authorization (AA), Duty-Free Import Authorization (DFIA), Duty Drawback Scheme (DBK), and incentives like Export Promotion Capital Good (EPCG), Remissions of Duties and Taxes on Exported Products (RoDTEP), Merchandise Export of India (MEIS) & Service Export from India Scheme (SEIS) are provided for seamless international trade. Numerous steps have also been taken to encourage manufacturing and exports under 100% SEZ/EOU/EHTP/STPI/BTP Schemes.
How ASC help under Customs & Foreign Trade Policy?