The document provides information about the Electronic Hardware Technology Park (EHTP) Scheme in India. The key points are:
1. The EHTP Scheme allows companies to set up manufacturing units to produce electronic hardware and components for export. It offers benefits like duty exemptions, tax holidays, foreign investment permissions, and single window clearances.
2. Companies can import capital goods and raw materials duty-free under the scheme. They also get excise duty exemption on indigenous procurement and sales in the domestic market are permitted up to 50% of export earnings.
3. To register under the scheme, companies need to submit an application along with a project report. If approved, they enter a legal agreement,
The document discusses various export promotion schemes in India including Export Oriented Units (EOUs), Software Technology Parks of India (STPI), Electronic Hardware Technology Parks (EHTPs), and Bio-Technology Parks (BTPs). It provides details on the introduction, eligibility criteria, benefits, and procedures for each type of park. For example, it states that EOUs allow duty-free imports and 100% foreign ownership while STPI units can avail of customs duty exemption, excise duty exemption, and central sales tax reimbursement. The document also mentions that nearly 1,000 software exporters withdrew from STPI after tax incentives were removed in 2011.
The document discusses foreign direct investment in India. It defines FDI and explains that it can come through automatic or approval routes. It outlines some special classes of foreign investors like venture capital funds and foreign institutional investors. It also discusses various entry strategies for foreign companies like setting up a wholly owned subsidiary or joint venture. Finally, it summarizes some key investment avenues and incentives for foreign investors in India like special economic zones, export oriented units, and electronics parks.
The document discusses foreign direct investment (FDI) in India. It defines FDI and explains that it refers to investment from foreign companies into domestic structures, equipment, and organizations in India. It outlines the types of FDI, factors affecting FDI, and the significance and limitations of FDI for India's economy. Additionally, it provides data on growth trends in FDI in India over time, popular destinations for FDI, and both advantages and limitations of allowing FDI in India's retail sector. Experts are cited discussing both benefits and risks of India's reliance on FDI.
Special economic zones (SEZs) are specifically delineated duty-free enclaves meant to be foreign territories for trade operations. SEZs aim to generate economic activity, promote exports and investment, and create jobs. They offer tax exemptions and simplified compliance procedures. However, SEZs have also faced criticism for distorting land and labor markets and displacing people. While SEZs have contributed to India's exports and FDI, their implementation has faced challenges around planning, land acquisition policies, and inadequate infrastructure and support. Overall, SEZs can boost the economy but India must ensure proper control, compensation for land, and employment opportunities to maximize benefits and minimize disadvantages.
The document discusses export processing zones (EPZs), which are areas where goods may be imported and manufactured for export. EPZs provide special incentives and facilities to attract foreign investment. They aim to promote exports, generate employment, and transfer technology. Companies setting up in EPZs receive tax holidays, duty-free imports, infrastructure support, and expedited permits. The document outlines the types of industries typically found in EPZs and incentives provided, such as tax exemptions and banking facilities. It also discusses rules around importing and exporting goods to and from EPZs.
The document outlines several Indian government export promotion schemes. It discusses schemes that provide duty credits or exemptions for exports of goods and services. These include the Served From India Scheme for service exports, Vishesh Krishi and Gram Udyog Yojana for agricultural and village industry exports, and Focus Market Scheme, Focus Product Scheme, and Market Linked Focus Products Scrip for specific export products and markets. It also describes Duty Exemption and Remission Schemes as well as the Export Promotion Capital Goods Scheme. Special focus is given to initiatives supporting market diversification, technological upgrading, status holders, and sectors like agriculture, handlooms, gems and jewelry, and electronics.
The document discusses various export promotion schemes in India including Export Oriented Units (EOUs), Software Technology Parks of India (STPI), Electronic Hardware Technology Parks (EHTPs), and Bio-Technology Parks (BTPs). It provides details on the introduction, eligibility criteria, benefits, and procedures for each type of park. For example, it states that EOUs allow duty-free imports and 100% foreign ownership while STPI units can avail of customs duty exemption, excise duty exemption, and central sales tax reimbursement. The document also mentions that nearly 1,000 software exporters withdrew from STPI after tax incentives were removed in 2011.
The document discusses foreign direct investment in India. It defines FDI and explains that it can come through automatic or approval routes. It outlines some special classes of foreign investors like venture capital funds and foreign institutional investors. It also discusses various entry strategies for foreign companies like setting up a wholly owned subsidiary or joint venture. Finally, it summarizes some key investment avenues and incentives for foreign investors in India like special economic zones, export oriented units, and electronics parks.
The document discusses foreign direct investment (FDI) in India. It defines FDI and explains that it refers to investment from foreign companies into domestic structures, equipment, and organizations in India. It outlines the types of FDI, factors affecting FDI, and the significance and limitations of FDI for India's economy. Additionally, it provides data on growth trends in FDI in India over time, popular destinations for FDI, and both advantages and limitations of allowing FDI in India's retail sector. Experts are cited discussing both benefits and risks of India's reliance on FDI.
Special economic zones (SEZs) are specifically delineated duty-free enclaves meant to be foreign territories for trade operations. SEZs aim to generate economic activity, promote exports and investment, and create jobs. They offer tax exemptions and simplified compliance procedures. However, SEZs have also faced criticism for distorting land and labor markets and displacing people. While SEZs have contributed to India's exports and FDI, their implementation has faced challenges around planning, land acquisition policies, and inadequate infrastructure and support. Overall, SEZs can boost the economy but India must ensure proper control, compensation for land, and employment opportunities to maximize benefits and minimize disadvantages.
The document discusses export processing zones (EPZs), which are areas where goods may be imported and manufactured for export. EPZs provide special incentives and facilities to attract foreign investment. They aim to promote exports, generate employment, and transfer technology. Companies setting up in EPZs receive tax holidays, duty-free imports, infrastructure support, and expedited permits. The document outlines the types of industries typically found in EPZs and incentives provided, such as tax exemptions and banking facilities. It also discusses rules around importing and exporting goods to and from EPZs.
The document outlines several Indian government export promotion schemes. It discusses schemes that provide duty credits or exemptions for exports of goods and services. These include the Served From India Scheme for service exports, Vishesh Krishi and Gram Udyog Yojana for agricultural and village industry exports, and Focus Market Scheme, Focus Product Scheme, and Market Linked Focus Products Scrip for specific export products and markets. It also describes Duty Exemption and Remission Schemes as well as the Export Promotion Capital Goods Scheme. Special focus is given to initiatives supporting market diversification, technological upgrading, status holders, and sectors like agriculture, handlooms, gems and jewelry, and electronics.
This document provides an overview of foreign direct investment (FDI) presented to Sir Ahmed Ghazali. It defines FDI and discusses types (inward and outward), forms (greenfield and mergers & acquisitions), sources, theories, stages, and factors in the decision framework for FDI. Theories covered include Mac Dougall-Kemp, industrial organization, and location specific theories. Benefits are outlined for both host and home countries, while drawbacks are noted for host countries. The document is a comprehensive introduction to FDI presented by a group of students.
GST Provisions relating to Export, import, sez etcCA Mukesh Sharma
The document discusses key aspects of export and import of goods and services under GST. It explains that export of goods is treated as zero-rated supply and does not require fulfillment of additional conditions like export of services. Import of goods into India would be treated as an inter-state supply and subject to integrated tax. The document also discusses important points regarding imports including time and place of levy of tax, availability of input tax credit, and valuation for tax purposes. High sea sales occurring before goods cross Indian customs frontiers are treated as inter-state supplies subject to integrated tax.
The document discusses export promotion in India. It outlines the benefits of exports, procedures for exporting, and policies and schemes implemented by the Indian government to promote exports. It then describes the various institutions that comprise India's export promotion system, including the Department of Commerce, advisory bodies, commodity organizations, service organizations, government trading organizations, and state export promotion agencies. The goal of India's institutional framework is to support and assist exporters at all levels of experience.
- India's foreign trade can be traced back to the Indus Valley civilization. The 1991 reforms aimed to liberalize trade and attract foreign investment.
- The direction of India's trade refers to its major export and import partners. Exports have diversified to many countries. Major import sources are European countries.
- The composition of trade analyzes product groups. Exports have diversified from primary goods to manufactured goods. Imports now include more capital goods and industrial inputs.
- The balance of trade is favorable if exports exceed imports, and unfavorable if imports exceed exports. The balance of payments includes current accounts like trade plus capital and financial flows. India has recently experienced a lower trade deficit and falling exports and imports
Foreign trade policy India chapter 2 general provision regarding export and ...DEEPAK PANT
Foreign trade policy India 2015-2020 chapter 2 general provision regarding export and import ..The general provisions governing import and export of
goods and services are dealt with in this chapter .
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the provisions relating to import and export of goods under the customs law.
The Export Oriented Units (EOU) scheme was introduced in 1980 to boost exports by creating additional production capacity with minimum value addition. EOUs operate under the same production regime as Special Economic Zones but have more flexibility in location. They allow duty-free import of materials and export of goods, offer tax exemptions, and permit 100% foreign investment. EOUs must achieve a positive net foreign exchange over five years when operating and can exit by various options including exporting or destroying imported goods, or paying duties if export obligations are not met.
The document summarizes India's Export-Import (EXIM) policy. It explains that the EXIM policy is announced every five years by the central government to guide foreign trade. The 2009-2014 policy aimed to double India's exports and merchandise trade share. It provided various export promotion schemes like Focus Product Scheme and EPCG Scheme. The policy also announced incentives for sectors like gems and jewelry, agriculture, leather, tea, pharmaceuticals, and handicrafts.
This document provides an overview of Special Economic Zones (SEZs) and Export Oriented Units (EOUs) in India and their impact on logistics. It discusses that SEZs are geographical regions with more liberal economic laws to generate economic activity and promote exports and investment. EOUs complement SEZs and can be set up in various locations. The document compares the benefits and tax incentives for SEZs and EOUs and discusses the logistics infrastructure like parks, warehouses, and connectivity that support them. It provides details on policies around subcontracting, exports, and recent updates to SEZ regulations.
The document provides information on India's foreign trade policies and trends over several decades. It discusses the evolution of India's trade balance from deficits in the early decades to surpluses more recently. Key points include:
- India had trade deficits from the 1950s through 1980s as imports grew faster than exports due to developmental needs and oil shocks. Deficits peaked in the 1980s, making India one of the most indebted countries.
- Liberalization began in the 1990s with policies promoting exports and attracting foreign capital. This reduced deficits and led to surpluses in the 2000s as exports grew rapidly, especially for software and manufactured goods.
- More recent foreign trade policies have aimed to
The document discusses anti-dumping laws from an Indian perspective. It provides an overview of anti-dumping regulations under WTO agreements and Indian law. It notes that anti-dumping duties are meant to counter unfair trade from dumping but can conflict with competition law, which aims to promote competition rather than penalize all instances of price discrimination. The document also examines investigations and duties imposed by Indian authorities and criticisms of anti-dumping measures.
Special Economic Zones (SEZs) are geographic regions that have economic laws more liberal than typical economic laws. SEZs aim to generate economic activity and promote exports by providing tax exemptions, single window clearances, and other incentives.
The document discusses the history and categories of SEZs. It notes that the concept originated with Puerto Rico in 1947 and was later adopted by countries like Ireland, Taiwan, and notably China, which established large numbers of SEZs. The main categories of SEZs include free trade zones, free zones, industrial parks, free economic zones, and urban enterprise zones.
The key advantages of SEZs in India include tax holidays, duty exemptions, simplified procedures
The document discusses Special Economic Zones (SEZs) in India. It defines SEZs as specifically delineated duty-free enclaves deemed to be foreign territory for trade. The objectives of SEZs are to generate economic activity, promote exports and investment, and create jobs. SEZs can be processing or non-processing and have different structures. Incentives for SEZs include tax exemptions, duty-free imports, single window clearances, and facilities like utilities. Potential problems include lack of transparency, payment issues, and use of prime agriculture land.
This document discusses customs duty in India. It provides definitions and explanations of key terms related to customs law such as customs duty, customs waters, conveyance, vehicle, and goods. It describes the taxable events for imports and exports and when the duty becomes payable. It also explains provisions for reduction of customs liability in cases of pilferage, damage/deterioration, and loss/destruction/abandonment of goods. The key sources of customs law and their scope of application are also outlined.
The document summarizes various export promotion incentives and policies available to Indian exporters, including tax exemptions, duty drawbacks, import concessions, and special economic zones. It discusses sales tax/VAT exemptions, excise exemptions, duty drawback rates, income tax concessions, import concessions like the Export Promotion Capital Goods Scheme and Duty Free Import Authorization Scheme, and special zones like Special Economic Zones, Export Oriented Units, and Software Technology Parks that provide tax holidays and other benefits.
Merchant and manufacturer exporters, service providers, and units located in special economic zones are eligible to apply for Star Export House status. There are five categories of Star Export Houses based on export performance: One Star for 15 crore rupees, Two Star for 100 crore rupees, Three Star for 500 crore rupees, Four Star for 1500 crore rupees, and Five Star for 5000 crore rupees.
Foreign direct investment (FDI) involves a controlling ownership in a business by an entity based in another country. FDI brings funding and expertise from developed countries to help emerging markets expand. World FDI increased 9% to $1.45 trillion in 2013, with over half going to developing countries. FDI has advantages like increasing capital and job opportunities, but can also negatively impact local communities and allow foreign giants to take market share. While India is working to improve its regulatory environment and maximize stability to attract more FDI, it still faces challenges like resource and equity issues, political challenges, and reducing poverty.
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we will be learning about the basic concepts and important definitions under the Customs Act, 1962.
This document discusses evaluating risks and exposures in customs transactions. It defines risk assessment as identifying transactions that pose risks to customs compliance and evaluating their potential effects. The speaker provides examples of common risk areas like classification, valuation, special trade programs, and recordkeeping. He offers tips for conducting risk assessments, including identifying high-risk subjects, collecting data from customs reports and business records, and reviewing high-value or high-volume products and suppliers. The goal is to design control activities that manage risks and ensure compliance.
This document provides information about Special Economic Zones (SEZs) in India. It defines SEZs as geographical regions exempt from certain taxes and regulations to promote exports and employment. SEZs aim to provide a competitive business environment through a single-window clearance system. The document outlines the history of SEZs in India since 1965 and describes different types of export zones, including Free Trade Zones. It also lists facilities, benefits, and the state-wise distribution of approved SEZs in India.
The document summarizes the legal framework and procedures for setting up an Export Oriented Unit (EOU) in India according to the country's Foreign Trade Policy. Key points include:
- EOUs are eligible for various exemptions from customs duties, excise duties, and direct/indirect taxes to facilitate exports.
- Setting up an EOU involves obtaining a Letter of Intent from the Development Commissioner by submitting an application with documents like project report and locational clearances.
- Upon receiving the Letter of Intent, legal undertakings must be executed and capital goods/inputs must be attested before a Green Card is issued.
- Various formalities like warehousing licenses and bond execution are
Zinnov Management Consulting provides an insightful comparison between Special Economic Zones (SEZ) and Software Technology Parks (STP) in the current Indian Landscape
This document provides an overview of foreign direct investment (FDI) presented to Sir Ahmed Ghazali. It defines FDI and discusses types (inward and outward), forms (greenfield and mergers & acquisitions), sources, theories, stages, and factors in the decision framework for FDI. Theories covered include Mac Dougall-Kemp, industrial organization, and location specific theories. Benefits are outlined for both host and home countries, while drawbacks are noted for host countries. The document is a comprehensive introduction to FDI presented by a group of students.
GST Provisions relating to Export, import, sez etcCA Mukesh Sharma
The document discusses key aspects of export and import of goods and services under GST. It explains that export of goods is treated as zero-rated supply and does not require fulfillment of additional conditions like export of services. Import of goods into India would be treated as an inter-state supply and subject to integrated tax. The document also discusses important points regarding imports including time and place of levy of tax, availability of input tax credit, and valuation for tax purposes. High sea sales occurring before goods cross Indian customs frontiers are treated as inter-state supplies subject to integrated tax.
The document discusses export promotion in India. It outlines the benefits of exports, procedures for exporting, and policies and schemes implemented by the Indian government to promote exports. It then describes the various institutions that comprise India's export promotion system, including the Department of Commerce, advisory bodies, commodity organizations, service organizations, government trading organizations, and state export promotion agencies. The goal of India's institutional framework is to support and assist exporters at all levels of experience.
- India's foreign trade can be traced back to the Indus Valley civilization. The 1991 reforms aimed to liberalize trade and attract foreign investment.
- The direction of India's trade refers to its major export and import partners. Exports have diversified to many countries. Major import sources are European countries.
- The composition of trade analyzes product groups. Exports have diversified from primary goods to manufactured goods. Imports now include more capital goods and industrial inputs.
- The balance of trade is favorable if exports exceed imports, and unfavorable if imports exceed exports. The balance of payments includes current accounts like trade plus capital and financial flows. India has recently experienced a lower trade deficit and falling exports and imports
Foreign trade policy India chapter 2 general provision regarding export and ...DEEPAK PANT
Foreign trade policy India 2015-2020 chapter 2 general provision regarding export and import ..The general provisions governing import and export of
goods and services are dealt with in this chapter .
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the provisions relating to import and export of goods under the customs law.
The Export Oriented Units (EOU) scheme was introduced in 1980 to boost exports by creating additional production capacity with minimum value addition. EOUs operate under the same production regime as Special Economic Zones but have more flexibility in location. They allow duty-free import of materials and export of goods, offer tax exemptions, and permit 100% foreign investment. EOUs must achieve a positive net foreign exchange over five years when operating and can exit by various options including exporting or destroying imported goods, or paying duties if export obligations are not met.
The document summarizes India's Export-Import (EXIM) policy. It explains that the EXIM policy is announced every five years by the central government to guide foreign trade. The 2009-2014 policy aimed to double India's exports and merchandise trade share. It provided various export promotion schemes like Focus Product Scheme and EPCG Scheme. The policy also announced incentives for sectors like gems and jewelry, agriculture, leather, tea, pharmaceuticals, and handicrafts.
This document provides an overview of Special Economic Zones (SEZs) and Export Oriented Units (EOUs) in India and their impact on logistics. It discusses that SEZs are geographical regions with more liberal economic laws to generate economic activity and promote exports and investment. EOUs complement SEZs and can be set up in various locations. The document compares the benefits and tax incentives for SEZs and EOUs and discusses the logistics infrastructure like parks, warehouses, and connectivity that support them. It provides details on policies around subcontracting, exports, and recent updates to SEZ regulations.
The document provides information on India's foreign trade policies and trends over several decades. It discusses the evolution of India's trade balance from deficits in the early decades to surpluses more recently. Key points include:
- India had trade deficits from the 1950s through 1980s as imports grew faster than exports due to developmental needs and oil shocks. Deficits peaked in the 1980s, making India one of the most indebted countries.
- Liberalization began in the 1990s with policies promoting exports and attracting foreign capital. This reduced deficits and led to surpluses in the 2000s as exports grew rapidly, especially for software and manufactured goods.
- More recent foreign trade policies have aimed to
The document discusses anti-dumping laws from an Indian perspective. It provides an overview of anti-dumping regulations under WTO agreements and Indian law. It notes that anti-dumping duties are meant to counter unfair trade from dumping but can conflict with competition law, which aims to promote competition rather than penalize all instances of price discrimination. The document also examines investigations and duties imposed by Indian authorities and criticisms of anti-dumping measures.
Special Economic Zones (SEZs) are geographic regions that have economic laws more liberal than typical economic laws. SEZs aim to generate economic activity and promote exports by providing tax exemptions, single window clearances, and other incentives.
The document discusses the history and categories of SEZs. It notes that the concept originated with Puerto Rico in 1947 and was later adopted by countries like Ireland, Taiwan, and notably China, which established large numbers of SEZs. The main categories of SEZs include free trade zones, free zones, industrial parks, free economic zones, and urban enterprise zones.
The key advantages of SEZs in India include tax holidays, duty exemptions, simplified procedures
The document discusses Special Economic Zones (SEZs) in India. It defines SEZs as specifically delineated duty-free enclaves deemed to be foreign territory for trade. The objectives of SEZs are to generate economic activity, promote exports and investment, and create jobs. SEZs can be processing or non-processing and have different structures. Incentives for SEZs include tax exemptions, duty-free imports, single window clearances, and facilities like utilities. Potential problems include lack of transparency, payment issues, and use of prime agriculture land.
This document discusses customs duty in India. It provides definitions and explanations of key terms related to customs law such as customs duty, customs waters, conveyance, vehicle, and goods. It describes the taxable events for imports and exports and when the duty becomes payable. It also explains provisions for reduction of customs liability in cases of pilferage, damage/deterioration, and loss/destruction/abandonment of goods. The key sources of customs law and their scope of application are also outlined.
The document summarizes various export promotion incentives and policies available to Indian exporters, including tax exemptions, duty drawbacks, import concessions, and special economic zones. It discusses sales tax/VAT exemptions, excise exemptions, duty drawback rates, income tax concessions, import concessions like the Export Promotion Capital Goods Scheme and Duty Free Import Authorization Scheme, and special zones like Special Economic Zones, Export Oriented Units, and Software Technology Parks that provide tax holidays and other benefits.
Merchant and manufacturer exporters, service providers, and units located in special economic zones are eligible to apply for Star Export House status. There are five categories of Star Export Houses based on export performance: One Star for 15 crore rupees, Two Star for 100 crore rupees, Three Star for 500 crore rupees, Four Star for 1500 crore rupees, and Five Star for 5000 crore rupees.
Foreign direct investment (FDI) involves a controlling ownership in a business by an entity based in another country. FDI brings funding and expertise from developed countries to help emerging markets expand. World FDI increased 9% to $1.45 trillion in 2013, with over half going to developing countries. FDI has advantages like increasing capital and job opportunities, but can also negatively impact local communities and allow foreign giants to take market share. While India is working to improve its regulatory environment and maximize stability to attract more FDI, it still faces challenges like resource and equity issues, political challenges, and reducing poverty.
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we will be learning about the basic concepts and important definitions under the Customs Act, 1962.
This document discusses evaluating risks and exposures in customs transactions. It defines risk assessment as identifying transactions that pose risks to customs compliance and evaluating their potential effects. The speaker provides examples of common risk areas like classification, valuation, special trade programs, and recordkeeping. He offers tips for conducting risk assessments, including identifying high-risk subjects, collecting data from customs reports and business records, and reviewing high-value or high-volume products and suppliers. The goal is to design control activities that manage risks and ensure compliance.
This document provides information about Special Economic Zones (SEZs) in India. It defines SEZs as geographical regions exempt from certain taxes and regulations to promote exports and employment. SEZs aim to provide a competitive business environment through a single-window clearance system. The document outlines the history of SEZs in India since 1965 and describes different types of export zones, including Free Trade Zones. It also lists facilities, benefits, and the state-wise distribution of approved SEZs in India.
The document summarizes the legal framework and procedures for setting up an Export Oriented Unit (EOU) in India according to the country's Foreign Trade Policy. Key points include:
- EOUs are eligible for various exemptions from customs duties, excise duties, and direct/indirect taxes to facilitate exports.
- Setting up an EOU involves obtaining a Letter of Intent from the Development Commissioner by submitting an application with documents like project report and locational clearances.
- Upon receiving the Letter of Intent, legal undertakings must be executed and capital goods/inputs must be attested before a Green Card is issued.
- Various formalities like warehousing licenses and bond execution are
Zinnov Management Consulting provides an insightful comparison between Special Economic Zones (SEZ) and Software Technology Parks (STP) in the current Indian Landscape
The document outlines India's legal framework for foreign trade policy and trade facilitation measures. It discusses the basis and duration of the foreign trade policy, procedures for amendments, and transitional arrangements. It then details various trade facilitation initiatives by the Directorate General of Foreign Trade (DGFT) such as the Niryat Bandhu handholding scheme, online services, electronic data interchange with other agencies, and 24/7 customs clearance. The goal is to facilitate international trade and ease of doing business through efficient, transparent and digitized processes.
The document provides an overview of investment opportunities and regulations in Ethiopia. It details Ethiopia's population and economic indicators, top sources of foreign direct investment, and minimum investment capital requirements to set up different types of local entities. Foreign investors can establish a commercial representative office or register a company through the Ethiopian Investment Commission. The process involves licensing, permits, taxes, and incentives that vary by sector and location within the country.
The document summarizes the process and requirements for purchasing real estate and establishing a business in Costa Rica's free trade zones. Key points include:
- Costa Rican law provides equal property rights to citizens and foreigners.
- Due diligence on property titles is required, including a complete title search and verification of encumbrances.
- Establishing a business in a free trade zone provides tax incentives but requires minimum investments and export focus. The application process takes about two months.
- Ongoing obligations for free zone businesses include record keeping, reporting, environmental compliance, and maintaining the business's export focus.
The document discusses various policies and zones to boost exports, including Special Economic Zones (SEZs), Export Oriented Units (EOUs), and International Financial Centers (IFCs). It outlines the objectives, incentives, procedures and differences between SEZs and EOUs. For SEZs, it discusses the concept, development in India, and setting up procedures. For EOUs, it discusses eligibility, procedures, benefits, and differences from SEZs. For IFCs, it discusses the role and an example of the Dubai International Financial Center (DIFC), what it focuses on, and procedures for setting up there.
This document discusses the taxation implications of technology transfer in India. It defines technology transfer and outlines the various types of intellectual property that can be transferred such as patents, copyrights, and trademarks. It also discusses how transfer of technology results in income that is taxed differently depending on whether it is classified as royalty, fees for technical services, or business profits. The document provides details on relevant sections of India's Income Tax Act regarding taxation of income from technology transfer and examines how double taxation avoidance agreements may impact taxation.
The document discusses foreign direct investment (FDI) in India. It defines FDI and explains the different forms it can take, such as joint ventures and wholly owned subsidiaries. It outlines the approval processes for FDI through the automatic route, FIPB route and CCFI route. It also discusses key sectors that attract FDI in India like airports, telecom, insurance, mining, petroleum, banking and infrastructure. The advantages of FDI for India include job creation, technology transfer, and capital investment.
Tax incentives & policy and procedures for sezSamarth Gupta
The document discusses Special Economic Zones (SEZs) in India. Key points:
- SEZs are designated regions with different economic laws to promote rapid economic growth through tax/business incentives and improved infrastructure.
- The SEZ Act of 2005 aims to generate economic activity, promote exports/investment, and create jobs while developing self-sustaining industrial townships.
- Over 130 operational SEZs have invested $195 billion, providing over 6.4 lakh direct jobs and 5.09 lakh indirect jobs. SEZ units receive various income, customs, and other tax exemptions to encourage business.
The document provides an overview of foreign collaboration in India, including:
1) It discusses the key regulations governing foreign investment in India and the roles of the Reserve Bank of India and Department of Industrial Policy and Promotion.
2) It summarizes the two main types of foreign collaboration - financial collaboration involving equity investment, and technical collaboration involving technology transfer.
3) It provides details on the automatic route and government approval route for foreign technical agreements, and the relevant policies around royalty payments.
The document provides information on various sales tax forms relevant for MRO activities at RIL, including Form C for inter-state purchases, Form F for inter-state stock transfers, and Form I for inter-state sales to SEZ customers. It also discusses standardizing inbound and outbound warehouse registers, early payment incentives (EPI) including projections and analysis, and deemed exports including advance authorization schemes and RIL's process for deemed export orders.
Best chartered accountant services in India with all kind of Tax and accounting. Our experienced and qualified chartered accountant professionals can help you in managing your personal or corporate finances effectively.
The document outlines various schemes to encourage exports in India, including:
1) Export incentives for manufacturers such as duty exemptions on inputs and final products, concessional financing, income and sales tax exemptions.
2) Input Duty Relief Schemes that allow duty-free imports of inputs or refunds later, requiring isolated production units. These include EOU, STP, EHTP and SEZ schemes.
3) SEZ schemes provide duty exemptions, income tax incentives up to 50% for 10-15 years, and single window clearance for approvals.
Turkey encourages foreign direct investments through a series of special free zones. These
areas benefit from special regulatory principles for taxation and they also offer the benefit of a strategic location for investors.
VIETNAM – LATEST GUIDE TO CONTRACT MANUFACTURING AND TOLLING AGREEMENTSDr. Oliver Massmann
1) Under Vietnamese law, drop shipping is considered an alternative form of import and is not subject to tax exemptions or reductions. There are no special regulations for drop shipping supplies. Capital equipment imported as fixed assets may be exempt from import taxes if they meet certain conditions.
2) While ownership of inventory, capital equipment, or acting as a purchasing agent could potentially create risks of a permanent establishment, establishing a representative office could help avoid this.
3) Tax incentives are available for certain encouraged investments based on location, business lines, employment levels, and export percentages. Operating as a cost plus contract manufacturer does not preclude incentives.
Lawyer in Vietnam Oliver Massmann Draft decree guiding Law on Investment 2014Dr. Oliver Massmann
The document summarizes key aspects of M&A procedures under Vietnam's new Law on Investment 2014 and its draft decree:
(1) It separates foreign investors' obligation to register investments and the target company's obligation to register its business.
(2) Foreign investors are not required to obtain an Investment Registration Certificate when contributing capital or purchasing shares, regardless of the percentage acquired.
(3) If a target company meets the definition of a "foreign-invested economic organization," it must apply for new IRCs for any new investment projects, excluding additional M&A deals.
This document provides an overview of Export Oriented Units (EOUs) in India. EOUs were established to boost exports by enabling additional production capacity with minimum value addition. Their key objectives are to transfer latest technologies and stimulate direct foreign investment. EOUs are required to achieve a positive net foreign exchange over 5 years and maintain input/output norms. In return, EOUs receive benefits like duty-free imports, excise and sales tax exemptions, ability to sell in the local market, and 100% foreign ownership. Major sectors for EOUs include food processing and coffee.
Similar to Electronic hardware technology park (20)
Building a Raspberry Pi Robot with Dot NET 8, Blazor and SignalRPeter Gallagher
In this session delivered at NDC Oslo 2024, I talk about how you can control a 3D printed Robot Arm with a Raspberry Pi, .NET 8, Blazor and SignalR.
I also show how you can use a Unity app on an Meta Quest 3 to control the arm VR too.
You can find the GitHub repo and workshop instructions here;
https://bit.ly/dotnetrobotgithub
2. INTRODUCTION
The EHTP Scheme is a 100% Export
Oriented Scheme for undertaking
manufacturing of electronic hardware
equipment/components and other items. in
India. This scheme is unique in its nature as
it focuses on one product/sector, i.e.
Electronic Hardware.
3. An EHTP unit is also allowed to
manufacture items other than those specified
in the approval letter, provided that such
other items fall in the category of Electronic
Hardware, the design and production
facilities are common and have similar
manufacturing process.
4. SCHEME BENEFITS &
HIGHLIGHTS
The Central Government, State
Government, Public or Private sector
undertakings or any combination thereof
may set up the Electronic Hardware
Technology Park (EHTP).
A company may set up STP unit anywhere
in India.
Foreign equity permissible upto 100%.
5. 100% foreign equity investment in the companies
permissible under the 'Automatic Route' of RBI.
Approvals are given under single window
clearance.
Project costing less than Rs. 100 million
investment are cleared by local STPI Authorities.
Income Tax holiday as per IT Act of Ministry of
Finance, Govt. of India applicable time-to-time.
EHTP units are exempted from payment
of corporate Income Tax.
6. Capital invested by Foreign Entrepreneurs,
Know-How Fees, Royalty, Dividend etc., can
be freely repatriated after payment of Income
Taxes due on them, if any.
EHTP unit is a duty free bonded area under
section 65 of the Customs Act, 1962.
7. 100% Customs Duty exemption on imports
of Capital Goods and inputs (Raw Materials,
Components, Consumables, Parts and
packing Materials)100% Excise Duty
exemption on indigenous items
procurement.
Import of Capital Goods on outright
purchase, loan, free of cost and lease basis is
permitted.
8. Import of second hand capital goods is
permitted. (except prohibited items).
Re-Export of capital goods is permitted
Central Sales Tax reimbursement on
indigenous items procurement.
Green card enabling priority treatment for
government clearances / other services.
9. Sales in the DTA (Domestic Tariff Area) up
to 50% of the foreign exchange earned by
the EHTP unit.
Inter Unit Transfer between
EOU/STP/EHTP/EPZ is permitted.
Sub-contracting between
EOU/STP/EHTP/EPZ is permitted.
10. Simplified Net Foreign Exchange Earnings
(NFEP) & Export Performance (EP) norms,
as applicable at the time of signing EHTP
agreement.
Simplified depreciation norms on Capital
Good.
Single Window Clearance Services
Registration under EHTP Scheme
11. Approvals for duty free Imports including
Second Hand Capital Goods
Approval for Excise Duty exemption for
procurement of Indigenous Capital Goods
Green Card issuance
Attestation of Software Export Declarations
Re-export of Capital goods imported on loan
basis as well as Repair/Replacement
12. Shift / Inter Unit Transfer of capital goods
Permission for Capital Structure Refinement
and ProPermission for Change of Company
Name and Location.
ject Expansion.
13. Reimbursement of the CST paid on
Domestic Purchases
Approval for Sub-contracting
DTA sales permission
De-bond of equipments
Letter of Permission Renewal
Exit from scheme as per policy provision.
14. BENEFITS UNDER EHTP
SCHEME
An EHTP may import free of duty capital
goods, raw materials, components and other
related inputs. However these should not be on
the negative list of prohibited items in the
Foriegn Trade Policy. Second hand capital
goods may also be imported by EHTP units.
An EHTP unit may bunch the products
manufactured by it for sale in the DTA with its
entitlement. EHTPs are duty free and bonded
areas and customs exemptions are extended
accordingly.
15. An EHTP is exempted from the payment of
corporate income tax up to 2010 and also
central sales tax reimbursement..
Supplies that are effected in DTAs under
global tender conditions and payment in
forex are also considered as part of
relinquishment of export obligation.
16. Supplies made by DTAs to an EHTP unit will
be regarded as deemed exports and is entitled to
benefits under the Foriegn Trade Policy. To get
this benefit, goods have to be produced in the
country and the supplies have to be made
against a letter of authority issued by an officer
designated in this behalf of the STPI,
Government of India.
An EHTP unit may be setup for both software
and hardware in an integrated manner
17. EHTP unit may purchase indigenous goods
free of excise duty
EHTP unit may sell Goods/Services in DTA
up to 50% of FOB value of exports, subject
to fulfillment of positive NFE as per the
policy & payment of applicable duties.
18. Minimum Export Obligation As per the Import-
Export Policy, 2002-2007, EOU/EHTP/STP
Unit shall be a net foreign exchange earner. Net
Foreign Exchange (NFE) earning shall be
calculated cumulatively for a period of five
years from the commencement of production,
according to the formula as under:
Positive NFE= A-B >0
A: FOB value of exports
B: Sum total of Capital Goods imported + value
of payments made in foreign exchange.
19. CRITERIA FOR AUTOMATIC
APPROVAL
The following will be the criteria for securing
automatic approval from the Director, EHTPI
within whose jurisdiction the unit is proposed to be
set up.
The Directors of EHTPI have been vested with
powers to approve projects irrespective of the value
of import of Capital Goods;
The Units meets the requirements of the Customs
Authorities in so far as:
It is amenable to bonding by the Customs;
20. All the manufacturing operations are carried out in
the same premises and the proposal does not
envisage sending out of the bonded area any raw
material or intermediate products for any other
manufacturing or processing activity;
However, the unit may be permitted to sub-contract
part of their production process through job work
by units in Domestic Tariff Area of other EHTP
Units including subcontracting abroad on
fulfillment of prescribed conditions.
21. REGISTRATION PROCEDURE
Applications for securing both types of
approvals is to be submitted to the Director,
EHTPI within whose jurisdiction the unit is
proposed to be situated (see page 11 of Form
15-F-01).
An application for setting up a EHTP unit is
received in the prescribed format no. 15-F-
01 from the potential software exporter.
22. Application should be duly filled in with
signatures and rubber stamp on the each
page of the application.
A demand draft in favour of EHTPI within
whose jurisdiction the unit falls for
Rs.2,500/- on account of Application Fee.
23. Project Report covering details containing the
following details should be filed with the
application in form 15-F-01.
Company profile
Promoters background
Units Area of Expertise / Services offered
Marketing Strategy / Marketing Arrangements
Manpower plan
24. Future plans
Financials statement like :
Cost of project & Means of finance
Projected P&L A/c.
Projected Balance Sheet
Projected Cash flow / fund flow statement
Export workings - (As per Transfer pricing
guidelines where ever applicable)
25. Memorandum & Articles of Association (in
case the applicant is a company) and check
whether the “Computer Software/IT enabled
services” is one of the objects in the Main
Object para of the Memorandum of
Association.
Partnership Deed (in case of Partnership
Firm)
26. The Director acknowledges the receipt of
the application and a reference number is
given to each application.
The applicant is thereafter called to give a
presentation on the project that he proposes
to undertake with complete profile of the
promoters, field of software development,
marketing arrangement, business plan etc. in
the EHTPI office.
27. On approval of the project by the Director,
letter of permission (in format No. 15-F-02) is
issued to the units. The unit is thereafter
considered registered under the EHTP Scheme.
On issuance of letter of permission, the EHTP
unit have to undertake the following:
Execution of legal agreement
Custom bonding
28. EXECUTION OF LEGAL
AGREEMENT
Letter of Permission (LOP) issued by the EHTPI would be
construed as a license for all purposes under the scheme
including procurement of raw materials and consumables.
The LOP shall specify the items of manufacture, limit of
imported capital goods, projected export turnover in 5
years, location of EHTP unit, validity period, Net Foreign
Exchange earnings as a percentage of exports (NFEP),
limitation regarding sale of finished goods and rejects in
the Domestic Tariff Area (DTA) and such other matters as
may be necessary and also impose such conditions as may
be required. The unit is required to send a letter to the
Director, EHTPI confirming the acceptance of the terms
and conditions as laid down in the LOP.
29. Thereafter, the unit shall execute a Legal
Undertaking as per format in Appendix-IX,
with the Director, EHTPI concerned.
30. PROCEDURE
The Legal Undertaking is to be executed on
a stamp paper of Rs.50/- procured from the
civil court under which the concerned
EHTPI centre falls.
Each page of the Legal Undertaking is
required to be signed and stamped by a
person duly authorised in this behalf along
with the Common Seal of the Company.
31. A copy of the Board resolution authorizing
the person to act as signatory on its behalf is
also required to be enclosed.
The Legal Undertaking after acceptance is
signed by the authorised signatory of EHTPI
and the original is retained. A photocopy of
the same is returned to the unit for record
purposes.
32. Copy of the Legal Undertaking is to be
given to the Customs by the unit at the time
of Customs Bonding of the premises.
A unit is required to pay 3-year advance
service charges at the time of signing of the
legal agreement on the basis of the
projections made by it in the application,
subject to a minimum of Rs. 50,000/- as per
the following norms:
33. Export Projection Service Charges
Exports upto Rs. 50 lacs per annum Rs. 15,000 per annnum
Exports more than Rs. 50 lacs per
annum but upto Rs. 300 lacs
Rs. 50,000 per annnum
Exports above Rs. 300 lacs per
annum
Rs. 1,00,000 per annnum
34. In case of failure to fulfill the obligation
stipulated in the Letter of Permission, the
SPT unit would be liable to penalty in terms
of the Legal Undertaking or any other law
for the time being in force. The unit will also
be liable for the following:
• payment of custom and excise duty on-
Plant, machinery, equipment, raw material,
components and consumables.
35. Penalty under Foreign Trade (D&R) 1922 and
Rules made thereunder
Permission under Foreign Trade (Development &
Regulation) Act, 1992, and the Exim Policy is
required to be taken by the unit before the
products developed for exports are disposed off
in the local market
36. CUSTOM BONDING
EHTP units are compulsorily required to
carry out their operations in a Custom
bonded area whether it avails the benefits of
Customs Duty/Excise Duty exemption or
not. Vide Notification No. 33/94-Cus.(NT)
dated 1.7.1994, the power to declare an area
as a Custom bonded area has been delegated
to the Commissioner of Customs within
their respective jurisdictions.
37. To get the premises Custom Bonded, the
units are required to complete the following
formalities:
Private Bonded Warehouse License from the
Customs.
Single all purpose bond (B-17).
38. A EHTP unit is required to submit the
following documents to get the premises
bonded:
Three copies of Floor Plan.
Three copies of tentative list of Capital
Goods (along with their value) proposed to
be imported and indigenous goods to be
procured for the project.
39. The Director attests the floor plan and the list of
Capital Goods. Two copies of the floor plan and
one copy of tentative list of capital goods are
forwarded to the Jurisdictional Assistant
Collector of Customs in the prescribed form
and will issue a License called “Private Bonded
Warehouse License” indicating its period of
validity and CIF value of duty free equipment
which can be kept within the same. This custom
bonding is valid for 5 years.
40. The unit is required to submit the following
documents to the Customs authorities:
Copy of letter of approval issued by the
Director, EHTPI.
Memorandum and Articles of Association and
Certificate from the Registrar of Companies for
its incorporation or partnership deed
Floor plan duly approved by EHTPI.
Copy of Purchase/Lease deed of
building/premises.
41. Copy of Legal Agreement executed with
EHTPI.
List of goods proposed to be imported
attested by EHTPI.
Copy of IEC code.
Copy of Green card issued by EHTPI.
List of Directors of the Company.
B-17 Bond.
42. SINGLE ALL PURPOSE
BOND(B-17)
The EHTP unit is required to execute a single bond
(B-17) as per format given in Appendix-II before
the Assistant Commissioner of Customs in whose
jurisdiction the unit is situated. The Bond amount
has to be equivalent to 25% of the duty leviable on
the sanctioned requirement of imported and
indigenous capital goods plus duty forgone on the
raw materials to be held in stock for 3 months. The
Assistant Commissioner of Customs before whom
the above bond is executed would issue a certificate
stating that the unit has executed the bond. On the
strength of this certificate the goods will be allowed
clearance under the exemption notification.