FEMA Experts
Import & Export
Import & Export
SCOMET Export Return
The SCOMET Export Return is a mandatory filing for exporters dealing with sensitive items listed under the SCOMET (Special Chemicals, Organisms, Materials, Equipment, and Technologies) list. This return ensures that exports of controlled goods and technologies, which may have military, nuclear, or dual-use applications, comply with India’s export control regulations.
Key Features:
• Purpose: To track and ensure compliance for the export of restricted materials and technologies.
• Who Needs to File: Exporters dealing with SCOMET-listed goods or technologies, including SEZ units.
• Frequency: Typically filed quarterly.
• Importance: Ensures national security, prevents misuse of sensitive exports, and maintains compliance with export control laws.
• Who Needs to File: Exporters dealing with SCOMET-listed goods or technologies, including SEZ units.
• Frequency: Typically filed quarterly.
• Importance: Ensures national security, prevents misuse of sensitive exports, and maintains compliance with export control laws.
Our Services:
We assist businesses in preparing, filing, and maintaining compliance with SCOMET export regulations, ensuring timely and accurate returns. Let us help you navigate the complexities of sensitive exports while adhering to all regulatory requirements.
Import & Export
GST Compliance and Refunds for Exporters
The GST Exporters Refund is a process that allows exporters to claim a refund on the Goods and Services Tax (GST) paid on inputs, input services, and capital goods used for the production of goods or services that are exported. Since exports are considered zero-rated supplies under GST, exporters are entitled to a refund of the tax paid on their inputs.
Key Features of the Duty Drawback Scheme:
• Purpose: To refund the GST paid on goods and services used in the production of exported products.
• Eligibility: Available to exporters of goods and services, including SEZ units and businesses registered under GST.
• Procedure: Exporters must file GST returns, and claim the refund either through the GST RFD-01 form or through a bond or LUT (Letter of Undertaking) for exports.
• Importance: Helps improve cash flow for exporters by reimbursing the GST paid on inputs.
• Eligibility: Available to exporters of goods and services, including SEZ units and businesses registered under GST.
• Procedure: Exporters must file GST returns, and claim the refund either through the GST RFD-01 form or through a bond or LUT (Letter of Undertaking) for exports.
• Importance: Helps improve cash flow for exporters by reimbursing the GST paid on inputs.
Our Services:
We assist exporters in filing the necessary GST returns, ensuring compliance, and helping you claim timely refunds. Let us help you navigate the GST refund process smoothly and efficiently.
Import & Export
International Trade Taxation and Transfer Pricing Advisory
Service Provided:
• Provide advice on international tax regulations and compliance, including the Double Taxation Avoidance Agreement (DTAA), tax treaties, and import/export taxation.
• Transfer pricing advisory for cross-border transactions to ensure that transfer pricing documentation complies with global and domestic regulations.
• Assist in the structuring of transactions to optimize tax liabilities.
• Transfer pricing advisory for cross-border transactions to ensure that transfer pricing documentation complies with global and domestic regulations.
• Assist in the structuring of transactions to optimize tax liabilities.
Importance:
Helps businesses minimize their tax exposure in international transactions and ensures compliance with international tax laws.
Import & Export
Cross-Border Financing and Letter of Credit (L/C) Advisory
Service Provided:
• Advising on letter of credit (L/C) arrangements and other forms of payment in international trade.
• Assisting with securing financing for imports and exports, including pre-shipment and post-shipment credit facilities.
• Structuring favourable payment terms and securing trade finance to improve liquidity.
• Assisting with securing financing for imports and exports, including pre-shipment and post-shipment credit facilities.
• Structuring favourable payment terms and securing trade finance to improve liquidity.
Importance:
Enables smooth financial transactions in international trade, ensuring timely payments and secure financing options for businesses.
Import & Export
Customs Valuation and Classification
Service Provided:
• Ensuring proper customs valuation and correct classification of goods under the Harmonized System (HS) code for imports and exports.
• Helping in accurate tariff classification to determine the applicable customs duties and taxes.
• Provide assistance during Customs audits to verify the correctness of declared values and classification.
• Helping in accurate tariff classification to determine the applicable customs duties and taxes.
• Provide assistance during Customs audits to verify the correctness of declared values and classification.
Importance:
Helps businesses avoid under/over-valuation issues, ensuring compliance and minimizing the risk of penalties or excess duties.
Import & Export
Advisory on Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs)
Service Provided:
• Guidance on leveraging Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs) for cost-effective imports and exports.
• Assistance in obtaining and filing Certificates of Origin required under various FTAs, including SAFTA, APTA, ASEAN, EU-India FTA, and others.
• Assistance in obtaining and filing Certificates of Origin required under various FTAs, including SAFTA, APTA, ASEAN, EU-India FTA, and others.
Importance:
Helps businesses reduce customs duties and expand into new international markets by taking advantage of preferential trade terms.
Import & Export
Export-Import Consultancy
Export-Import consultancy offers specialized support to businesses engaged in international trade. This service ensures compliance with regulations, optimizes export and import processes, and helps businesses expand globally.
Key services include:
• Regulatory Compliance: Assisting with IEC registration, customs clearance, GST compliance, and adherence to Foreign Trade Policy (FTP).
• Export Documentation & Procedures: Guidance on preparing necessary documents such as shipping bills, invoices, certificate of origin, and navigating customs procedures.
• Import Management: Advising on duty exemptions, import licenses, and customs procedures for efficient import transactions.
• Export Incentives: Maximizing benefits from schemes like MEIS, SEIS, Duty Drawback, and Advance Authorization.
• Market Entry Strategies: Identifying and analyzing new international markets, including supply chain and logistics optimization.
• Risk Management & Financial Solutions: Offering advice on trade finance, letters of credit, and currency risk management.
• Export Documentation & Procedures: Guidance on preparing necessary documents such as shipping bills, invoices, certificate of origin, and navigating customs procedures.
• Import Management: Advising on duty exemptions, import licenses, and customs procedures for efficient import transactions.
• Export Incentives: Maximizing benefits from schemes like MEIS, SEIS, Duty Drawback, and Advance Authorization.
• Market Entry Strategies: Identifying and analyzing new international markets, including supply chain and logistics optimization.
• Risk Management & Financial Solutions: Offering advice on trade finance, letters of credit, and currency risk management.
Our expert consultants help businesses streamline their import-export operations, reduce costs, ensure compliance, and maximize international opportunities for growth.
Import & Export
Liaisoning Services with Government Agencies like DGFT, RBI
Our liaisoning services bridge the gap between businesses and key government agencies such as the Director General of Foreign Trade (DGFT), Reserve Bank of India (RBI), and other related authorities. We assist in navigating regulatory requirements, obtaining necessary approvals, and ensuring compliance with export-import laws and foreign trade policies.
With expertise in handling complex procedures, we help businesses streamline interactions with government bodies, ensuring seamless processing of applications, licenses, and certifications required for global trade and financial operations. Trust us to simplify your compliance journey and foster smooth engagement with regulatory authorities.
