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STARTUPS IN INDIA

Legal Procedure to follow for Exports from India: Best Corporate Lawyer Advice

Aside from situations where they are restricted by this Policy's clauses or any other currently in effect laws, exports and imports are allowed to take place for free. The item-by-item export and import policy must follow the guidelines in ITC(HS), which are periodically updated and released by the director general of foreign trade. However, the Director General of Foreign Trade may outline the clauses in a public notice under which any items that are not covered by the ITC(HS) may be shipped without a permit. Additionally, the exporter must confirm the necessity of an export licence before applying for one...

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Application of Goods & Services Tax GST in Exports from India: Best Corporate Lawyer Advice

For almost more than 30 years, the government has prioritised exports in all of its regulatory endeavours. Exports still receive this special protection owing to the "Make in India programme" since they shouldn't be liable to domestic taxes. However, the input-output chain cannot be disrupted according to GST, and exclusions often cause this to happen. Goods shipped are regarded as zero-rated supplies. No GST will be assessed on the export of any products or services. The Government has chosen to address all of these significant factors through zero-rated supplies. The tax imposed on inputs for the transport of select items was...

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Important Documents required for Exports from India: Best Corporate Lawyer Advice

India's export industry is expanding and includes everything from clothing to food. An export firm must include export documentation since they help the seamless flow of commodities, services, and transactions on the international market. The export documentation crosses international boundaries with each shipment. This paperwork needs to be revised and finished out correctly in order to avoid any legal issues in the coming years. These records are used for tax evaluation and verification of the results of quality control investigations, in addition to providing information on the product and its destination. India made a significant improvement to the "Ease of...

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Legal Advice on Exports from India: Best Corporate Lawyer Advice

Exports and imports are significant components of a nation's overseas trade. The exchange of services and commodities between nations across international borders is referred to as foreign commerce. By import, we refer to the actual transfer of things into a nation from overseas or some other nation. Imports meet local consumer requirements by bringing products made in another nation to the nation of origin. In a similar way, Exports indicate the authorised physical exportation of products from the nation of origin. Therefore, trade across international borders has become possible due to imports and exports. The individuals engaged in such commerce...

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Sample Investment Term Sheet for Start-ups: Best Corporate Lawyer Advice

This sample investment term sheet or draft investment term sheet is prepared in general way for the Start-ups in India who are looking forward to investments or foreign investments in their Start-ups. The entire idea is to impart basic legal education and/or primary knowledge of the basis legal clauses which is/are to be included in an investment term sheet. This document shall also help in enriching the Entrepreneur with the basic knowledge of the business laws of India, corporate laws of India and the basic compliances before taking investments in India. Draft Investment Term Sheet This non-binding term sheet summarises the major...

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Liability to pay Anti-Dumping Duty in International Trade: Best International Trade Law Advice

“Anti-dumping duties are levied on imports that are made overseas and are sold for less than similar products on the domestic market. When it thinks that a product's low price on the local market indicates that it is being dumped, the government puts anti-dumping duties on foreign imports. The Government from time to time revises the duty and the same involves a lot of legal hassles to deal with. Obtaining a proper legal advice from the best import export attorney or import export law firm or customs lawyer is inevitable. Further, any failure to pay the duties involves huge fines and...

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Legal Issues for Abandoned Shipments & Legal Remedies for Abandoned Shipments: Best International Trade Law Advice

“The most problematic part for a Freight Forwarder or for a Customs House Agent CHA is when the shipment is abandoned by the importer. The entire amount with respect to demurrages, detention and freight including the customs duty and other allied expenses are to be borne by someone. Generally the entire problem falls on the head of the Freight Forwarder and the shipping line starts demanding the clearance of the outstanding dues. This emanates the start of a legal dispute or a legal tussle and thus involves the expert legal advice of import export attorney or a import export lawyer or...

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Elementary Legal Compliances in International Trade: Best International Trade Law Advice

“International trade laws is a combination of mercantile laws or corporate laws, customs laws, laws with respect to foreign currency and maritime laws. All the persons who are involved with respect to international shipping and/or export and import of goods and services have to abide by them. Further, in case of default and/or violation of international trade laws the same attract hefty fines and penalties. There are specialized Attorneys who specifically deal with international shipping and render their legal advice and/or legal consultation with respect to international trade laws. Further, there are specialised import export attorneys and/or import export law firm...

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Applicable Laws & Legal Liabilities of Freight Forwarders in India: Best International Trade Law Advice

“Freight Forwarders are the ones who actually book the shipments for the importers and exporters and they are the first point of contact between the consignor and the shipping line. They sometimes also process legal documentation and paperwork regarding customs. Having said that, the industry remains unorganised and freight forwarders face a lot of legal challenges. There are laws which are applicable upon freight forwarders and the legal compliances upon freight forwarders which they have to comply with. All these pointers with respect to freight forwarders have been discussed here in detail. Further, the freight forwarder should always obtain proficient legal...

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Legal Advice for Exporters before they Export their First Consignment from India: Best Customs Lawyer Advice

“Every Exporter should adhere to and comply with the local laws of India and the international trade laws before they export their first consignment or shipment out of India. The elementary legal awareness and knowledge about the laws is the primary requirement in order to avoid defaults and embarrassments. Further, strict compliance of the international maritime laws is also mandatory. The documents provided by the shipping line is/are also to be duly reviewed before their execution. The entire process involves a direct involvement of an import export attorney or import export law firm or a customs lawyer.” Introduction Every businessman aspires to...

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