#customs duty calculator india

[scmcube]

Union Budget 2023-24

According to Union Finance Minister Nirmala Sitharaman's speech in Lok Sabha on February 1, 2023. There were minor changes in the basic customs duties, cesses and surcharges on some items including Toys, Bicycles, Automobiles and Naphtha.

FOR MORE DETAILS VISIT --> CLICK HERE

[impexcube]

Import Duty Calculator in India

We at Impexcube have launched free Customs Duty Structure for Imports & Exports.

Captcha or Password not required to access our Duty Structure

Use this quick tool to view import duty & taxes with updated Notification number & Serial numbers.

While accessing the Duty Structure you will be required to enter the RITC / Product and Country.

Based on the RITC, you can get CCR & Single window details, FTA details like Notification No & serial number with relevenat supporting documents codes also.

Duty Rates shown are now fast and easy to find and integrating services into your business system has never been easier.

View Duty Structure

[seair04]

Effortlessly calculate customs duties with Seair's Custom Duty Calculator. Our powerful tool simplifies the process of determining import/export duties, making international trade easier than ever before. Try Seair's Custom Duty Calculator today and take the hassle out of customs clearance.

For More contact:-

Website= https://www.seair.co.in/Custom-Duty.aspx

Email= info@seair.co.in

Call :- +91 9990837766

[masllp]

Payroll Processing in India by MAS LLP: Streamlining Your Business Operations

In today’s fast-paced business environment, efficient payroll management is essential for any organization. Payroll processing involves managing employee salaries, benefits, taxes, and deductions, making it a complex and time-consuming task. For businesses operating in India, outsourcing payroll processing to professional services like MAS LLP can offer immense benefits, allowing you to focus on your core business while ensuring compliance with local regulations.

What is Payroll Processing? Payroll processing refers to the administration of employees' financial records, including salaries, bonuses, deductions, and net pay. It also encompasses tasks like generating payslips, managing leave entitlements, and ensuring timely tax payments. In India, payroll processing must adhere to various legal requirements, including labor laws, tax regulations, and statutory compliances such as Provident Fund (PF), Employee State Insurance (ESI), and professional tax.

Why Choose Payroll Processing in India by MAS LLP? MAS LLP is a trusted provider of payroll services in India, known for its efficient and accurate payroll management solutions. Here’s why MAS LLP is the right partner for your business:

Expertise in Local Compliance India’s payroll system is governed by multiple laws and regulations that vary across states. MAS LLP’s team of payroll experts ensures your business stays compliant with all statutory requirements, reducing the risk of fines and legal complications.

Customized Solutions MAS LLP understands that every business has unique payroll needs. They offer tailored payroll processing solutions that fit the size and scope of your business, ensuring seamless operations without unnecessary costs.

Cutting-Edge Technology With the integration of modern payroll software, MAS LLP provides automated payroll services that minimize errors and ensure data security. Their technology-driven approach enables real-time reporting, helping businesses monitor their payroll activities efficiently.

Cost-Effective Services Managing payroll in-house can be resource-intensive, requiring dedicated staff and software tools. Outsourcing payroll processing to MAS LLP helps reduce overhead costs while ensuring professional management of your payroll functions.

Focus on Core Business By outsourcing payroll tasks to MAS LLP, companies can redirect their focus toward strategic growth and core operations, rather than being bogged down by administrative duties.

Key Payroll Services Offered by MAS LLP MAS LLP offers a comprehensive range of payroll services, including:

Salary Calculation and Disbursement: Timely calculation and payment of employee salaries, bonuses, and incentives. Tax Management: Handling employee income tax, TDS (Tax Deducted at Source) calculations, and filing returns. Statutory Compliance: Management of Provident Fund (PF), Employee State Insurance (ESI), and other statutory deductions. Payslip Generation: Providing detailed and compliant payslips to employees. Leave and Attendance Management: Accurate tracking and integration of employee leave and attendance into payroll. Employee Data Management: Maintaining up-to-date employee records for payroll and statutory purposes. The Importance of Accurate Payroll Processing in India Accurate payroll processing is critical for employee satisfaction, legal compliance, and financial health. Errors in payroll can lead to dissatisfaction among employees, tax penalties, and damage to your company's reputation. By partnering with MAS LLP, businesses in India can ensure that their payroll is handled with precision, avoiding any potential pitfalls.

Why Payroll Processing is a Challenge in India India's payroll landscape is complicated due to:

Diverse Labor Laws: Each state in India has its own labor regulations, which makes staying compliant a complex task. Frequent Changes in Tax Laws: Payroll processing involves staying up-to-date with frequent changes in tax rates, deductions, and statutory compliances. Cultural Nuances: Payroll needs to reflect various allowances and benefits specific to Indian employees, making it more intricate than in many other countries. MAS LLP helps businesses navigate these challenges effortlessly, ensuring smooth payroll operations.

Conclusion For businesses operating in India, efficient payroll processing is crucial for legal compliance and employee satisfaction. By partnering with MAS LLP, companies can access expert payroll services that streamline their operations, reduce administrative burdens, and ensure accurate and timely payroll management.

[leifgrandeduchesse]

King George II of the Hellenes and Joyce Brittain-Jones.

“During the latter part of his exile he had developed a strong attachment towards an English woman J—[Joyce Brittain-Jones] whom he had met while on a visit in India as the guest of the Viceroy, Lord Willingdon. King George's sentiments were reciprocated by this extremely attractive and highly intelligent lady, but though the relationship helped to fill the emotional vacuum in his life and was to endure until his death, the need to keep it secret imposed an additional strain. [...] Although King George had fought tenaciously for his constitutional right to return to Greece at the end of the war, his efforts had been a compulsion of duty rather than a labour of love. The thought of being plunged once again into the soul-destroying arena of political strife that he could still remember from before the war, added to the strains and bitter disappointment of the recent years, was a prospect too painful for him to contemplate. [...]”

“There was another consideration: his emotional attachment to J—, the Englishwoman who had been sharing his life for some years now, had become an increasingly important factor in his calculations, and he was no longer prepared passively to contemplate a future in which this relationship could only continue furtively and intermittently as in the past. What he now yearned for was to be able to abandon the turmoil and the responsibilities of high office and be free to lead the quiet and dignified life of an English gentleman to which his character and temperament made him ideally suited. [...]”

King George II died from heart failure brought on by coronary thrombosis on 1 April 1947, aged fifty-six.

“The death of King George was so sudden and unexpected that the news was received with incredulity at first - some people thought it was a sick April Fool's Day joke, others who heard the church bells tolling in the afternoon thought they were for the Oecumenical Patriarch, who had been lying gravely ill in an Athens clinic for some days. [...] After lying in state in the Cathedral for three days King George's body was taken to Tatoi for burial. It is a tradition initiated by King George I when he bought the estate that all members of the Royal family should choose for themselves the precise spot in the grounds where they wish to be laid to rest. It is also a tradition that the reigning monarch shall place a stone each year on the spot he has chosen for himself. King George had followed this custom, selecting a quiet shaded place under the trees not far from the tiny chapel on the hill-top and it was to this spot that his body was brought on 6 April. Only the members of the family were present for the simple burial service, but when the moment came to lower the coffin into the ground [Queen] Frederica looked round, searching for someone. She went over to where J—, who had been brought from London for the funeral by Princess Marina, was standing discreetly in the background; putting her arm around her, Frederica helped the weeping woman to the graveside among the members of the family.”

Source: No Ordinary Crown by Stelio Hourmouzios

[massfreightforwarding]

Car Shipping Services from UAE to India: Seamless International Vehicle Transportation

With the increasing movement of people and goods between the UAE and India, the demand for reliable car shipping services has grown significantly. Whether you’re relocating, selling a vehicle, or sending your car to loved ones, professional car shipping services between these two nations offer a hassle-free and efficient solution. These services are tailored to handle all the complexities of international car transport, ensuring your vehicle reaches its destination safely and on time.

Why Ship Your Car from UAE to India?

Shipping a car from the UAE to India is often the preferred choice for individuals and businesses due to several reasons:

Relocation: Many expatriates moving from the UAE to India prefer to bring their cars along, especially if the vehicle holds sentimental value or meets their specific requirements.

Cost-Effectiveness: High-end vehicles are often more affordable in the UAE compared to India, making it financially viable to purchase a car in the UAE and ship it to India.

Specialized Vehicles: Importing rare or customized cars that are not readily available in India is another common reason for shipping vehicles.

Gifting or Selling: Individuals often send vehicles as gifts or for resale purposes, given the increasing demand for foreign-manufactured cars in India.

Modes of Car Shipping from UAE to India

Shipping a car internationally involves choosing the right transportation method based on your needs, budget, and preferences:

Roll-On/Roll-Off (RoRo) Shipping:

RoRo shipping is a cost-effective and straightforward method where vehicles are driven directly onto a specialized ship.

Ideal for operational cars, it involves no additional packaging, making it faster and more economical.

However, vehicles are exposed to external elements during transit.

Container Shipping:

This method provides maximum protection by placing the car inside a sealed container.

It is a preferred choice for luxury, vintage, or delicate vehicles that require extra care.

Clients can choose between sharing a container with other cars (cheaper) or opting for a dedicated container (more secure and private).

Air Freight (For High-Value Cars):

While expensive, air freight offers the quickest and most secure mode of shipping, ideal for time-sensitive or high-value shipments.

Steps in the Car Shipping Process

Shipping a car from the UAE to India involves multiple steps to ensure smooth transit and compliance with regulations:

Documentation:

Accurate paperwork is critical for international car shipping. Required documents include:

Proof of ownership (car registration certificate)

Invoice or bill of sale

Passport and visa details of the owner

Customs clearance forms

Import permits and approvals are necessary for vehicles entering India.

Vehicle Preparation:

Clean the car thoroughly to ensure it passes inspection.

Remove personal belongings, as shipping regulations typically prohibit them.

Check the vehicle for mechanical issues and ensure the fuel tank is only partially filled (usually less than a quarter).

Customs Clearance:

Customs procedures must be completed at both the UAE and Indian ports.

Duties, taxes, and import tariffs are calculated based on the vehicle’s value, make, and age.

Vehicles older than three years are typically restricted under Indian import laws.

Transport and Delivery:

Once loaded onto the carrier (RoRo or container), the vehicle is shipped to the destination port in India.

After arrival, final inspections and paperwork are completed before the car is delivered to its designated location.

Cost Factors in Car Shipping

Several factors influence the cost of shipping a car from the UAE to India:

Vehicle Type and Size: Larger vehicles occupy more space and may incur higher charges.

Shipping Method: RoRo is generally more affordable, while container shipping and air freight are costlier.

Customs Duties and Taxes: Import duties in India can range from 100% to 200% of the car’s value, depending on its make, model, and engine size.

Distance to Destination: Additional transportation costs may apply if the vehicle needs to be delivered inland from the port.

Insurance: Comprehensive insurance is recommended for added peace of mind, especially for high-value cars.

Why Choose Professional Car Shipping Services?

Navigating the complexities of international car shipping requires expertise and precision. Professional shipping companies ensure a seamless experience by:

Handling all paperwork and customs formalities.

Providing options for secure and timely transportation.

Offering end-to-end tracking for your vehicle’s journey.

Ensuring your car is transported safely, minimizing risks of damage during transit.

Mass Logistic: Your Trusted Partner for Car Shipping from UAE to India

Mass Logistic specializes in providing efficient and reliable car shipping services from the UAE to India. With a strong network of partners and years of experience in international shipping, the company ensures a stress-free process for its clients. From selecting the best shipping method to handling customs clearance and delivery, Mass Logistic manages every step with professionalism and care.

The team at Mass Logistic prioritizes customer satisfaction by offering customized solutions that cater to diverse needs. Whether you’re shipping a standard car, a luxury vehicle, or a classic model, your car’s safety and timely delivery are guaranteed. Choose Mass Logistic for a seamless car shipping experience from the UAE to India.

[courierduniablog]

Medicines Courier from India to Zambia | Complete Charges Details

If you need Indian medicines in Zambia, simply visit our website. We provide a seamless India to Zambia Medicine Courier service that guarantees timely and safe deliveries. At Courier Dunia, we have years of experience in international medicine courier services, ensuring that all shipments comply with stringent global shipping regulations.

Reliable International Medicine Courier Services

Our International Medicine Courier service is designed to meet the specific needs of shipping healthcare products across borders. Whether it's prescription medications, over-the-counter treatments, or specialized healthcare items, we ensure that your shipments are handled with care and comply with all international regulations. With Courier Dunia, you can rest assured that your medical packages will be delivered safely and on time to Zambia.

Why Choose Courier Dunia for Sending Medicines from India to Zambia?

Door-to-Door Service: We offer convenient door-to-door international courier services in India, providing a hassle-free pickup from your location and delivering it directly to your recipient in Zambia.

Regulatory Compliance: Shipping medicines internationally requires specific documentation and regulatory adherence. At Courier Dunia, we are experts in navigating both Indian and US customs regulations, ensuring a smooth shipment process and preventing any delays or issues at customs.

Temperature-Controlled Shipping: Some medications require specific temperature conditions. Courier Dunia offers temperature-controlled shipping solutions to ensure that your medicines remain effective and safe during transit.

Specialized Handling of Medical Shipments: We have extensive experience in shipping medicines. Our team ensures that your medicines are packed securely and shipped under strict guidelines, ensuring compliance with all regulations for India to Zambia Medicine Shipping.

Medicine Courier Charges from India to the Zambia 

Take advantage of our discounted prices to send medicine courier to Zambia! We offer up to 50% savings on shipping charges. Use our International Courier Charges Calculator to get an exact cost estimate and book your shipment today to benefit from these savings.

Tips for Smooth Customs Clearance of Medicine Courier from India to the Zambia

Send a Maximum of 3 Months' Supply: You can only send a 90-day supply of prescribed medicines.

Ensure Valid Expiry Dates: Only send medicines with a valid expiration date.

Match Prescription and Invoice: The names of the medicines must exactly match the doctor's prescription and the chemist's invoice.

Accurate Quote: Share the recipient’s postal code in Zambia for an accurate shipping quote, or use our International Medicine Courier Charges Calculator for Zambia.

Conclusion

In conclusion, whether you need to send medicines or any other items, Courier Dunia is your reliable partner for International Courier in India. With our expertise, affordable rates, and commitment to safety, we ensure your shipments reach Zambia on time and in perfect condition. Trust us for all your international shipping needs, and experience seamless service every step of the way

Frequently Asked Questions

1. How can I send medicines from India to Zambia?To send medicines from India to Zambia, gather the required documents such as a prescription, purchase bill, and KYC of both sender and recipient. Use a reliable courier like Courier Dunia, securely package the medicines, and ensure you follow Zambia import rules for medicines.

2. Are there customs duties for sending medicines to Zambia?Yes, customs duties may apply when you ship medicines from India to Zambia. Courier Dunia helps you navigate these charges and ensures your shipment goes through smoothly.

3. Are there any restrictions on sending medicine couriers to Zambia?Yes, certain medications are restricted. Courier Dunia recommends that you avoid shipping controlled substances and follow the Zambia customs guidelines carefully.

4. How long does it take to deliver medicines from India to Zambia?The medicine courier from India to Zambia usually takes 10-12 days, depending on the courier service and customs clearance processes.5. What is the cost of shipping medicines from India to Zambia?The cost of shipping medicines from India to Zambia varies depending on the weight, delivery speed, and type of medication. Contact us with package details to receive an accurate quote or use our online rate calculator.

[sandhri123]

🚚 Essential Documents for Importing Auto Parts from India 📄

Planning to import auto parts into India? Make sure you have the following crucial documents ready for a seamless process:

1️⃣ Importer Exporter Code (IEC) A must-have for all importers, this code is issued by the Directorate General of Foreign Trade (DGFT) and serves as a unique identifier for your business in customs.

2️⃣ Business Registration Certificate This document verifies that your business is legally registered in India, providing legitimacy to your operations.

3️⃣ Import License Depending on the type of auto parts, you may need an import license. This grants you permission to import specified goods and ensures compliance with local regulations.

4️⃣ Bill of Lading Issued by the shipping company, it serves as proof of the contract of carriage and details the goods being shipped.

5️⃣ Commercial Invoice A detailed bill from the supplier that includes information about the goods, their value, and payment terms—essential for customs clearance.

6️⃣ Packing List This document lists the shipment's contents, dimensions, weight, and packaging details, helping customs officials verify the shipment.

7️⃣ Certificate of Origin Certifies the manufacturing origin of the goods, which may be required for customs duty calculations.

8️⃣ Quality Compliance Documents Certain auto parts may require additional compliance certificates to meet Indian safety and quality standards.

9️⃣ Insurance Certificate Provides proof that the shipment is insured against loss or damage during transit.

📞 Need assistance navigating the import process? Sandhri Associates is here to help you with the documentation and ensure a smooth import experience!

[sohammaint]

Advance Authorisation Scheme vs. EPCG Scheme: What’s the Difference?

When it comes to promoting exports, India has set up several schemes to facilitate and incentivize corporations. Among these, the Advance Authorisation Scheme and the Export Promotion Capital Goods (EPCG) Scheme stand out as important equipment for exporters. While both schemes aim to decorate export competitiveness, they fluctuate appreciably of their structures, eligibility criteria, and benefits. In this weblog, we can explore the important differences between the Advance Authorisation Scheme and the EPCG Scheme, helping businesses determine which choice is ideal for their wishes.

1. Understanding the Schemes

Advance Authorisation Scheme is designed to allow exporters to import inputs and uncooked substances duty-loose, which can be vital for generating goods with a view to be exported. This scheme pursuits to reduce the value of production for exporters, thereby boosting their competitiveness within the international marketplace.

On the other hand, the difference between Advance Authorisation and EPCG permits import of capital goods at zero customs responsibility for generating items to be exported. The number one consciousness of this scheme is to inspire modernization of manufacturing centers and decorate performance by permitting the import of advanced machinery and equipment.

2. Key Differences in Purpose

Purpose of Advance Authorisation Scheme:

Aims to guide exporters by means of lowering the price of uncooked substances required for generating goods supposed for export.

Purpose of EPCG Scheme:

Focuses on enhancing production capability and performance by way of facilitating the import of capital items.

3. Eligibility Criteria

Understanding the eligibility criteria is essential when thinking about the 2 schemes:

Advance Authorisation Scheme Eligibility:

Available to producer exporters and service provider exporters.

Requires a dedication to fulfill export duties based totally at the responsibility saved through responsibility-free imports.

EPCG Scheme Eligibility:

Open to producers and provider companies engaged in export sports.

Applicants must demonstrate a need for capital items so one can beautify their production talents and fulfill export obligations.

4. Key Benefits Comparison

The benefits provided by means of each scheme range, making it crucial for exporters to evaluate which aligns better with their business dreams.

Advance Authorisation Scheme Benefits:

Duty-Free Imports: Import of uncooked substances without customs duty.

Cost Reduction: Reduces the overall production fee, taking into consideration aggressive pricing in global markets.

Flexibility in Exports: Allows exporters to select the substances they want for production.

Advance Authorisation vs EPCG benefits: 

Zero Customs Duty: Import capital goods without customs obligation, selling modernization.

Longer Export Obligation Period: Provides an extended time frame (up to 6 years) to satisfy export obligations.

Increased Production Capacity: Enables organizations to enhance their production capacity and fine.

5. Obligation and Compliance

Both schemes impose unique obligations on exporters, but the nature and conditions fluctuate:

Advance Authorisation Scheme Compliance:

Exporters need to export finished items that use the responsibility-free imported inputs inside a special time frame (generally 18 months).

EPCG Scheme Compliance:

Importers must fulfill export responsibilities equal to 6 instances of the responsibility stored, typically within 6 years from the date of issuance of the EPCG authorization.

6. Calculation of Duty Savings

Duty Calculation in Advance Authorisation:

Based on the inputs imported duty-free and the corresponding export cost.

Duty Calculation in EPCG Scheme:

Calculated based totally on the whole duty saved on imported capital items.

7. Choosing the Right Scheme

When finding out between the Advance Authorisation Scheme and the EPCG Scheme, agencies have to don't forget numerous elements:

Nature of Business: Companies that specialize in uncooked material imports for instant export production may benefit greatly from the Advance Authorisation Scheme, whilst the ones trying to put money into equipment for lengthy-term manufacturing might select the EPCG vs Advance Authorisation eligibility.

Production Capacity Needs: If the objective is to modernize production competencies, the EPCG Scheme is extra suitable. Conversely, if decreasing on the spot production fees is a priority, the Advance Authorisation Scheme has to be considered.

Both the Advance Authorisation Scheme and the EPCG Scheme play critical roles in enhancing India's export potential. While they share the common aim of promoting exports, their goals, eligibility standards, and advantages cater to unique factors of the export technique. Understanding the distinction between Advance Authorisation and EPCG can help exporters make knowledgeable decisions and pick the scheme that satisfactorily aligns with their commercial enterprise techniques.

Whether choosing the Advance Authorisation Scheme or the EPCG Scheme, groups can appreciably enhance their operational performance and export competitiveness in the modern-day dynamic worldwide marketplace.

[news365timesindia]

[ad_1] As per the Regulation 30 of the SEBI Listing Regulations CRISIL Ratings Limited has assigned CRISIL AAA/ Stable rating to INR 1,60,000 crore Fixed Deposits of IDFC FIRST Bank.Further CRISIL has reaffirmed CRISIL AA+ / Stable rating and CRISIL A1+ rating to the Tier II bonds (under Basel III) of the bank amounting to INR8000 crore and Certificate of Deposits amounting to Rs.45,000 crores respectively.About IDFC FIRST BankIDFC FIRST Bank is a new age Universal Bank in India built on the foundations of Ethical Banking, Digital Banking, and Social Good Banking. We are building a world class bank in India.As part of the Bank's ethical banking approach, it applies a "Near and Dear" Test to its products, so that the employees of the Bank serve only such products theyd want for their own loved ones. It believes income earned unethically is not worth earning.Therefore, the Bank avoids complicated descriptions, calculations, and legalese that customers don't understand. It abolished all charges on Savings Accounts including for Debit Cards, IMPS, RTGS, NEFT, Cash Deposit, "Non-Home branch" access, Cash withdrawals at ATMs and at branches, 3rd party transaction charges at branches, SMS Alert, Cheque book, Demand Drafts, Pay-order, duplicate statement, and all such services that are usually charged in the market. It follows the principle that it won't touch its customers' bank account for one reason or other. It is the first and only bank in India till date to do so. This applies for all variants of savings accounts including Rural Savings accounts with minimum monthly balance of only Rs. 5000/- and for urban savings account with minimum monthly balance of Rs. 10000/- IDFC FIRST Bank is the first bank in India to offer monthly credit on savings accounts. The credit cards have no hidden charges. It offers Lifetime Free without minimum spend conditions, never-expiring rewards points, zero interest on cash withdrawal at ATMs, dynamic low APR and much more. Fees if any are transparent and described neatly in a manner a common person can understand. Every product offered by the bank is highly customer friendly, most often the best in the industry.As part of technology led banking, the Bank has built a modern technology stack and has built an advanced mobile app with 250+ features such as Goal based investing, MF investment assistance, electric-speed payments, Account Aggregator, MF Aggregator, Personal Finance Manager, Auto categorisation of spends, single app for personal and business banking, UPI on Credit Cards, travel and shop, bill and recharges, deals and reward redemptions, which offer great convenience to the customers. For business customers the Bank offers on-the-go bulk payments, ability to pay income tax, GST, customs duty, and connected banking with ERP solutions.As part of the Social Banking theme, the Bank's business model is naturally geared to social banking. It has developed unique capabilities for financing bottom of pyramid customers with consistently high asset quality. The Bank has financed over 40 million customers including 0.3 million SMEs, 0.9 million livelihood (cattle loans), 16 million lifestyle improvement loans (for laptops, washing machine, etc.), 1 million sanitation loans (toilets, water fittings), 6.5 million mobility loans (2-wheelers and cars), and home financing (over 100,000 homes), and 15 million loans to 4.3 million women-entrepreneurs. It also offers other retail and rural loans such as Kisan Credit Cards, harvest financing, gold loans etc.IDFC FIRST Bank is a Universal Bank, and offers end to end Corporate Banking, Trade Finance such as issuance of LCs & BGs, SBLC, Packing Credit, Pre-shipment and Post-shipment Finance, Treasury products including risk hedging solutions like Forwards, Swaps, Options, and other Forex Solutions, SME Banking, Wealth Management, NRI banking, Cash Management, Nostro & Vostro account operations, Escrow facilities, Correspondent Banking, Fastag, Toll-acquiring, Dealer Finance and Purchase/Sales Invoice discounting.

[news365times]

[ad_1] As per the Regulation 30 of the SEBI Listing Regulations CRISIL Ratings Limited has assigned CRISIL AAA/ Stable rating to INR 1,60,000 crore Fixed Deposits of IDFC FIRST Bank.Further CRISIL has reaffirmed CRISIL AA+ / Stable rating and CRISIL A1+ rating to the Tier II bonds (under Basel III) of the bank amounting to INR8000 crore and Certificate of Deposits amounting to Rs.45,000 crores respectively.About IDFC FIRST BankIDFC FIRST Bank is a new age Universal Bank in India built on the foundations of Ethical Banking, Digital Banking, and Social Good Banking. We are building a world class bank in India.As part of the Bank's ethical banking approach, it applies a "Near and Dear" Test to its products, so that the employees of the Bank serve only such products theyd want for their own loved ones. It believes income earned unethically is not worth earning.Therefore, the Bank avoids complicated descriptions, calculations, and legalese that customers don't understand. It abolished all charges on Savings Accounts including for Debit Cards, IMPS, RTGS, NEFT, Cash Deposit, "Non-Home branch" access, Cash withdrawals at ATMs and at branches, 3rd party transaction charges at branches, SMS Alert, Cheque book, Demand Drafts, Pay-order, duplicate statement, and all such services that are usually charged in the market. It follows the principle that it won't touch its customers' bank account for one reason or other. It is the first and only bank in India till date to do so. This applies for all variants of savings accounts including Rural Savings accounts with minimum monthly balance of only Rs. 5000/- and for urban savings account with minimum monthly balance of Rs. 10000/- IDFC FIRST Bank is the first bank in India to offer monthly credit on savings accounts. The credit cards have no hidden charges. It offers Lifetime Free without minimum spend conditions, never-expiring rewards points, zero interest on cash withdrawal at ATMs, dynamic low APR and much more. Fees if any are transparent and described neatly in a manner a common person can understand. Every product offered by the bank is highly customer friendly, most often the best in the industry.As part of technology led banking, the Bank has built a modern technology stack and has built an advanced mobile app with 250+ features such as Goal based investing, MF investment assistance, electric-speed payments, Account Aggregator, MF Aggregator, Personal Finance Manager, Auto categorisation of spends, single app for personal and business banking, UPI on Credit Cards, travel and shop, bill and recharges, deals and reward redemptions, which offer great convenience to the customers. For business customers the Bank offers on-the-go bulk payments, ability to pay income tax, GST, customs duty, and connected banking with ERP solutions.As part of the Social Banking theme, the Bank's business model is naturally geared to social banking. It has developed unique capabilities for financing bottom of pyramid customers with consistently high asset quality. The Bank has financed over 40 million customers including 0.3 million SMEs, 0.9 million livelihood (cattle loans), 16 million lifestyle improvement loans (for laptops, washing machine, etc.), 1 million sanitation loans (toilets, water fittings), 6.5 million mobility loans (2-wheelers and cars), and home financing (over 100,000 homes), and 15 million loans to 4.3 million women-entrepreneurs. It also offers other retail and rural loans such as Kisan Credit Cards, harvest financing, gold loans etc.IDFC FIRST Bank is a Universal Bank, and offers end to end Corporate Banking, Trade Finance such as issuance of LCs & BGs, SBLC, Packing Credit, Pre-shipment and Post-shipment Finance, Treasury products including risk hedging solutions like Forwards, Swaps, Options, and other Forex Solutions, SME Banking, Wealth Management, NRI banking, Cash Management, Nostro & Vostro account operations, Escrow facilities, Correspondent Banking, Fastag, Toll-acquiring, Dealer Finance and Purchase/Sales Invoice discounting.

[pankajbansal89newspatrolling]

What is the difference between custom duty and excise duty?

BY: Pankaj Bansal , founder at newspatrolling.com

The key difference between customs duty and excise duty lies in the type of goods they apply to and the stage at which they are levied:

1. Customs Duty:

Definition: Customs duty is a tax imposed on goods when they are imported into or exported out of a country.

Applicability: It applies to goods crossing international borders.

Purpose: Its primary purposes are to regulate trade, protect domestic industries from foreign competition, and generate revenue for the government.

Types: It includes various sub-categories like import duty, export duty, and anti-dumping duty.

Example: If a company imports raw materials from another country, it may have to pay customs duty based on the value and category of the goods.

2. Excise Duty:

Definition: Excise duty is a tax levied on goods produced or manufactured within a country.

Applicability: It applies to goods produced for domestic consumption.

Purpose: The main purpose of excise duty is to raise revenue for the government and sometimes to control the consumption of certain goods (like tobacco and alcohol).

Types: It includes specific excise duties (on certain goods) and ad valorem excise duties (based on the value of goods).

Example: If a company manufactures cigarettes or alcohol within a country, it may have to pay excise duty on the products.

In summary:

Customs duty is applied to imported or exported goods.

Excise duty is applied to goods manufactured domestically for consumption within the country.

Customs Duty:

Legal Framework: Customs duties are governed by international trade agreements and the customs laws of the respective country. In India, for example, the Customs Act of 1962 and the Customs Tariff Act of 1975 regulate customs duties.

Types of Customs Duty:

Basic Customs Duty (BCD): This is the standard duty charged on goods that are imported or exported.

Countervailing Duty (CVD): Imposed to offset subsidies provided to foreign exporters by their governments, ensuring a level playing field for domestic industries.

Anti-Dumping Duty: Charged when goods are imported at a price lower than their normal value in the exporting country, preventing dumping practices.

Safeguard Duty: Imposed to protect domestic industries from a sudden surge in imports that could cause injury to the local market.

Social Welfare Surcharge: Additional duty imposed for social welfare purposes in some countries, like India.

Calculation of Customs Duty: Customs duty is calculated based on the assessable value or transaction value of goods, which includes the cost, insurance, and freight (CIF) of the goods. This is then multiplied by the applicable rate of customs duty to arrive at the final amount.

Importance: Customs duty serves as a protective measure for local industries, regulates the flow of goods, and generates revenue. Additionally, it helps regulate the movement of goods, including prohibited or restricted items like narcotics and arms.

Excise Duty:

Legal Framework: In most countries, excise duty is levied under the Central Excise Act. However, in India, since the introduction of the Goods and Services Tax (GST) in 2017, most excise duties were subsumed under GST. Excise duty still applies to certain goods, such as petroleum, alcohol, and tobacco.

Types of Excise Duty:

Basic Excise Duty: This is the standard excise duty imposed on all manufactured goods.

Special Excise Duty: Imposed in addition to basic excise duty on specific goods.

Additional Excise Duty: Charged in place of sales tax on certain commodities like tobacco products and textiles.

Calculation of Excise Duty: Excise duty can be calculated based on:

Specific duty: A fixed amount is charged per unit of goods (e.g., per liter, per kilogram).

Ad valorem duty: This is charged as a percentage of the value of the goods.

Importance: Excise duty helps raise government revenue and control the production and consumption of goods considered harmful or luxury items (like tobacco and alcohol). It can also be used to encourage or discourage the production of certain goods within a country.

Key Differences at a Glance:

Aspect

Customs Duty

Excise Duty

Applies to

Goods imported/exported

Goods manufactured domestically

Stage of Levy

When goods cross international borders

During production or manufacture

Scope

International trade

Domestic goods

Purpose

Protect local industries, regulate trade

Generate revenue, regulate consumption

Example

Import duty on cars from another country

Excise duty on domestically produced alcohol

Global and Domestic Implications:

Customs Duty: High customs duties can discourage imports, leading to protectionism. Lower customs duties, often a result of free trade agreements (FTAs), can promote international trade.

Excise Duty: Excise duties on products like cigarettes and alcohol are often increased to reduce consumption due to their health impacts. In developing countries, excise duties can also be a significant source of revenue.

Both customs and excise duties play a critical role in a country’s fiscal policy and its approach to regulating trade and production.

[impexcube]

Duty Calculator in India

IMPEX Cube specialize in the integration of Indian Customs (EDI) Unit and also DGFT System based on specific corporate structure and take regional also national legal requirement into account. We ensure efficient customs operation and compliance with the legal framework. All in one platform for Customs & trade compliance database, graphical user interface (GUI), maintenance and support service in India.

We provide our customer with high Quality, web based, user friendly suite of software product which undergo continuous enhancements and development. we want to establish ” IMPEXCube ” as a global standard for quality in our area of expertise.

Benefit's of IMPEXCube :

Customs Online Filing : Anywhere Any Time access and centralize your branches.

Document Management System at share point for Internal / External Branches.

Check your Duty Calculator and CCR Compliance instantly.

Mandatory Document alert for e-sanchit compliance with amendment.

Automated for e-sanchit process in jobs.

Notification Alert for Benefits and FTA (Carotar 2020 rules).

15/6* Customer support for Customs filing.

[seair04]

Get the full information on custom Import Duty in India to calculate the import duty and taxes and also acquire accurate and relevant Custom Duty for 100+ countries hassle-free.

For More contact:-

Website= https://www.seair.co.in/Custom-Duty.aspx

Email= info@seair.co.in

Call :- +91 9990837766

[bharat2export]

How to Export Products from India: A Complete Step-by-Step Guide

Exporting products from India can open up a world of opportunities for your business, allowing you to access global markets and expand your reach. At Bharat2Export, we specialize in helping companies navigate the complexities of international trade. From offering global trade opportunities to reliable sourcing and logistics support, we ensure that every step of your export process is seamless. Whether you’re new to exporting or looking to streamline your current operations, this guide will walk you through how to export products from India efficiently and successfully.

Understanding the Export Process from India

Exporting products from India involves several key steps, from identifying market opportunities to handling paperwork, logistics, and compliance with regulations. Here’s a step-by-step breakdown of how to export products from India:

1. Identify Your Target Market

The first step to export products from India is to identify which countries have a demand for your products. Conducting thorough market research will help you determine which regions or countries are the best fit for your product, based on factors like demand, competition, and market entry barriers. Bharat2Export can assist you by offering global trade opportunities and helping you assess potential markets.

2. Get Your Business Registered as an Exporter

To legally export products from India, your business must be registered with the Directorate General of Foreign Trade (DGFT). You’ll need to apply for an Importer Exporter Code (IEC), which is a mandatory requirement for every exporter. Bharat2Export offers customized solutions to help guide businesses through this initial step, ensuring that your business meets all necessary legal and regulatory requirements.

3. Select the Right Product for Export

Choosing the right product to export is crucial. It’s important to understand the global demand for your product and ensure that it complies with the regulations in your target markets. At Bharat2Export, we offer reliable sourcing services to help you select the best products for export based on demand and profitability in different markets.

4. Find International Buyers

One of the most challenging parts of exporting is finding buyers in foreign markets. You can use online B2B platforms, participate in international trade fairs, or rely on Bharat2Export’s global trade opportunities to connect with trusted international buyers. With our extensive network, we help exporters connect with reliable buyers in different regions around the world.

5. Understand Export Pricing and Costing

Setting the right price for your product is crucial to competing in the global market. You need to consider factors such as production costs, shipping fees, customs duties, and taxes in both the origin and destination countries. Bharat2Export offers guidance on how to calculate competitive export prices that will ensure profitability while adhering to market conditions.

6. Documentation for Export

When you export products from India, proper documentation is critical. Key documents include the Commercial Invoice, Bill of Lading, Packing List, and Certificate of Origin. Bharat2Export provides customized solutions to assist with preparing and filing the necessary documentation to avoid any delays or compliance issues during the export process.

7. Shipping and Logistics

Efficient shipping and logistics are essential to the success of your export venture. You’ll need to decide on the right mode of transport (air, sea, or land) and handle logistics such as freight forwarding, warehousing, and customs clearance. Bharat2Export provides comprehensive logistics support to ensure that your products are delivered to their destination safely and on time, no matter where in the world your buyers are located.

8. Comply with Export Regulations

Each country has its own export regulations, and it’s important to ensure compliance to avoid penalties or shipment delays. India’s export regulations are governed by the Foreign Trade Policy (FTP), and certain goods may require additional certifications or licenses. Bharat2Export can help you navigate these regulations with ease, ensuring that your exports meet the necessary legal and compliance standards.

9. Payment and Risk Management

When exporting, it’s important to have a clear understanding of the payment terms and methods. Most exporters prefer payment methods such as Letters of Credit (LC) or advance payment to minimize risk. Bharat2Export offers solutions to help mitigate financial risks and ensure that payments are made securely.

10. After-Sales Support

Once you’ve successfully exported your products, providing after-sales support to your international buyers can enhance your reputation and lead to repeat business. At Bharat2Export, we believe in offering comprehensive support, even after the product has reached its destination. We help you stay connected with your buyers and offer solutions to manage post-export processes efficiently.

Conclusion: Your Export Success Starts with Bharat2Export

Exporting products from India is a multi-step process that requires careful planning, execution, and compliance. With Bharat2Export by your side, you can trust that every step of the export process will be handled professionally. From global trade opportunities to reliable sourcing, customized solutions, and logistics support, we provide all the resources you need to grow your business internationally. Start exporting with confidence — let Bharat2Export help you succeed on the global stage.

[goldbuyerz]

Selling Your Gold in Hyderabad? Here’s What You Need to Know

Selling gold can be a significant financial decision, especially if you want to take advantage of rising gold prices or need quick cash. In Hyderabad, the market for buying and selling gold is bustling with numerous options, making it important to find a trustworthy and reliable gold buyer. One such reputed buyer is Amruta Gold, known for its transparency, competitive rates, and customer-friendly service. If you’re considering gold buyers secunderabad, this guide will walk you through everything you need to know to get the best deal.

1. Understanding the Gold Market in Hyderabad

The first step in selling your gold is understanding how the gold market operates. Gold prices are influenced by various factors such as global economic conditions, currency exchange rates, and local demand. In India, the gold price is particularly affected by the international market, import duties, and domestic trends, including seasonal demand during festivals and weddings.

1.1. How Gold Prices are Determined

Gold prices in Hyderabad, as in other parts of India, fluctuate daily. The value of your gold is based on its weight (measured in grams) and purity (measured in karats). Factors that determine the price include:

Global gold rates: International economic conditions, including inflation and geopolitical events, influence gold prices.

Indian currency value: The fluctuation in the value of the Indian Rupee against the US Dollar can affect gold rates.

Local demand: Festivals, wedding seasons, and other cultural occasions increase the demand for gold, often pushing prices higher.

2. Why Sell Your Gold to Amruta Gold?

When choosing where to sell your gold in Hyderabad, trust and transparency should be your top priorities. Amruta Gold has established itself as one of the leading gold buyers in the city for several reasons:

2.1. Transparent and Fair Transactions

Amruta Gold prides itself on its transparency. Customers are provided with a clear breakdown of how their gold is evaluated, ensuring there are no hidden fees or unexpected deductions. This honest approach has earned the trust of many satisfied customers across Hyderabad.

2.2. Advanced Testing Methods

Using state-of-the-art technology, Amruta Gold tests the purity and weight of gold through non-destructive methods like X-ray fluorescence (XRF) analysis. This ensures a precise evaluation of the gold's value, allowing customers to get the best possible price.

2.3. Competitive Market Rates

Amruta Gold consistently offers some of the best rates for gold in Hyderabad. The prices are aligned with the current market rates, ensuring you get fair compensation based on the real-time value of your gold.

2.4. Instant Payment

If you need cash quickly, Amruta Gold makes the process seamless by providing instant payments once the gold is evaluated and the price is agreed upon. Payments can be made in cash, through bank transfers, or other preferred modes, ensuring convenience for the seller.

3. Steps to Sell Your Gold at Amruta Gold

The process of selling gold at Amruta Gold is simple and customer-friendly. Here’s how it works:

3.1. Consultation and Initial Evaluation

When you visit Amruta Gold, the staff will provide an initial consultation and explain the steps involved in evaluating your gold. The evaluation process is straightforward, with every detail clearly explained.

3.2. Purity and Weight Testing

Your gold will undergo thorough testing to determine its purity (karat level) and weight. Amruta Gold uses advanced techniques such as XRF analysis, which accurately assesses the gold content without damaging the jewelry.

3.3. Price Calculation

The value of your gold is calculated based on its purity, weight, and the current market price. The staff will explain how the price is determined, and you can compare it with the prevailing rates to ensure fairness.

3.4. Final Payment

Once the price is agreed upon, the payment is made instantly, allowing you to access the funds without any delay. The entire transaction is transparent, quick, and hassle-free.

4. Tips to Get the Best Price for Your Gold

To maximize your returns when selling gold, consider the following tips:

4.1. Know the Purity of Your Gold

The purity of gold is measured in karats, with higher karats indicating purer gold. Common karat levels include:

24K: Pure gold (99.9%)

22K: 91.6% gold

18K: 75% gold Understanding the karat level of your gold will give you an idea of its value. Amruta Gold provides accurate testing to confirm the purity, but having this knowledge beforehand can help you negotiate better.

4.2. Weigh Your Gold Before Selling

Weighing your gold before selling can give you an estimate of how much you should receive based on the current gold rate. Make sure the scale is calibrated accurately to avoid any discrepancies.

4.3. Compare Market Rates

Gold rates fluctuate daily, so it's important to check the current gold rate before selling. This will help you make an informed decision and avoid settling for a lower price. Amruta Gold follows the real-time market rates, ensuring you get a fair deal.

4.4. Sell During High-Demand Periods

Gold prices tend to rise during festivals, weddings, and other cultural events due to increased demand. If possible, time your sale during these high-demand periods to get a better price.

4.5. Avoid Deductions for Making Charges

Some buyers deduct making charges or other fees from the final payment. At Amruta Gold, there are no hidden deductions, and the payment reflects the actual worth of the gold based on its purity and weight.

5. Common Mistakes to Avoid When Selling Gold

To ensure you get the best value for your gold, avoid these common mistakes:

5.1. Selling Without Verifying Purity

Don’t sell your gold without verifying its purity. If the gold is of high quality (22K or 24K), it can fetch a higher price. Amruta Gold uses precise testing methods to ensure an accurate valuation.

5.2. Ignoring Hidden Fees

Some buyers may impose hidden fees for evaluating gold or other services. With Amruta Gold, there are no hidden charges, ensuring a transparent transaction.

5.3. Selling to Unreliable Buyers

Choosing an unreliable buyer can result in getting a lower price or facing unfair deductions. It's important to sell your gold to a trusted and established buyer like Amruta Gold, who has a track record of fair dealings.

6. Why Amruta Gold is the Best Choice for Selling Gold in Hyderabad

Amruta Gold stands out as the best choice for selling gold in Hyderabad because of its customer-centric approach, fair evaluations, and instant payments. The company’s commitment to transparency and ethical business practices ensures that you get the best value for your gold.

FAQs

1. What types of gold items can I sell to Amruta Gold? Amruta Gold accepts all types of gold items, including jewelry, coins, bars, and even old gold. The valuation is based on the purity and weight of the gold content.

2. How does Amruta Gold test the purity of gold? Amruta Gold uses X-ray fluorescence (XRF) analysis to test the purity of gold. This non-destructive testing method accurately determines the karat level without damaging the gold items.

3. Does Amruta Gold charge any fees for gold evaluation? No, Amruta Gold does not charge any fees for evaluating your gold. The entire process is free, and there are no hidden charges deducted from the final payment.

Conclusion

Selling second hand gold in Hyderabad can be a smooth and rewarding experience if you choose a reliable buyer like Amruta Gold. With transparent practices, competitive market rates, and instant payments, Amruta Gold ensures that you get the best deal for your gold. By understanding the market trends, knowing the purity of your gold, and following the tips in this guide, you can maximize your returns and sell your gold with confidence.

Contact:

Call : 9985300600 Email: amrutagoldpvtltd@gmail.com Visit Our Website: www.amrutagold.com