Foreign trade in India is regulated by the Foreign Exchange Management Act, 1999 and Customs Act, 1962. In order to engage in foreign trade, a business entity must have thorough knowledge of these laws. We have experts aboard our team who specialize in interpreting the various laws to render the following services in regard to Customs duty –
Advisory on the applicability and levy of Customs duty and foreign currency remittances
Obtaining registration
Periodic compliance management
Legal tax planning
Representation services