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INFORMATIONS

All about Merchandise Exports from India Scheme (MEIS)

Merchandise Exports from India Scheme is also known as MEIS scheme comes under Foreign Trade Policy of India (FTP 2015-20). Under Foreign Trade Policy of India (FTP 2015-20) two scheme has introduced one is Merchandise Exports from India Scheme (MEIS) and another one is Service Exports from India Scheme (SEIS). The rewards are given by way of duty credit scrips to exporters. The MEIS is notified by the DGFT (Directorate… Read More »All about Merchandise Exports from India Scheme (MEIS)

All about Software Technology Parks of India (STPI)

STPI is an abbreviated form of Software Technology Parks (STPI) of India which was established in 1991 as an autonomous society under the Ministry of Electronics and Information Technology). STPI is here to promote software exports from the country and has been implementing STP (Software Technology Park) scheme and EHTP (Electronics Hardware Technology Park) scheme for the promotion of IT/ITES industry. Software Technology Parks of India (STPI) center also adhere… Read More »All about Software Technology Parks of India (STPI)

All About Electronics Hardware Technology Park (EHTP) Scheme

EHTP is abbreviated form of Electronic Hardware Technology Park Scheme which is launched by the Ministry of Electronics and Information Technology, Government of India to encourage the entrepreneurs in establishing manufacturing units of the electronic hardware equipment. The EHTP scheme aims to promoting entrepreneurs in mounting Hardware Technology Parks anywhere in India for exporting their produced electronics goods. Various benefits and assistances are provided under the export-oriented scheme to increase… Read More »All About Electronics Hardware Technology Park (EHTP) Scheme

How to Close Project Office/Branch Office/Liaison Office

The establishment of Project Office/Branch Office/Liaison is regulated in terms of Foreign Exchange Management Act, 1999 -Section 6(6) with Foreign Exchange Management (Establishment in India of a BO (Branch Office) or a LO (Liaison Office) or a PO (Project Office) or any other place of business) Regulations, 2016. Business entities registered outside India can establish business operations in India without making & registering a subsidiary company. According to the RBI… Read More »How to Close Project Office/Branch Office/Liaison Office

All About FoSCoS

FoSCoS is abbreviated form of Food Safety Compliance System has been operational in nine States/UTs viz. Manipur, Puducherry, Ladakh, Tamil Nadu, Delhi, Gujarat, Odisha, Chandigarh, Goa w.e.f. 1st June 2020. Food Safety and Standards Authority of India (FSSAI) is now ready to extend FoSCoS to entire country w.e.f. 1st November 2020. Since 2011, the FSSAI’s online licensing platform known as FLRS (Food Licensing and Registration System) is the main source… Read More »All About FoSCoS

All About Export Oriented Unit Scheme

EOU scheme is abbreviation of Export Oriented Units (EOUs) scheme. The EOUs scheme introduced in early 1981 is complementary to the SEZ scheme. It adopts the same production arrangement provide a broad option in locations with reference to factors such as source of raw materials, ports of export, hinterland facilities, availability of technological skills, existence of an industrial base & the requirement for a larger area of land for the… Read More »All About Export Oriented Unit Scheme

How To Set Up Export Oriented Unit In India

Export Oriented Unit introduced in 1981, the Export Oriented Units (EOU) scheme having aim to enhance exports from India, to thereby increase foreign exchange earnings and generate employment. This scheme also complements other schemes like Free Trade Zone (FTZ) & Export Processing Zone (EPZ). The provisions of Chapter 6 of the Foreign Trade Policy and its process are applicable to EOU, as well as to Electronics Hardware Technology Parks (EHTPs),… Read More »How To Set Up Export Oriented Unit In India

Subsidiary Office Benefits in India

A foreign company can start operations in India by incorporating the subsidiary company under the Company Act, 2013. Subsidiary Office is treated as a domestic company under laws of Indian taxation and is eligible for all exemptions, deduction advantages as applicable to any other Indian Company. The Indian subsidiary company is a company whose interests are held and controlled by another company. Compare to Branch office and Liaison office, Indian… Read More »Subsidiary Office Benefits in India

Benefits of business in SEZ (Special Economic Zone)

A special economic zone (SEZ) is an area within a country that is subject to different economic rules and regulations than other regions within the same country.  Firstly, the primary objective of this SEZ policy was to enhance foreign investment in India and to provide a globally competitive and conducive environment for exports. Later, legislation was duly passed which allowed SEZs to provide tax breaks to the foreign investors. However,… Read More »Benefits of business in SEZ (Special Economic Zone)

LLPs and FDI in India

Limited Liability Partnership form of business in India comes under the Limited Liability Partnership Act, 2008 has become a popular form of business entity in India owing to its simplified process for registration & maintenance. LLPs allow many of the small and medium-sized to enjoy a separate legal entity, improve transferability and provide its promoters with limited liability protection. Limited Liability Partnership act as a hybrid entity with benefit of… Read More »LLPs and FDI in India