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For goods that are imported into the country, the government of India establishes the Customs Department of India and Prescribing Customs Exchange Rate. This is done through the Central Board of Excise and Customs (CBEC). The rates are fixed after considering the rate of trade that is established by the government of India with foreign … Read more
India has got a thriving trade and commerce regime with the world that is why it has a flourishing port at All Major Cities like Chennai with a List of Custom Ports in India. There are a number of shipping companies, which are offering their services at Chennai port for loading and unloading the cargoes. … Read more
Indian Income Tax Act 1961 makes it mandatory for all Indian companies and individuals to Withholding Tax Rates in India on all income earned by Foreign Companies / NRI from the Indian sources. With this law, the company has to inform the government on a quarterly basis about income and the amount of withheld tax. … Read more
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