Establishing an EXIM Unit: Procedure Overview

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mstakh.i.mo.mi
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Establishing an EXIM Unit: Procedure Overview

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To benefit from the incentives under the EXIM Policy, individuals or business units must register themselves as an EXIM unit. You must follow the steps given below to register as an EXIM unit:

You must register a company or firm.
You must then open a current account with an authorised bank in any foreign exchange.
The next step is to obtain a permanent account number (PAN) from the Income Tax Department followed by your Importer Exporter Code (IEC).
To gain benefits, the company must gain a registration and membership certificate (RCMC) from the Export Promotion Council (EPC).
You must also get all your risks covered by the ECGC with an insurance policy.
Incentives for Export Promotion
Several incentives are advocated by the government for exports. The tunisia phone number list incentives provided include the following:

RoDTEP Scheme (Rebate of Duties and Taxes on Exported Products): This scheme is available to all the exporters of this country. It strives to reimburse all the duties and taxes paid by manufacturers during the export process in the production sector. It concentrates on helping manufacturers to minimise costs that are linked with exporting goods and services boosting the country’s exports.
Service Export Incentive Scheme (SEIS): This incentive export scheme is meant to promote service exports from this country. It enhances the exchange rates and earnings of the country while also creating different employment opportunities for Indian citizens. Its merit is that it provides a reimbursement of up to 15% for their net foreign exchange earnings every financial year for all exporters.
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