Import process for trading materials in INDIA

[Former Member]

Hi Gurus

May i kno the import process when we procure mobiles, load software in them and sell?

I have no idea of steps and config.

Thanks & Regards

Blue

[former_member201529]

Hi,

Both domestic and import process are same and the difference is the duties, kindly follow the below steps.

1. Create new document type for Import procurement and number range for easy identification.

2. Keep two different pricing procedure for import and domestic along with schema.

3. Keep condition type for  CVD, Customs, CESS and others.

4. Do MIRO for Customs duty and MIGO after stock reached you.

5. Do excise availment and do MIRO for vendor.

Hope it is clear...

Regards,

Karna J

[Former Member]

Hi Karunanithi

Thanx for such a quick reply.

You mean to say there is no difference if raw materials are procured for manufacturing or trading materials are procured and then sold.

Regards

Blue

[former_member201529]

Dear Blue,

There is no much difference, only difference for import process in custom, CVD duties will be involving.

Regards,

Karna J

[binoy_vargis1]

Ideally this is not pure trading as you are doing value addition by installing software in the mobile. Are you using the same material code for "Mobile without software" and "mobile with software". How will you identify the stock of "Mobile without software" and "mobile with software".

Regards

Binoy