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FAQs
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How do I get an import/export license in India to do business with China? What is the legal procedure, how long does it take, an
I can answer this question as I have just applied for iec as a individual /proprietor.You need following documents.1.current bank account, you need to give rs. 600 cheque from this account to buy class 2 digital signature from e Mudhra.2.photo I'd proof like voter card, aadhar card or driving license.3.pan cardHow to get digital signature certificate for iecAs per my recommendation e Mudhra dsc is cheap & best. You need following documents for getting digital signature certificate.Pan card with sign & firm stampPhoto ID with sign & stampEmudhra application form with passport photo of applicant with sign across, firm stamp & bank managers stamp & sign.Rs. 600 cheque from current account of applicant.Getting dsc may take approx 3-5 days. You will get it by courier.How to apply online for getting iec onlineGo to Google search, type '' iec online ''Go to first link of dgft.Apply for fresh application.Fill all your details as it as given in document.After filling all details you may need to pay rs.,500/- as a fees online. You can pay via netbanking or credit card or debit card.You may also need to upload your scan photograph not more than 5kb in size & in . Gif format only.You may also need to upload pan card copy in . Pdf or . Gif format not more than 5kb in size.You may need to submit scan copy of current bank account s cancel cheque & file size should not be more than 5kb &. Gif or Pdf format only.Now check all the spellings & address.Install Emudhra digital signature certificate by attach dingle to USB. Install software.You may also need updated java version. If you don't have, go to Google search, type updated java version . after updating java login to dgft site & submit your iec application through digital signature.Note :you don't need to send your documents to regional dgft offices.You need Internet Explorer as a browser to do all this process.Total cost for getting import export license in india is rs. 600for dsc & rs. 500 for licensing.Total rs. 1100.You don't need to renew your certificate ever.Ps. I am sharing as I am also budding importer.If you any questions, you can pm me.Big thanks to Mr. Kishan baraiWww.baraioverseas.com
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As a startup founder of three years our legal housekeeping is a bit of mess, how can I best setup a system to organize and track
As a startup founder of three years myself, I can relate to how legal housekeeping can be messy. Once a year, I have our own lawyers go through and do an audit of all of our legal paperwork (which costs a couple thousand dollars to be extremely thorough, but it’s worth it). Luckily, there are now many ways to easily manage and track all of your legal, financial, and HR documents via third-party sites that specialize in these management proceedings. I wrote a blog post about this awhile back titled “5 Ways to Save Time Dealing With Documents” which highlights certain sites that can be very beneficial depending on what paperwork you’d like to track or manage. They are as follows:1. GroupDocsGroupDocs is a new, comprehensive online service for document creation and management. It has multiple features, including a viewer for reading documents in your browser, an electronic signature service, an online document converter, a document assembly service, a feature for comparing different versions of a document, and an annotation feature. An individual plan is $10 per month for limited storage and 500 documents, while a group plan for up to 9 people is $19 per user per month. Based on the number of features and pricing, GroupDoc is a good-value purchase for a small business. As you’ll see below, GroupDocs can be cheaper than a service that offers only one such feature.2. signNowWhen you’re closing a deal and need to get documents signed, the last thing you need is a slow turnaround due to fax machine problems or the postal service. The solution is to use an electronic signature service such as signNow, which is one of the most popular e-signature companies in the world. This service allows you to email your documents to the person whose signature you need. Next, the recipient undergoes a simply e-signing process, and then signNow alerts you when the process is completed. Finally, signNow electronically stores the documents, which are accessible at any time. As a result, you can easily track the progress of the signature process and create an audit trail of your documents. The “Professional” plan is recommended for sole proprietors and freelancers, and costs $180 per year ($15 per month) for up to 50 requested signatures per month. The “Workgroup” plan is geared towards teams and businesses, and it costs $240 per user per year ($20 per month per user), for unlimited requested signatures.3. signNowsignNow is another e-signature service. Similar to signNow, signNow allows you to upload a PDF file, MS Word file or web application document. Next, you can edit the document, such as by adding initials boxes or tabs, and then email them out for signatures. Once recipients e-sign the document, signNow notifies you and archives the document. signNow offers low rates for these services: a 1-person annual plan with unlimited document sending costs $11 per month. An annual plan for 10 senders with unlimited document sending costs only $39 per month.4. ExariExari is a document assembly and contract management service that assists in automating high-volume business documents, such as sales agreements or NDAs. First, the document assembly service allows authors to create automated document templates. No technical knowledge is required; most authors are business analysts and lawyers. Authors have a variety of options for customizing documents, such as fill-in-the-blank fields, optional clauses, and dynamic updating of topic headings. They also can add questions that the end user must answer. Once you send out the document, the user answers the questionnaire, and Exari uses that data to customize the document. Next, the contract management feature allows you to store and track both the templates and the signed documents. Pricing is based on the size and scope of your planned implementation, so visit their website for more information.5. FillanyPDFIt’s a hassle having to print out PDF forms in order to complete them. Fortunately, FillanyPDF is a service that allows you to edit, fill out and send any PDFs, while entirely online. This “Fill & Sign” plan costs $5 per month, or $50 per year. If you subscribe to the “Professional” plan, you can also create fillable PDFs using your own documents. With this service, any PDF, JPG or GIF file becomes fillable when you upload it to the site. You can modify a form using white-out, redaction and drawing tools. Then, you can email a link to your users, who can fill out and e-sign your form on the website. FillanyPDF also allows you to track who filled out your forms, and no downloads are necessary to access these services. The “Professional” plan costs $49 per month, or $490 per year.Switching firms can be a hassle. As a former startup attorney, I have a bit of advice about finding the right attorney for your business: it’s best to focus on the specific attorney you’ll be working with. He or she should have a solid understanding of the ins and outs of your business industry, a deep knowledge of the legal issues your startup may face, and previous work experience with startups to ensure a quality and efficient work product. This is absolutely key when matching our startup clients at UpCounsel to attorneys on our platform who can perform their legal work and hash out their legal projects in a timely manner. We also allow clients to store any and all of their legal documents directly on UpCounsel so they don’t have to go searching in alternative places for the correct paperwork. It’s proven to be a free and lightweight way to store legal documents that our clients love. Here's what it looks like:As I’ve mentioned, it’s more important to find the right attorney as opposed to the right law firm. And seeing as you’re a startup, our own startup clients typically save an average of 50-60% on their legal work, since the attorneys don't include overhead fees (a.k.a. the fees included for doing business with the firm itself) in their invoices.Hope this gives you a deeper look into what other sites and services are out there. If you have any questions or would like more information on how best to handle your legal housekeeping/ attorney matters, feel free to signNow out to me directly. As a former startup attorney at Latham & Watkins, I’d be happy to give you some guidance.
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Which is the best CMS for managing, sharing and uploading tons of doc and pdf?
In my experience one of the problems of CMS (or DAM) software is the requirement to keep it up to date, and open source tends to require updating more often, and or more work involved in doing so. I used to use Wordpress, Moveable Type, and Drupal and others for blog type stuff, but now I find it easier to just use Blogger (the bar at the top can be removed, there is just an unobtrusive Blogger link at the bottom). So thinking along the same lines, hosted systems includeDropbox 2GB free (extendible by introducing friends)Rapidshare 10GB freeBoth have desktop software that enable drag and drop and look rather like an external disk. Another option - if you don't mind updating - is Moodle, an educational content management system which has fairly advanced file sharing/uploading capabilities and a way of connecting to Google docs, Amazon S3 storage, Dropbox repository and a variety of other repositories. Another thing I do is take screen shots of my files and post them to Flickr. I think that this gives people an idea of what is on offer.
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What's the procedure to obtain a class 2 medical certificate in India?
I had my class 2 medical assessment done in Kolkata last year-which I cleared with ease-and I would love to share my experience.The entire process takes a lot of time, which ensures a very long answer, but with that being said I can promise you with all the minor details, be patient and have a good read. But first some common questions which most people may ask in the comments and I won't be available to reply for another 1 year.When to apply?The best time is to apply a year before you plan to start flying. That means you must apply for it during your summer vacations if you plan to start f...
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How can I market my blog for free?
Some things I do:Use tags, meta tags and keywords so that your blog is more likely to be picked up in searchTweet links to new posts on Twitter and post as Status Updates (which now seem to be called Posts) on FacebookLeave appropriate comments on blogs similar to yours and link back to your blog. (This is only OK if it is done in the spirit of information exchange and discussion and is not self-promotional.)Syndicate your blog through some of the many content aggregators. (Will depend on your topic.) I syndicate through Social Media Today http://socialmediatoday.com/faq#... I used to do so through TalentZoo. This is not an automatic sign-up kind of deal. You have to convince someone your content is good enough for their readers. This might involve just a quick email linking to your blog and explaining why your content is worthwhile.Make sure you have Twitter Share and Facebook Like buttons (and others) on each blog post so that others can promote the blog for youMake sure your blog is in all of your social networking profiles, on your resume, in your presentations, on your business card (yeah, I still have 'em)
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What could get cheaper and costlier in the GST bill?
Luxury cars, FMCG products, consumer durables, electronics items and readymade garments will become cheaper once GST is rolled out next year, but mobile phones, banking and insurance services, telephone bills as well as air travel will be dearer due to higher tax. Under the new indirect taxes regime, likely to take effect from April 1, 2017, levy on manufactured goods will come down, while consumers may end up spending more as service tax burden would go up, as GST is a consumption based tax.While the government is sure of the benefits the Goods and Services Tax will bring to the common man, it says it is still early days to predict which items will become more expensive or cheap. “On the whole, GST will bring down the burden of taxes on common man. However, unless the rate structure is finalised, it is not possible to predict which items will get relief,” Revenue Secretary Hasmukh Adhia told PTI.Tax experts claim that the current practice of tax on tax — for example, VAT being charged on not just the cost of production but also on the excise duty that is added at the factory gate leading to cost build-up — will go once GST is rolled out. This will help bring down prices of a range of products — from FMCG to consumer durables and electronics to readymade garments.On the other hand, for goods which currently attract low rate of duty like small cars (excise duty of 8 per cent), the impact of GST will bring about a price hike. However, for SUVs and big cars that attract excise duty of 27-30 per cent, will see a marked drop in prices. Tax experts feel that all services, barring essential ones like ambulance, cultural activities, pilgrimages and sporting events that are exempt from levy, will become costlier as the present 14.5 per cent rate is likely to increase to 18-22 per cent.Therefore, eating out, travel, telephone bills, banking and insurance services, hiring cabs, broadband, movies, branded jewellery and popular sporting events such as IPL will become expensive. “We cannot predict specifically any such thing. Once the rate structure of various items is decided then only we can predict the items on which the tax will go up or come down,” Adhia said, when asked if tax on services like mobile bill payment will go up with GST.GST, hailed as the most powerful tax reform that India has seen, aims to do away with multiple-tax regime on goods and services and bring them under one rate. GST will alter the present system of production-based taxation to a consumption-based one. While manufactured consumer goods will become cheaper as the incidence of excise duty and VAT will come down from 25-26 per cent at present, the cost of services would by and large, go up from the present 15 per cent levels.Currently, a consumer pays 25-26 per cent tax over and above the cost of production due to excise duty (peak of about 12.5 per cent) and value added tax (VAT). While there is no indication of what the GST rate will be, experts put it between 18 and 22 per cent which will, in all likelihood, make basic goods cheaper. Certain essential items such as raw food articles are not taxed at present and are expected to remain out of GST.The key products that would witness price reduction under GST are luxury automobiles, processed food, FMCG and pharma products. Processed food will continue to be taxed, but the applicable GST is likely to be lower than the current combined tax on such products. Hence, expect these to become slightly cheaper. The services that may witness increase in cost are telecom, rent-a-cab, movies, music concerts and tickets for sports events like IPL, according to Mahesh Jaising, Partner, BMR & Associates LLP.Tax advisory firm Nangia & Co said essential services for mass consumption may see a lower rate as they may be kept in lower tax bracket. Investment management and insurance premiums, which attract a service tax now, may also become costlier with the higher rate of GST. “GST is a mixed bag for the telecom sector. Customers are presently paying 15 per cent on cell phones and data card, which may see an upward movement. However, DTH players and cable companies may see a reduction in cost of services,” said Nitish Sharma, Partner (Indirect Taxation) Nangia & Co.Economic Laws Practice Partner Rohit Jain said common man could see some price escalation in services, while the taxation of real estate sector needs some clarity. “For a common man, the cost of services may go up, but there will be a reduction of price of goods,” Jain said, adding that land should be kept out while calculating the tax for purchase of real estate property. The total levy paid in buying a real estate property from a builder currently is 7 per cent (5 per cent Service Tax plus about 1-2 per cent VAT).For FMCG and pharma products, the manufacturing hubs for such products are influenced by the excise/state incentive schemes. Under GST, the manufacturing locations may be readjusted from a commercial perspective and have an impact of prices of such goods. Goods attract an excise duty of 12.5 per cent and a VAT of 12.5-15 per cent depending on the state. Further, there are numerous cascading of taxes on account of levy of CST, input tax credit retention under the VAT laws, levy of entry tax/Octroi/ local body tax, etc till the time the product signNowes the end customer.A combined effect of these taxes lead to an effective incidence of indirect taxes in the range of 23-25 per cent for the consumer. “Under the GST regime, there would be a signNow reduction in the overall indirect tax cost and increased credit flow for the manufacturers. This reduction in indirect tax cost can lead to reduction in production cost and increase in base line profits, which would in turn give headroom for reducing prices for end-users,” Jaising said.Nangia & Co’s Sharma said GST would signNowly reduce logistics costs across the value chain and lead to improved margins as a result of lower transportation costs. ICRA, in a report said, that the tax base would widen under the GST regime to cover the unorganised sector, thereby protecting the Governments’ revenues. This could also lead to the organised sector gaining an edge in sectors which have a strong presence of unorganised players. “The GST rate applicable to services is expected to be higher than the current service tax rate, thereby offsetting the revenue loss from organised sector manufactured goods. However, this may have an adverse impact on demand for services,” ICRA said.
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