Tax levied on selling internationally from india

[lalit_1406]

I want to sell Items from india to US.I just want to know apart from income Tax are there any other taxes levied as I would be exporting the items What is the Role of IEC code and since the payment is coming via paypal is it necesaary to register the business?

Thanks in Advance

[modenterprisespvtltd]

Dear Sir, The taxes palay major role in leagalising your international sales. If you are receiving money through Paypal it is not Mendatory to have IEC. But if your amount per consignment is more than Rs50000.00 the you need to have a customs registration and it is not possible without a valid IEC registration.

Regards.

[shettytushar9]

Hi modenterprisespvtltd,

                                               Thanks for the reply. I just wanted to that if the goods are Rs. 50k per consignment so when and how should I tax the taxes (export duty/tax)? Is it included in the shipping cost if I ship it through India Post or is there an other way? But it's good to know that I don't need IEC code to selling internationally if the amount per consignment is Rs. 50k or less. But I hope there won't be an issue withdrawing from PayPal if the amount is more than 50k. Do I have to get an FICR or such to get it transferred to my bank account? Thanks.