global it services
TRANSCRIPT
WELCOME TO GLOBAL IT SERVICES
WELCOME TO IMPORT & EXPORT BENEFIT SERVICES
We provide a full spectrum of Custom software including web app and mobile application development. Our Offering cover all stages of software development life cycle: from business analysis, design, and prototyping to the actual development, Quality Assurance and post-project maintenance and support.
ABOUT US
http://www.globalitservices.coPH – 02064100447 / [email protected], FortunA , Opp- Rainbow Plaza,Shiwar Chowk,Pimple Saudagar,Pune - 411027
IMPORT BENEFIT SERVICES
This product contains the information about importing material with less custom duty from specific countries listed in Free Tarde Agreement (FTA) with no Risk.
Imports Duty free FTA Tariff Tool combines tariff and country data into a simple and easy-to-search public interface.
Using the Tool, users can see how India and FTA partner tariffs on individual products—searchable by keyword or tariff code—are treated under an agreement. Additionally, Indian. Importers and exporters can see the current tariff and applied to their products, as well as the date on which those products become duty-free. Finally, by combining sector and product groups, and the tariff elimination schedules, users can also analyse how various key sectors are treated under recently concluded FTAs.
OUR PRODUCTS
EXPORT BENEFIT SERVICES
The Objective of this product is to provide all the facilities which Indian Government had given to exporter in one page so any exporter can know about the benefits and it should be easily accessible at affordable cost.
The Web site provide Free Trade Agreement Countries, Merchandise Export Incentives Scheme, Duty Drawback, Service tax and Total in one page. India to facilitate and thereby increase external trade activities with the rest of the world.
The website now incorporates all products classified within Chapters 1-97 of the Harmonized System.
The website also provides all the updated information and policies.
OUR PRODUCTS
Are you familiar with the concept of getting benefits from government of India on your export and import.
Which benefits on export are you familiar with or which benefits you actually claim from Government of India?
How much service tax you are paying while you export? Are you aware that you can claim your service tax?
QUESTIONNAIRE….
Have you ever heard about Duty Drawback and MEIS ?
How many HS code you are using ?
Are you using services from consultant in order to claim benefits ?
Would you be interested in our product if I will explain you that you can save money for your organisation by using our product ?
Would you like to tell us who is the decision maker in your company ?
Our product is a software which provides all the necessary information regarding benefits given by Government of India to all the exporters in the form of duty drawback, MEIS, service taxes and Free Trade Agreement Countries.Apart from this, our software now incorporates all products classified within Chapters 1-97 where 1 lac Harmonized System Code (HS Code) included which can be used to incorporate trade with 235 countries.
Those benefits for a particular product can be obtained in one click and on one page with the help of calculator provided attached to our website.Our website is given with all the updated attachments from the Government of India which can be used in order to claim the above mentioned benefits.
OUR PRODUCT SPECIFICATION…..
A-Z Index: This Index code will provide information about the chapter heading (HS CODE) on the basis of materials description, Starting with their first letter name.
Custom tariff table: This table will contain the detail information about individual chapter heading (HS CODE) with their respective materials descriptions.
USER FRIENDLY…..
Updated content: All the latest notifications from the Government of India will be available.
Quick Search and Advanced search options have been given in order to generate the result by inserting HS code or description regarding your product.
There are no companies or products in the market giving such information in a very simplified and easy way.
As it is the first product based service, there is no competition for our product at this moment.
This product has a very affordable price.
UNIQUENESS…..
This product is giving an opportunity for Indian exporters and importers to expand there business globally as it provides an information where you can make comparison between various countries and decide the more beneficial country with the business point of view.
UNIQUENESS…..
Consider an example of an exporter who exports fresh mango among USA, Japan and UAE.
If he is exporting the mangoes of RS 1lac and if he is familiar with the benefits then considering all the benefits in this case comes around 6.14%. So in this case an exporter can claim for RS. 6140.
Now for claiming this, government notifications are required which are also given with the software.
COMPETITIVENESS
IMPORT BENEFIT BY USING GITS….
In this example where HS Code is 51012100 and product is Shorn wool. On this product the importer has to pay custom duty of 30%.By using our product the importer will get the idea that if he import from FTA countries which are 16 in this case, then he can save 10% to 25% of custom duty.This means if he is imports around 100 Crore of product he can save 10 to 25 crores.
IMPORT BENEFIT BY USING GITS….
100
30
Total Duty on Import from USA
Import Expense in Crs Custom Duty in Crs
100
20
Total Duty on Import from Brazil
Import Expense in Crs Custom Duty in Crs
100
5
Total Duty on Import from Indonesia
Import Expense in Crs Custom Duty in Crs
100
Total Duty on Import from Japan
Import Expense in Crs Custom Duty in Crs
CountriesCustom Duty
in %Total Import Value
including DutyProfit gain on Import in
Crs
USA 30 100+30 0
Brazil 20 100+20 10
Indonesia 5 100+5 25
Japan 0 100+0 30
Duty Drawback Merchandise
Export from India Scheme (MEIS)
Service Tax
EXPORT BENEFITS YOU CAN CLAIM FOR…..
93.16
15
0.14
Export Value & Benefits
Expense on Export Duty Drawback MEIS Sales Tax
GRAPHICAL REPRESENTATIONFOR EXPORTERS
USA UK UAE0
50
100
150
200
250
300
350
0
0.5
1
1.5
2
2.5
3
3.5
100
220
324
1
2.2
3.24
Export without using GITS
Value in Crs DBK in Crores
USA UK UAE0
50
100
150
200
250
300
350
0
5
10
15
20
25
100
220
324
6.14
13.51
19.83
Export using GITS
Value in Crs DBK+MEIS+ST in Crs
Example of Export total value by using HS Code 08045020 which is assign for fresh mangoes
USA UK UAE0
500
1000
1500
2000
2500
3000
0
10
20
30
40
50
60
2000
28002500
40
5650
Export without using GITS
Value in Crs DBK in Crs
USA UK UAE0
500
1000
1500
2000
2500
3000
0
20
40
60
80
100
120
140
160
2000
28002500
101.08
142.52127.25
Export using GITS
Value in Crs DBK+MEIS+ST in Crs
56504
0
Let us consider Graphical Representation of another HS Code 84071000 which is assign to Aircraft Engines.
Before using
GITS
After using GITS
Profit increased
using GITS
40 101.08 61.08
56 142.52 86.52
50 127.25 77.25
Service Tax is not given . In other market resources, it
took 5 to 6 steps we can get Duty Drawback and MEIS.
The options like cenvat availed and cenvat not availed are not available.
Direct notification is not available to claim those benefits.
No calculator to calculate all the benefits at a point.
Service Tax is given. With our product it took just 2
steps to get Duty Drawback, MEIS and Service Tax.
The options like cenvat availed, cenvat not availed & Handicraft are included.
Direct notification is available to claim those benefits.
Calculator is available to calculate all the benefits instantly.
DIFFERENCE BETWEEN RESOURCES AVAILABLE IN MARKET AND OUR
PRODUCT
