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KPMG FLASH NEWS KPMG IN INDIA International freight forwarding and logistic services performed by the non-resident taxpayer outside India is neither Managerial, nor Technical nor Consultancy in nature
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What is international freight forwarding and?
International freight forwarding is the process of arranging the shipment and transportation of goods across international borders. It involves coordinating with various parties, such as shippers, carriers, and customs authorities, to ensure timely and efficient delivery of goods.
Who is required to file international freight forwarding and?
International freight forwarding is typically carried out by freight forwarders, logistics companies, or individuals and organizations involved in international trade. They are responsible for handling the logistics, documentation, and customs clearance procedures for international shipments.
How to fill out international freight forwarding and?
To fill out international freight forwarding documents, shippers or freight forwarders need to provide detailed information about the shipment, including the nature of goods, quantity, weight, dimensions, origin, destination, and any special handling instructions. They also need to include relevant documents, such as commercial invoices, packing lists, and export/import licenses.
What is the purpose of international freight forwarding and?
The purpose of international freight forwarding is to ensure smooth and efficient movement of goods across international borders. It helps businesses and individuals in importing and exporting goods by managing the logistics, transportation, and customs clearance processes. It allows for timely delivery, cost optimization, and compliance with international trade regulations.
What information must be reported on international freight forwarding and?
International freight forwarding requires the reporting of various information, such as the description of goods, quantity, weight, dimensions, value, origin, destination, consignor, consignee, mode of transport, and any applicable licenses or permits. Additionally, documents such as commercial invoices, packing lists, and transport documents must be provided.
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