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Various Types Of Consultants in India - SEZ AND FEMA by Kriti Advisory





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Various Types Of Consultants in India - SEZ AND FEMA by
Article Posted: 01/15/2013
Article Views: 141
Articles Written: 28
Word Count: 565
Article Votes: 0
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Various Types Of Consultants in India - SEZ AND FEMA


 
Business,Finance & Investment,Tax

Advisory service providers or in other words consultants in various sectors play an important role for the growth of an organization whether it is a public or private or joint sector companies. India, one of the developing countries, is undergoing vast changes in the economic front during the current decade due to various governmental policies. This in turn has created a great demand for consultants in these areas. Corporate advisory services provide various types of consultancy such as SEZ consultants and FEMA consultants for the business people in India to utilize the new opportunities and to understand the new changes.

From April 2000 Government of India has introduced the Special Economic Zone, SEZ scheme in their Export and Import policy. The main purpose of this scheme is to promote growth in exports and imports sector by providing internationally hassle free environment in which SEZ compliant units, with the help of SEZ consultants, can be set up for the purpose of manufacturing goods and other related services. These units can be operated on the basis of self certification and must be foreign exchange earning organizations. Only on the payment of complete custom duty and on satisfying the import policy in force, these SEZ units can do sales in the domestic tariff area.

According to the Special Economic Zone Act of 2005, any public, private, government or joint sectors can set up SEZs. Herein lies the valuable service need by the SEZ consultants. They provide valuable service from the beginning of the concept to the successful implementation of the units. They are the one stop solution for all government related approvals, guiding through proper procedures and pouring light into various processes. SEZ consultants assist you in getting approval for setting up new SEZ units and to migrate into SEZ by the existing units. They also assist in Green Card Issuance, provide various attestations, issue the correct internet connections and execute agreements.

All import export traders of India will be aware of FEMA, the Foreign Exchange Management Act. FEMA is the Act that controls the entire foreign exchange of the country in accordance with the World Trade Organization. Fema Consultants help you in providing the right guidance for setting up foreign investments both outside and inside of India. They get approval from Foreign Investment Promotion Board and from Reserve bank Of India. They provide you proper legal opinions, transfer pricing, NRI services, Retainer- ship services, FDI/ODI audit services, etc.

FEMA Consultants are very much in demand for guiding export import traders. They serve both foreign investors who have invested in India and Indians who have invested in foreign countries. They provide guidance for all business men concerning FEMA transactions and prevent them from further complications.

The services of FEMA consultants are very important for a common man since the rules and regulations of the government change from time to time and the government procedures and transactions are very complex. Even though you know very well the rules and regulations, you must have experience in dealing with the formalities and in going through the difficult processes. FEMA Consultants since they are experts and are experienced in the same field, they know how to deal with everything. With their help you will be saving lots of time and money.

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