Legal news : Important tax changes for India !

Consequently, all export shipments from India are now subject to a service tax of 12.36% on the total value of the invoice. These shipments billed to shippers located in India continue to be taxed at 12.36%.

As a customer, you have to pay an Indian service tax amounting to 12.36% if you are based outside of India and you pay the shipping cost of your exports from India. This change applies to all shipping bills charged from 1 July 2012, regardless of the date of shipment.

Indian customs authorities have recently announced the establishment of this new regulation. FedEx will conform and adapt its billing system accordingly as quickly as possible. Because of the rapidity of this change, our customers located abroad may encounter some delays billing for shipments from India affected by the rules.

(Source FEDEX)

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