New Business Opportunities in India - Australia
India and Australia have been developing a bilateral trade policy since September last year.
It has only recently been completed.
This will enable the two countries to carry out large-scale trade activities.
It has various advantages for traders in both countries.
Ninety-six per cent of goods exported from India are subject to complete import duty-free in Australia.
Similarly, 85 per cent of goods exported from Australia to India are duty-free in India.
Import duty in India is very low for the following items.
1. Premium quality wines made in Australia.
2. Coal.
3. Meat.
4. Macedonia nuts.
5. Wool.
The following items exported from India are fully tax-exempt in Australia.
1. Pharmaceutical and medical products.
2. Textile materials.
3. Engineering materials.
4. Leather goods.
5. Gems and jewelery.
No tax deduction is given for the following items. The reason for this is that there should not be a shortage of these products locally. But there are no restrictions on the export of these goods.
1. Milk and dairy products.
2. Chickpeas.
3. Walnut.
4. Wheat.
5. Rice.
6. Apple.
7. Oil extracted from sunflower seeds.
8. Sugar.
9. Oil cakes.
To get complete export/import business blueprint depends upon your investment with Australia, WhatsApp 91-9043441374
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