India's biggest tax reform triggered selling frenzy
- Author:Hong Kong shipping information
- Source:Hong Kong Shipping Information
- Release Date:2017-06-16
Indian retailers are worried that the transition to the Commodity Service Tax Act, which will take effect on July 1, will lead to high taxes on existing stocks, according to foreign media reports, the biggest tax reform in India since independence, So businessmen drastically cut prices, cleared inventory, selling goods, so that India suffered an unprecedented discount frenzy impact.
In some commodities, customers can get more than 80% discount, the business community warned that the company may suffer heavy losses in the chaos. Some observers fear that the new regime will temporarily slow the growth rate of one of the world's fastest growing economies. India's tax reform will eventually lead to the next 10 years of debate, will be a failed attempt.
Reminders export to India's foreign trade enterprises:
1, has been shipped to Hong Kong, but has settled the money, do not need to worry, but can keep in touch with customers to help customers through the storm.
2, has been shipped but did not close the end of the money, to promptly to customers to collect payment, letter of credit payment in a timely manner to pay a single bill of exchange to negotiate.
3, for the upcoming shipment, as far as possible in the shipment before the end of the balance, communicate with customers to understand whether the export of goods is also selling the ranks of products, according to the actual situation to determine whether the shipment, we must adhere to the "no payment is not shipped" Principles, to avoid risks.
4, to keep in touch with customers, concerned about the actual situation in India, pay attention to shipping companies, freight forwarding and customs of India's customs.
In some commodities, customers can get more than 80% discount, the business community warned that the company may suffer heavy losses in the chaos. Some observers fear that the new regime will temporarily slow the growth rate of one of the world's fastest growing economies. India's tax reform will eventually lead to the next 10 years of debate, will be a failed attempt.
Reminders export to India's foreign trade enterprises:
1, has been shipped to Hong Kong, but has settled the money, do not need to worry, but can keep in touch with customers to help customers through the storm.
2, has been shipped but did not close the end of the money, to promptly to customers to collect payment, letter of credit payment in a timely manner to pay a single bill of exchange to negotiate.
3, for the upcoming shipment, as far as possible in the shipment before the end of the balance, communicate with customers to understand whether the export of goods is also selling the ranks of products, according to the actual situation to determine whether the shipment, we must adhere to the "no payment is not shipped" Principles, to avoid risks.
4, to keep in touch with customers, concerned about the actual situation in India, pay attention to shipping companies, freight forwarding and customs of India's customs.
