Dear Investor,
This portal ,www.globaltaxguru.in ,as decision making tool , optimize compliance and regulatory cost of import and export and add efficiency in global supply chain. It is unique product which fill gap existing between online seller and buyer (enhance choice for the large market if Indian middle-class buyers, aspiring to buy world class products at the best prices from the powerful international retailers – allows the Indian middle class to break free of the sundry importer with his high margins) for their compliance and regulatory need and supply chain. Validity of concept and popularity of portal and blog can be seen by Search and users comments. There is no such product exist in market .
It has identified five medium of global supply chain such as Postal ,Courier ,Baggage ,Air Cargo and Sea Cargo for import and export of goods.
It is to be emphasized that there are 7 lakhs Post office in World which act as last point of delivery. But each country restricts and prohibit flow of certain goods through Postal Medium .If such information is available before any person send parcel through Post , then , compliance risk can be minimized. Thus , our portal , once it is completed, will take care of Global Postal Supply Chain.
In Courier industry , Cost of freight is very high and nearly big four company is dominating market. But alternatively , one can offer cost effective solution by combining Post with local courier companies.This untapped market can be exploited.
The Baggage mode of supply chain take cares of Tourist and travel industry and global work force. There is restriction and change in duty free allowance as per age , abroad stay and coming from which country. The portal will take care of documentation ,right duty and best way of importing goods.
Air cargo is for more quantity but will have lesser freight cost comparatively to Courier ,thus less duty.
Sea Cargo is for bulk cargo and cheapest mode of import and export goods.
In another words , my portal takes cares of importing small pin to big ship ,for that matter any thing.
Reason for growth of Portal:
- Introduction of self assessment for Customs duty from this budget,
- Growth in e-commerce and m-commerce website like ebay,amazon,alibaba,etc , internet penetration and Mobile phone. The Indian e-commerce market will grow at the rate of 47% to over Rs 46,000 crore in the 2011 calendar year as per report of IAMAI.
- Growth in online payment gateway,
- Growing and aspiring middle class and entrepreneurs,
- Growing network of Courier and Postal to look after rural market,
- Globalisation and access to newer market, Regional trade block ,IPR infringement,fake import,etc.
- Introduction of GST,
- Growth in Gift industry and consumer electronics goods
- Time gap between Indian launch and foreign launch of high value consumer goods ,etc.
Current stage of portal:
- Displaying information for compliance such as import-ability and non-tariff barrier,
- Displaying landing cost of product and at what price goods can be imported as per EDI data ,
- How to import through sea -cargo ,Air-cargo ,Post ,Courier and Baggage ,
- Export incentives on goods ,
- Forms are generated for online submission documents to Customs,etc.
Future direction of portal:
- Single Window Approach- generating all documents for bringing goods form door to door delivery, such as invoice ,packing list Bill of entry and integrating with Bill of lading ,calculating duty liability ,filing import documents to Customs and enabling duty payment to authorised Banks (payment made alongwith payment to e-tailer).This is end to end supply chain solutions. All data will be as per World Customs Organisation(WCO) data model and UN standards.
- Post import and export incentives - We will inform whether any incentive such as Refund of duty ,or, duty free import ,or ,drawback refund ,or, CENVAT credit ,or any other incentive is available to goods .
- Designing global supply chain in relation to import and export goods with respect to time to market ,nature of goods like parts,finished goods,perishable goods,used goods ,bulk goods , preferential duty as per country of origin ,mode of import such as sea cargo ,Air cargo ,post ,baggage and courier.
- Designing global supply chain in relation to import and export goods with respect to time to market ,nature of goods like parts,finished goods,perishable goods,used goods ,bulk goods , preferential duty as per country of origin ,mode of import such as sea cargo ,Air cargo ,post ,baggage and courier.
- Providing tracking and tracing of goods in global supply chain
- Moving to social media platform ,where people can share ,network and do business.
- Developing Mobile platform on ipad, iphone ,blackberry ,window7,etc.
- Industry specific API for Electronics industry, Fashion industry, Apparel industry, Shoe industry, Project imports, Toys industry,Sports industry ,Gems and jewelery industry, , Gift industry,etc.
- Mode of import specific API for Courier industry ,Postal and Baggage
Market Size :
- Quantum of transaction cost is about 7-10 per cent of total value of Indian exports. This amounts to a significant, about $ 15 billion.( Source: The Hindu,http://www.thehindu.com/business/Economy/article1167984.ece)
- Trade transaction costs are frequently estimated to be in the range of 7-10 % of world trade value (basis unclear); customs compliance costs would be somewhat less.
- Benefits of trade facilitation typically seen as 1-5 % of the value of total world trade (1994 Coumbus Ministerial Declaration on Trade Efficiency cited the figure of 2.5%). (Source:http://www.unece.org/forums/forum02/presentations/session_ii/akleitz.pdf
How revenue will come
- Charging fee as digital consultant for advice rendered for import and export related matter.
- Fee for documentation and clearance of cargo.
- Integrating specific API to other e-commerce websites and charging per transactions if goods are sold and annual licence fee ,or,combination of both.
- Advertisement ,
- Fee for claiming import and export incentives from Govt.
Team back ground:
I am graduate from IIT Delhi ,87 Batch ,and did Post Graduate Executive Diploma in Supply Chain Management from Loyala Institute of Business Adminstration,Chennai. Worked five years in BHEL ,then Customs Department( 1992-2007).
My popular website and blogs are:
http://www.personalimport.blogspot.com
http://www.globalsupplychainguru.com
- http://www.servicetaxes.blogspot.com/
- http://www.dutyrefund.blogspot.com
- http://www.customsvaluation.blogspot.com
- http://winksite.com/ravindra/servicetax
- http://winksite.com/ravindra/personalimp
- http://winksite.com/ravindra/dutyrefund
Need your help and assistance in finding right type of investor and proper business plan.
Pl write to me ,how can we take this to further.
Thanks and regards
Ravindra Kumar
Global Tax Guru
9958257070
