May 2, 2024 | CA B K Goyal & Co LLP

procedure for increase in the authorised share capital

Companies Act 2013 / CA Bhuvnesh Goyal / May 2, 2024

Every company eventually needs more money to run it. This fund might be required both immediately and later. A short-term requirement can be satisfied by loans and advances. However, in the long run, it will demand more money. This can be done for a Private Limited Company by increasing the company’s authorized capital. Any changes to the structure must comply with the Act and the guidelines outlined in the Companies Act, 2013, since the Private Limited Company is regulated and governed by the Company Act. When a company is in its incorporation stages, one of the most important decisions that have to be made by the promoters is the amount of capital to invest in the company. As the business begins to pick up, the company may look to expand its operations, expand in size, scale or structure. To make that dream a reality, it may require the pumping in of more funds into the company, basically increasing the share capital of the company. Sometimes, the amount of capital required might surpass the limit of the authorised capital at the time. The authorised capital is the maximum amount of capital for which the Company can issue shares to the shareholders. As per Section 2(8) of the Companies Act, 2013, the Authorised Capital limit is specified in the Memorandum of Association under the Capital Clause. A company may take the necessary steps required to increase the authorised capital limit in order to issue more shares, but it cannot issue shares exceeding the authorised capital limit in any case. What is Authorized Share Capital? The maximum number of shares that a company is allowed to issue to shareholders in accordance with its bylaws is known as authorized share capital. It’s possible that some of the capital has not been sold yet. The shareholders’ consent is required to change the authorized capital. According to Section 2(8) of the Companies Act, 2013, the Authorized Capital limit is stated in the Memorandum of Association under the Capital Clause. In order to issue more shares, a business may take the appropriate steps to increase the approved capital limit, but it may never issue more shares than the authorized capital limit allows. The MOA must be amended, however, if the company wants to raise the amount of allowed capital. What are the characteristics of authorized capital? When a company is formed and incorporated, the permitted capital is determined. The amount of approved capital will determine how much the ROC fees will increase. The MOA and AOA of a business must specify the authorized capital of the company. The nominal value of each share is based on the authorized share capital, which is the maximum amount of capital that a business can maintain. It can be changed at any time after the company is established. The permitted capital cannot be used to determine the Company’s net worth. A company is not required to issue shares equal to its authorized capital; instead, it may issue shares with a lower value. Procedure to Change the Authorised Capital 1. Amend the Articles of Association Determine if there is a provision in the current AOA that allows for changes in the authorized capital. If no such provision exists, amend the AOA following the guidelines outlined in Section 14 of the Companies Act, 2013. 2. Conduct a Board Meeting Send the meeting agenda to the directors at least 7 days prior to the meeting, to their respective registered addresses. Pass a Board Resolution to call for an Extraordinary General Meeting (EGM) and issue a notice as per Section 101 of the Act. During this EGM, present the altered clause on authorized capital in the Memorandum of Association for approval by passing an Ordinary Resolution, complying with the provisions outlined in Section 60 of the Act. Notify shareholders of the meeting details, including the agenda, date, time, and location. Specify the voting method to be used in the notice. Notify the auditors directors, & shareholders about the EGM. Ensure that the notice of the EGM is sent at least 21 days before the EGM date, unless consent from at least 95% of eligible voting members is obtained. Consent can be obtained electronically or in writing. 3. Hold the Extraordinary General Meeting (EGM) During the meeting, discuss the proposal to increase the share capital. Conduct a vote in a predetermined order to reach a decision. Once approval is obtained and the resolution is passed, attach the explanatory statement and increase the Authorized Capital. 4. File Forms with ROC (Registrar of Companies) File eForm SH-7 and eForm MGT — 14 (if applicable), along with the prescribed fees, with the Registrar within 30 days of passing the resolution. Form MGT — 14: File this form with the ROC within 30 days of passing the resolution. Submit the form on the MCA portal with the following information: Company information, including its CIN. Reason for filing the form. Dispatch date of the notice. Date of passing the resolution. Details about the resolution. DIN and Digital Signature, where required. Attach the following documents with Form MGT 14: Notice of the EGM and the Explanatory Statement required by Section 102 of the Companies Act, 2013. A certified copy of the EGM resolution. A copy of the new MOA. A copy of the new AOA (if it includes provisions for increasing authorized share capital). Form SH — 7: File this form with the ROC within 30 days of passing the resolution. Use the MCA portal and provide the following information: Company information, including its CIN. Resolution type. Meeting date. Reference to Form MGT — 14 with its Service Request Number (SRN). Details of the original authorized share capital and the new authorized share capital. Details on how the additional share capital will be allocated. Particulars of the Stamp Duty Fees Paid. Whenever possible, use digital signatures and DIN (Director Identification Number). Attach the following documents with Form SH 7: A certified true copy of the resolution for capital change. A copy

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Mahatma Jyotiba Phule Jan Arogya Yojana (MJPJAY)

Government Schemes / CA Bhuvnesh Goyal / May 2, 2024

Mahatma Jyotirao Pule Jan Arogya Yojana is the flagship health insurance scheme of the Government of Maharashtra. The scheme provides end-to-end cashless services for identified diseases through a network of service providers from the Government and Private sector. The scheme earlier was known as Rajiv Gandhi Jeevandayee Arogya Yojana which was started on 2nd July 2012 in eight districts and then was expanded to 28 districts of Maharashtra from 21st November 2013. The Mahatma Jyotiba Phule Jan Arogya Yojana is a scheme backed by the Maharashtra State Government. It was launched with the aim to offer health insurance benefits to individuals and families in households that are below and close to the poverty line. Earlier named as the Rajiv Gandhi Jeevandayee Arogya Yojana, it provides free medical access and care to economically challenged people in the State of Maharashtra through various government hospitals for numerous surgeries, diseases and therapies. Overview OBJECTIVE:To provide cashless quality medical care to beneficiaries under the scheme for catastrophic illnesses requiring hospitalization for surgeries and therapies under identified specialty services through a network of health care providers.Note: The Integrated Mahatma Jyotirao Phule Jan Arogya Yojana (MJPJAY) and Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) were launched in the state on 1st April, 2020. United India Insurance Company Limited (a Public sector Undertaking Company) provides health insurance coverage to beneficiaries under the insurance mode and the State Health Assurance Society provides coverage in assurance mode. State Health Assurance Society is paying an insurance premium of ₹ 797/- per family per year to the Insurance Company in quarterly installments on behalf of eligible beneficiary families. he State Government of Maharashtra inaugurated the Rajiv Gandhi Jeevandayee Arogya Yojana (RGJAY) in order to improve the access to healthcare for individuals and families belonging to Below Poverty Line (BPL) and Above Poverty Line (APL) households. On the 1st of April, 2017, the Scheme was effectively renamed to the Mahatma Jyotiba Phule Jan Arogya Yojana (MJPJAY). This health insurance plan is fitting for families with an annual income below the threshold of INR 1 Lakh. The Maharashtra State Government pays INR 333 as premium for an insurance cover of up to INR 1.5 Lakhs. An individual or an entire family may avail the total insurance coverage on a floater basis. Insured members are offered the facility of cashless hospitalisation at any of the hospitals under the Scheme’s network. There is no waiting period applicable for pre-existing covers. Renal Transplant procedures are covered up to INR 2.5 Lakhs as the immunosuppressive therapy is to be carried on for a year or so. This Scheme may be availed by individuals who have either of the two cards: Orange Ration Card for individuals and families Above Poverty Line Yellow Ration Card for individuals and Below Poverty Line Mahatma Jyotiba Phule Jan Arogya Yojana provides for over 972 surgeries and treatments along with 121 follow-up packages in 30 various specialised categories such as cardiology, neurology, ENT surgery and more. For 10 days after the date of discharge, The network hospitals will offer free follow-up consultations, medicines, and diagnostics post 10 days from the date of discharge as indicated by the Scheme. The insurance company providing this health cover shall ensure that a minimum of one free medical camp is organised each week by each network hospital. Benefits The scheme provides coverage for meeting all expenses relating to the hospitalization of beneficiaries up to ₹ 1,50,000/- per family per policy year. For Renal Transplants, this limit has been enhanced up to ₹ 2,50,000/- per family per policy year. The benefit is available to every member of the family on a floater basis, i.e., the total coverage of ₹ 1,50,000/- or ₹ 2,50,000/- as the case may be, can be availed by one individual or collectively by all members of the family in the policy year. Benefit Coverage:This is a package medical insurance scheme to cover hospitalization for Medical and Surgical procedures through cashless treatment concerning the following 34 identified specialties. MJPJAY beneficiary gets a benefit of 996 Medical and Surgical procedures with 121 follow-up procedures. There are 131 government-reserved procedures out of 996 MJPJAY procedures.Specialized Categories are under follows:- Burns Cardiology Cardiovascular and Thoracic surgery Critical Care Dermatology Endocrinology ENT surgery General Medicine General Surgery Haematology Infectious diseases Interventional Radiology Medical Gastroenterology MEDICAL ONCOLOGY Neonatal and Pediatric Medical Management Nephrology Neurology Neurosurgery Obstretrics and Gynecology Ophthalmology Orthopedics Pediatric Surgery Pediatric Cancer Plastic Surgery Polytrauma Prosthesis and Orthosis Pulmonology Radiation Oncology Rheumatology Surgical Gastroenterology Surgical Oncology Urology (Genitourinary Surgery) Mental disorders Oral and Maxillofacial Surgery Eligibility For Individuals and Family Every family or individuals from families who are below the poverty line or merely above the poverty line are eligible to avail this Scheme. Therefore, individuals/ families who have either of the Orange Ration Card or the Yellow Ration Card may be a part of this scheme. For Agencies An agency must be registered under the Companies Act of 1956. An agency must have a valid Other Service Providers License to offer services at the said location. An agency must have an average annual turnover that crosses the threshold of INR 15 Crores in the previous 4 financial years. An agency must have a positive net worth. For Hospitals A hospital of the Scheme’s network is required to have a minimum of 50 inpatient beds with appropriate space and enough staff. A hospital is required to have individual general wards for males and females. Documents Voter’s Identity Card Driving License School Identity Card PAN Card Other identity cards issued by an authorized officer. Registration Process Families and individuals may approach a hospital in the Scheme’s network that is nearest to their area. If a customer visits a facility that is not within the Scheme’s network, then a referral card after initial diagnosis by the doctor should be submitted to the network hospital. The patient’s medical information relevant to the visit will be captured in the Scheme’s database. Customers will then required to provide the referral card along with

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Mukhya Mantri Fasal Rin Mafi Yojana

Government Schemes / CA Bhuvnesh Goyal / May 2, 2024

Farmers have had to face adverse conditions in the agricultural sector for the last several years. As a result, many farmers are not able to make regular payments even after obtaining crop loans from banks/committees even if they want to. No special steps have been taken by the banks to reduce the indebtedness of the agricultural sector. he Madhya Pradesh Government has established a new scheme for the farmers called Mukhya Mantri Fasal Rin Mafi Yojana, also known as Madhya Pradesh Crop Loan Waiver Scheme. This scheme came into force from January 15th, 2019. The beneficiaries lists along with green and white application forms for the project can be obtained from every Gram Panchayats in the state. The scheme was announced as a poll promise by the current Chief Minister of the State for farmers who all unable to pay back their short-term crop loans that were taken from nationalised and cooperative banks as on March 31st 2018. The principal secretary of the farmers’ welfare and agriculture development department has issued an order for the implementation of the scheme. Eligibility of the Scheme The benefits of the scheme can be availed only by farmers belonging to Madhya Pradesh. The scheme waives off crop loans up to Rs. 2 Lakh. The scheme is applicable for crop loans that are taken till 12th December 2018. Loans that are taken from nationalised and cooperative banks will be waived off. Beneficiaries List of the Scheme The beneficiaries list for MP farm loans waivers can be availed by visiting the Gram Panchayats across the villages of the state. Farmers have to visit their Gram Panchayats to check their names in the beneficiaries lists. Application Forms he application forms for the scheme can be availed from all gram panchayats of the state. The Madhya Pradesh Government has printed 80 lakh forms for the loan waiver application. All eligible farmers are requested to apply for the loan as soon as possible. The application forms are in two colours namely green application forms and white application forms. Green Forms: The green application forms are for those farmers who have Aadhaar cards. White Forms: The white application forms are for those farmers who do not possess Aadhaar cards. Application Procedure Step 1: Approach the Panchayat Office The applicant has to approach the concerned Gram Panchayat office. Step 2: Check the Name The applicant has to ensure that his/ her name is included in the beneficiaries list. Step 3: Obtain the Application Form The applicant has to obtain the appropriate application form. Those farmers having an Aadhaar card has to acquire a green application form whereas, those farmers who do not possess an Aadhaar card, has to obtain a white application form. Step 4: Enter the Details The following details have to be entered in the application form. Name of the Applicant Age of the Applicant Residential Address Family Details of the Applicant Contact Number Step 5: Submit the Application The applicant has to sign and submit the application to the concerned Gram Panchayat office. FAQs What is the Mukhya Mantri Fasal Rin Mafi Yojana (MMFRMY)? The Mukhya Mantri Fasal Rin Mafi Yojana is a scheme launched by the government of a state (such as Uttar Pradesh) aimed at providing relief to farmers by waiving their agricultural loans or providing assistance for loan repayment. Who is eligible to benefit from the MMFRMY? Eligibility criteria may vary depending on the specific guidelines of the scheme, but typically, small and marginal farmers who have taken agricultural loans from specified lending institutions within a certain timeframe are eligible for the benefits. 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Activities to be undertaken for GST Compliances of FY 2023-24 in March 2024

Goods & Service Tax / CA Bhuvnesh Goyal / May 2, 2024

Filing of Letter of Undertaking (LUT) for zero-rated supplies by 31-03-2024 Opting for the Quarterly Return Monthly Payment (QRMP) scheme between 01-02-2024 and 30-04-2024 for eligible registrants Enrollment in the Composition Scheme by 31-03-2024, with subsequent ITC reversal filing due by 30-05-2024 Goods Transport Agency (GTA) declarations for the Forward Charge Mechanism (FCM) choice from 01-01-2024 to 31-03-2024. GST calendar helps every registered business and professionals to be ready for compliance well in advance. GST Dates are crucial for every taxpayer to file the GST returns and prescribed forms under the GST law to avoid incurring any interest or late fees. You can identify the right GST return to file by knowing the type of registration obtained for your GSTIN, using the GST search tool. Annual GST Calendar 2024-25 Here is the GST calendar for April 2024 at a glance- Due date* Form/Function Period Description 10th April GSTR-7 (Monthly) March’24 Summary of Tax Deducted at Source (TDS) and deposited under GST laws GSTR-8 (Monthly) March’24 Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators under GST laws 11th April GSTR-1 (Monthly) March’24 Summary of outward supplies where turnover exceeds Rs.5 crore (in the current FY and the previous FY) or have not chosen the QRMP scheme for Jan-Mar 2024 13th April GSTR-1 (Quarterly) Jan-Mar’24 Summary of outward supplies by taxpayers who have opted for the QRMP scheme** GSTR-5 (Monthly) March’24 Summary of outward taxable supplies and tax payable by a non-resident taxable person GSTR-6 (Monthly) March’24 Details of ITC received and distributed by an ISD 18th April CMP-08 (Quarterly) Jan-Mar’24 Quarterly challan-cum-statement to be furnished by composition taxpayers 20th April GSTR-5A (Monthly) March’24 Summary of outward taxable supplies and tax payable by a person supplying OIDAR services GSTR-3B (Monthly) March’24 Summary return for taxpayers with a turnover of more than Rs.5 crore (in the current FY and the previous FY) or who have not chosen the QRMP scheme for Jan-Mar 2024 22nd April GSTR-3B (Quarterly) Jan-Mar’24 Summary return for taxpayers who have opted for the QRMP scheme and registered in category X states or UTs# 24th April GSTR-3B (Quarterly) Jan-Mar’24 Summary return for taxpayers who have opted for the QRMP scheme and registered in category Y states or UTs## 25th April ITC-04 Oct-Mar’24/ FY 2023-24 Half-yearly/yearly summary of goods sent to or received from a job-worker for those with a turnover of more than and up to Rs.5 crore in the given FY, respectively 28th April GSTR-11 Mar’24 Statement of inward supplies by persons having a Unique Identification Number (UIN) for claiming a GST refund 30th April GSTR-4 (Annually) FY 2023-24 Annual return for taxpayers who opted into the composition scheme Note: Small taxpayers, i.e. taxpayers with turnover up to Rs.5 crore in the given financial year and the earlier year, can opt in or out of the Quarterly Return filing and Monthly Payment of taxes (QRMP) scheme for the April-June 2024 quarter on or before 30th April 2024. *The due dates mentioned are subject to changes notified by the concerned department. **If the taxpayer opted for the Invoice Furnishing Facility (IFF) and uploaded B2B invoices for January 2024 and February 2024, it is sufficient to upload B2B invoices for March 2024 and B2C invoices for the entire quarter in the GSTR-1. Otherwise, the taxpayer has to upload all the B2B and B2C invoices for the Jan-Mar’24 quarter in the quarterly GSTR-1. #Category X: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union Territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep. ##Category Y: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, the Union Territories of Jammu and Kashmir, Ladakh, Chandigarh and New Delhi. Latest news on GST returns due date extensions The following section provides updates on the latest news and notifications for due date extensions on various GST returns and forms: Update as on 31st March 2023 CBIC issued CGST notifications on 31st March 2023- GSTR-4 for the periods July 2017-March 2019 or FY 2017-18 to 2021-22 not filed can be filed between 1st April 2023 to 30th June 2023 at a concessional late fee that is waived off in excess of Rs.250 per return (no late fee if the return is nil). Assessment shall be withdrawn where if the non-filer of GST returns has submitted returns on or before 30th June 2023 with applicable interest and late fee irrespective of appeal against the assessment order issued on or before 28th February 2023. Any delay in the filing of GSTR-9 FY 2022-23 onwards attracts concessional late fee for the following categories of taxpayers- Turnover up to Rs.5 crore attracts a late fee of Rs. 25 per day subject to max cap 0.02% of turnover. Turnover over Rs.5 crore to 20 crore attracts late fee of Rs 50 per day subject to max cap 0.02% of turnover. Taxpayers who did not file GSTR-10 yet but will file between 1st April 2023 to 30th June 2023 attract a concessional late fee that is waived off in excess of Rs.500 per return. Update as on 5th July 2022 As per the 47th GST Council meeting, the following two decisions were taken and notified on 5th July 2022: GSTR-4 for FY 2021-22 filing is waived off from the late fee if filed on or before 28th July 2022 as against earlier extension of up to 30th June 2022. (Notification 12/2022) CMP-08 filing for Apr-Jun 2022 (Q1 of FY 2022-23) will get an extension up to 31st July 2022 from 18th July 2022. (Notification 11/2022) Update as on 26th May 2022 As per the CGST Notification no. 7/2022 dated 26th May 2022, the late fee has been waived for the delay in filing GSTR-4 for FY 2021-22 between 1st May and 30th June 2022. The GST returns filing structure Regular taxpayers- The GST returns in forms GSTR-1 and GSTR-3B are to be filed by businesses

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export to foreign territories

learn / CA Bhuvnesh Goyal / May 2, 2024

Foreign trade means the exchange of goods and services between two or more countries/borders or territories. From the time of independence, India has been one of the important trading countries, exporting primary items like cotton, raw silk, sugar, wool, jute, indigo, etc. Moreover, it is an importer of finished consumer goods like woollen clothes, cotton, silk, and capital goods like light machinery manufactured in Britain. During this period, Britain held the monopoly over India’s imports and exports. Therefore, most of the foreign trade was restricted only to Britain, while the rest half was allowed to trade with other countries like Ceylon (Sri Lanka), China, and Persia (Iran). India was a large exporter in the colonial period. However, it did not affect the country’s economy. Commodities like food grains, clothes, kerosene, etc., hit the country hard with its scarcity. Importance of foreign trade Globalisation has assisted to expand services in the foreign market. The remarkable features of foreign trade in India are maritime trade, diversity in exports, state trading, and change in imports, unfavourable or negative trade. There are mainly three types of foreign trade for instance entrepot trade, import trade as well as export trade. Most export commodities of India are Ready-made garments (RMG), linoleum, marine products and engineering goods. Foreign trade in India plays an important role in the growth of the agriculture sector. Every year, India effectively exports vegetables, fruits, cotton, and rice to different countries and this export of goods assists in making farmers prosperous. There are multiple advantages of foreign trade as it promotes efficiency in the field of production, more employment, reduces trade fluctuations, increases revenues, and longer product lifespan. India exported goods worth almost USD 279 billion in 2020. Foreign trade plays a critical role in the economy of every country as well as it effectively contributes to a country’s GDP. International trade assists in the expansion of goods or services in the foreign market as well as increasing the rate of revenue. It encourages the innovation of products and the effective availability of services and goods. Foreign trade assists in inspiring the farmers of India for their development as well as assists in economic prosperity. It has assisted in reducing the rate of unemployment in India and developing the GDP of the country. The government of India focuses on the development of export and import in other countries. The major export partners of India are United Arab Emirates, Hong Kong, China, Bangladesh and Singapore. The import partners of India are Iraq, United Arab Emirates, Saudi Arabia, the United States, as well as China. Foreign trade or International trade can also be described as a significant tool in terms of maintaining diplomatic relations among countries. For instance, India stopped the exports of services or goods to Pakistan due to the Pulwama attack. In the present scenario, foreign trade became an essential part of the policies of the government. Import-export tax and charges assist in the development of revenue. FAQs What is the role of the Directorate General of Foreign Trade (DGFT) in the export process? The DGFT is the primary regulatory authority responsible for formulating and implementing India’s Foreign Trade Policy. It issues licenses, permits, and authorizations required for exporting certain goods from India and regulates trade-related matters. Do I need a license to export goods from India to foreign territories? Yes, depending on the nature of the goods being exported and the destination country, exporters may need to obtain various licenses and permits from the relevant authorities in India, such as the Directorate General of Foreign Trade (DGFT) or other regulatory bodies. 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import and export license of cosmetic products in india

learn / CA Bhuvnesh Goyal / May 2, 2024

India’s cosmetics market is nearly twice as large as those in the United States and Europe, and it is growing at an exponential rate. Because of the industry’s expansion, India’s Ministry of Health and Family Welfare has mandated that all items imported into the country must have a mandatory registration certificate. Consequently, whether you are starting or have already started a cosmetic importing business in India, you must adhere to a set of fundamental procedures for the Import of Cosmetic Products in India. All manufacturers and importers who intend to market cosmetic products in India are required to get cosmetic registration process. Any manufacturer who aims to manufacture cosmetics in India must have a valid cosmetic manufacturing license. Manufacturers must fill an application in Form COS 5 for a grant of license and COS 6 for a loan license to the State Licensing Authorities for sales and distributions of cosmetic products. State Licensing Authorities is a regulatory body governing cosmetic manufacturing license in India. Issue of Import licenses for cosmetic items is regulated by the Central Drugs Standard Control Organisation (CDSCO) in India. The applicant must fill out form COS 1 to import a cosmetic product. After registration, the necessary documents should be uploaded, and fees should be paid. Following the evaluation of the application, CDSCO will either make a request for additional papers or issue the import registration certificate (COS 2). Any company that intends to market cosmetic products in India needs cosmetic registration and approval. It requires planning and review of the ingredients and labeling for registration. The application process is different for manufacturers and importers. Eligibility to Import cosmetic products in India The company that makes the product. A person who is authorized by the company to sell its products. Any other importer or subsidiary agent of the company. Procedure to Import Cosmetic Products in India Under the Ministry of Health and Family Welfare of India, the Central Drug Standards Controller (CDSC) is responsible for registering all imported cosmetics. So, the importer needs to make an application for CDSCO Registration to CDSC. Thus, you must file the Form COS-5 for Registration and submit it online through an official government website, along with the applicable fee and the required documents. Document Requirement for CDSCO Registration Basic details such as the identity, address, and phone number of the manufacturer as well as the full address of the production facility. Import Export Code or IEC Code. Ad Code Registration A receipt proving that the registration payments have been paid. The company logo design, the date of manufacturing, and the physical description of the cosmetic that you will import in India. Details of the production licenses, registrations, and marketing authorizations issued by the regulatory authorities in the country of production, under which cosmetics are created and subsequently marketed within the nation. Most cosmetic products generally have US FDA Certification. A group of nations where that cosmetic product is authorized for import. Foreign terminology for ingredients, together with the product’s proportion of each constituent. Product specifications and procedures of evaluation. A representative sample of the label. The date and location where the product is now being marketed in India. When the cargo is cleared at the port office, an undertaking must be presented to the relevant port office. It should include a statement from the manufacturer, the product has not been tested on animals since December 11, 2014, or afterward. FAQs Do I need a license to import or export cosmetic products in India? Yes, both importers and exporters of cosmetic products in India are required to obtain relevant licenses from regulatory authorities. What type of license is required for importing cosmetic products into India? Importers of cosmetic products in India need to obtain an import license from the CDSCO. This license is issued under the provisions of the Drugs and Cosmetics Act, 1940, and the rules framed thereunder. 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