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Yusuf Unjhawala 🇮🇳 Profile picture
@YusufDFI
Sep 6, 2020 • 4 tweets • 1 min read • Read on X
Trust me, this is not new.
A few years ago, my supplier in Taiwan made business cards and couriered me, about 300 of it. I was made to pay customs on it. About ₹1000. Cost of making cards in India is ₹1 each.

And I don’t want to get started on my regular commercial shipments.
My supplier sends compliments in my shipment. For them its as a matter of routine, but ends up costing me in delayed clearance & ₹ as customs want invoice & packing list for it. And also a share of the compliments, or all of it 🤷‍♂️.
I requested my supplier to stop sending
And this rubs off in policy making too. GST is applicable on free samples and free services. Like banks have to charge 18% on free services on a deemed value 😂😂
Talking about tax & taxman,

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More from @YusufDFI

Yusuf Unjhawala 🇮🇳 Profile picture
Apr 13
🧵 of 13

I’ve been pointing out the problems with BIS and the QCOs (Quality Control Orders) that the Indian govt has issued.
They’re not helping Indian industry — in fact, they’re creating more red tape.

Why a product allowed in Europe may be blocked in India. Let me show you how Europe handles this. The difference is huge.

1/13
2/
 In Europe, products carry a CE mark.
That means: “This product meets European safety standards.”
But the company itself puts this mark — after testing and documenting the product.

The government doesn’t give permission. It trusts the manufacturer.
3/
 In India, many products now need BIS certification under QCO.
You can’t sell or import these unless you first get a license from BIS — after lab testing and factory audit.

This is a long, expensive, and often frustrating process.
Read 13 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
Apr 13
🧵 of 16.

Let’s talk about the “cash” economy some people have talked about — often cited as a reason to bring in more rules and stricter controls.
Here’s the thing: not all cash is “black.” Cash is still a legal way to do business.

1/ 🧵
2/
 Yes, there’s untaxed income in the economy. But who’s doing it, and to what extent?

Mostly:
a) Very small businesses — often run by people who aren’t educated or don’t understand the compliances involved.
3/
 b) Some businesses are GST-exempt. That doesn’t mean they’re small. Think sabziwalas (the one in my area sure makes good money). Then there are autodrivers, cab drivers, delivery agents — they might be making taxable income ( Pre ₹12L threshold) but not filing returns.
Read 16 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
Oct 6, 2024
Analysts noticed that CCTV cameras in Taiwan and South Korea were digitally talking to crucial parts of the Indian power grid – for no apparent reason. On closer investigation, the strange conversation was the deliberately indirect route by which Chinese spies were interacting with malware they had previously buried deep inside the Indian power grid

engelsbergideas.com/essays/private…
The attack was not foiled by an Indian intelligence agency or a close ally. It was discovered by Recorded Future, a company in Somerville, Massachusetts, which claims to have knowledge of more global C2 nodes than anyone in the world, and which it uses to constantly disrupt Chinese and Russian intelligence operations.
The Chinese intrusion serves as a microcosm for intelligence in the modern age. The cameras in Taiwan and South Korea are among more than one billion around the world, forming a metastasising network of technical surveillance – visual and electronic, ground-level and overhead, real-time and retrospective
Read 5 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
Sep 19, 2023
Canadian PM Trudeau accuses Indian gvt of killing a Khalistani in Canada and expelled an Indian diplomat. Relations going to be in deep freeze for the foreseeable future.
If there was credible evidence, Trudeau would’ve stayed away from G20 summit. I mean that’s a way to show all is not well, like Xi did. But he attended. Now in matter of days he has credible evidence. Doesn’t add up. Putting India-Canada ties at risk for his political problems?
Modi will be pleased with the accusation though. Taking out terrorist on foreign soil will be well received in India, which has suffered terribly to terrorism
Read 36 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
May 20, 2023
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. fortune.com/2023/05/18/chi…
An AP analysis of a dozen countries most indebted to China — including Pakistan, Kenya, Zambia, Laos and Mongolia — found paying back that debt is consuming an ever-greater amount of the tax revenue needed to keep schools open, provide electricity and pay for food and fuel.
China’s reluctance to forgive debt & its extreme secrecy about how much money it has loaned & on terms has kept other major lenders from stepping in to help..borrowers required to put cash in hidden escrow accounts that push China to the front of the line of creditors to be paid.
Read 9 tweets
Yusuf Unjhawala 🇮🇳 Profile picture
Oct 5, 2022
International relations are and must be guided by cold pursuit of national interests, not emotions.
Many mango Indians get influenced by emotions when it comes to Russia, US, Pakistan, rather than being guided by national interests. Relations are a means to pursue national interests, relations are not the end in itself.
India decided to go with the USSR in the wisdom of that time to pursue national interests. Post Cold War, for those stuck to the past & guided by emotions, relations with Russia became the end in itself not the means.
3/
Read 11 tweets

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