Examples of BVI Co in a sentence
The Company’s immediate and ultimate holding company is Pioneer Pharma (BVI) Co., Ltd.
The Seller shall cause BVI CO., New Co., Holding Co. and WFOE to disclose to the Purchaser true copies of all the financial, legal and commercial documents of BVI Co., New Co., Holding Co. and WFOE and the resolutions of the shareholders and the board of directors.
The AO attributed 90% of the commission earned by BVI Co to the LO for the purpose.
BVI Co received commission from its buyers, calculated on a fixed percentage of the value of the goods exported to its clients outside India; typically, in the range of 5-6% for itsservices and the taxpayer was remunerated at 1% of the value of the goods.
As a result of the information gathered during survey it was established that the BVI Co was a non-functional entity and did not play any role in the goods sourced from India as the employees of the Taxpayer directly corresponded with the customers and vendors.