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After GST roll out on 1st July 2017, one of the key factors which impacted exports mostly was reduction in usability of duty credit scrips such as: Merchandise Export from India Scheme (MEIS) and Services Exports from India Scheme (SEIS) etc. These were the direct monetizable incentives given as a p...
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FTP 2015-20 Mid Term Review Unveiled Finally, the Mid-Term Review has now been released, by the Commerce Minister Suresh Prabhu on 5thDecember 2017 in a packed Ashoka Hotel hall.Government has tried to put some balm on the harassed exporters by increasing the incentives to various MSME sectors ...
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Algerian Govt has directed to all its banks to suspend auto-debit instruction for imports for a list of items from 4th July 2017. This may create problems in payment realization for Indian exporters who have been sending their exports to Algeria even after 4th July without ensuring mandatory complia...
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GST will have a MAJOR impact on your Exports and Imports - The upcoming GST will change the way we do businesses. It will also have a substantial impact on Exporters and Importers, and those who supply to Exporters. While GST will surely bring in some simplicity in the way we do duty optimization an...
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With introduction of GST, the central government has proposed the following changes in IEC:GST Registration (GSTIN) Number is a 15 digit alpha numeric code. GSTIN Number will be used for the purpose of import in case of IGST credit, and refund or rebate of IGST in the case of export as identifie...
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To boost Indian exports, government’s initiatives of introducing promotional schemes to exporters, it has been clarified that under the GST regime, all such schemes will remain continue. More importantly, Director General of Foreign Trade, Mr. Ajay Kumar Bhalla has recently stated in his statemen...
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Amid various initiatives being taken to boost exports from India, GoI has come up recently with an anticipated yet welcoming move of extending SEIS benefit to service exporters till FY 2016-17. The Director General of Foreign Trade, vide Public Notice 3/2015-2020 dated 2 April 2017 has extended the ...
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Date : 07/07/2015Download
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Date : 03/12/2015 New Online IEC Application System - bringing ease in doing business? Lately, Ministry of Commerce through its Foreign Trade Policymaking entity, eased out the cumbersome process of physically filing application for New, and Modification of the existing, Importer Exporter Code (IE...
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