For past many months news has been surfacing in the media that those companies that have wrongly claimed services export benefits under the erstwhile Served From India Scheme (SFIS) are being asked via DRI to …
Exporters who need to import Raw Material for their Export Product have traditionally been doing so using Advance Authorisation (AA) and thus getting the exemption on Basic Customs Duty(BCD) and additional duties like CVD, SAD …
The general perception is that the scrips that are issued to an exporter as an incentive against his exports of goods or services can be utilised to import any importable item. Many times importers use …
Service Exporters got yet another bonanza when the Government announced that the SEIS scrips that they receive against their exports, will now be issued at the increased rates for the next financial year too. Ie. …
Two petitions have been filed in the Delhi and Mumbai high courts against a provision in the GST regime. The provision allows levying both the basic Customs duty and IGST on cost, insurance, and freight …
The Directorate General of Foreign Trade (DGFT) has issued notices to about 100 Indian units of multinationals, demanding refund of around Rs 5,000 crore that it said they wrongly claimed since 2003 under an export …
Moving along with the new GST System, DGFT now relax and eased the procedures for clubbing of advance authorisations issued under the periods of FTP Policy 2009-14 and 2015-20 and to facilitates the closure of …
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 …
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 …
DGFT had introduced some changes in the various chapters of Foreign Trade Policy (“FTP”) vide Trade Notice No. 11/2018 dated 30.06.2017 to align the same with GST post implementation. The chapter wise changes in the …