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Definitions of export, import, exporter & importer under different acts

March 27, 2020 26028 Views 0 comment Print

♦ Definition of ‘Export’ & ‘Exporter”  Under Foreign Trade Policy Export- Is as defined in FT (D & R) Act, 1992, as amended from time to time.  Note: Definition of export under foreign trade policy is same as defined in FT (D & R) Act, 1992 which is given below. In other words definition of […]

Assistance to Sugar Mills for Marketing, Transport & Export Fright expense

December 26, 2019 1776 Views 0 comment Print

Assistance to sugar mills for expenses on marketing costs including handling, upgrading and other processing costs and costs of international and internal transport and freight charges on export of sugar to be provided to facilitate export which is to be used for payment of cane price dues of farmers for the sugar season 2019-20 and […]

Consequences of Delayed Payments to Micro and Small Enterprises and Disclosure in Annual Accounts

October 13, 2019 4779 Views 0 comment Print

DELAYED PAYMENTS TO MICRO AND SMALL ENTERPRISES [Section – 15] 1. Where any supplier [Being MICRO OR SMALL ENTERPRISE], supplies any goods or any services to any buyer, – IF There is agreement in writing between supplier and buyer regarding payment Buyer shall make payment thereof on or before the date agreed between buyer and […]

MEIS: Eligibility on Export From SEZ/EOU Unit on behalf of DTA Unit

July 28, 2019 7971 Views 2 comments Print

DGFT clarified that the export which are made/have been made directly from SEZ/EOU unit to Foreign Consumer on whose behalf of DTA unit wherein export documents are prepared and field at the customs office of the concerned SEZ/EOU unit, mentioning the name of SEZ/EOU unit along with the name of DTA unit on whose behalf export are made, would be eligible for MEIS.

Pre-GST disputes: Relief under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019

July 8, 2019 1434 Views 0 comment Print

Relief available under Pre-GST Dispute Resolution Scheme [Indirect Tax Enactment such as Service Tax and Excise, Legacy Dispute resolution cum amnesty scheme, 2019 Relief proposed under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 introduced vide Union Budget 2019-20. 1. Where the tax dues are relatable to a show cause notice or appeals Tax Dues Relief […]

Self write offs of unrealized export bills

February 6, 2019 59169 Views 7 comments Print

An exporter who has not been able to realize the outstanding export dues despite best efforts, may either self-write-off or approach the AD, who had handled the relevant shipping documents, with appropriate supporting documentary evidence. The limits prescribed for write-offs of unrealized export bills are as under: Self-write-off by an exporter (Other than Status Holder […]

Procedure & Eligibility for Reimbursement of GST Under Seva Bhoj Yojna

January 2, 2019 3522 Views 4 comments Print

The Ministry of Culture has introduced a Central Sector financial assistance scheme called the„ SEVA BHOJ YOJNA‟ for the reimbursement of GST paid on the purchase of certain raw food items such as ghee, edible oil, atta/ maida/rava/flour and pulses used for distributing free food to general public/devotee by charitable/religious institutions like Gurudwaras, temples, Dharmik Ashrams, Mosques, Dargahs, Churches, Math, Monasteries, etc.

Registration & responsibility under Plastic Waste Management Rules, 2016

September 3, 2018 15804 Views 1 comment Print

This article explain the provision of Plastic Waste Management Rules 2016, requirement of registration thereunder and responsibilities of manufacturer, producer, street vendor etc. Act Environment (Protection) Act, 1986 Rule Plastic Waste Management Rules 2016 Applicability of rules (Rule-2(1)) Shall apply to every – Plastic waste generator, – Local body, – Gram Panchayat, – Manufacturer, – […]

Simplified processing of AEO-T1 application & Documentation

August 31, 2018 13689 Views 2 comments Print

PROCESSING OF ACCREDITATION OF AEO-T1 SIMPLIFIED In terms of Customs circular 33/2016 dated 22.07.2016 as amended by the Circular No. 3/2018- Customs dated January 17, 2018 & Circular No. 26/2018- Customs dated 10th August 2018 processing of AEO-T1 application is simplified. ANNEXURE REQUIRED FOR AEO-T1 APPLICATION AS PER OLD CIRCULAR AND NEW CIRCULAR IS AS […]

Preamble, Tittle and Applicability of GST Laws

July 16, 2018 7560 Views 0 comment Print

Article explains Preamble, Tittle and Applicability of Central Goods and Services Tax Act, 2017, Integrated Goods and Services Tax Act, 2017, Union Territory Goods and Services Tax Act, 2017, Goods and Services Tax (Compensation to States) Act, 2017 and [Name of State E.G. Bihar, Delhi, Up Etc.] Goods and Services Tax Act, 2017.

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