DGFT : Explore evolution, regulations, and challenges of insider trading in India. Learn about SEBI's role, notable cases, and proposed s...
DGFT : Learn everything about the Advance Authorisation Scheme for duty-free inputs in exports. Eligibility, application procedure, duty ...
DGFT : Foreign Trade Policy update: DGFT extends RoDTEP benefits to AA, EOU, and SEZ units vide Notification No. 70/2023, dated March 8, ...
DGFT : Explore how manufacturers can import goods for export production without a BIS certificate through Advance Authorization, ensuring...
DGFT : Explore the Amnesty Scheme for Advance Authorization and EPCG License holders provided by the Government. Regularize pending cases...
DGFT : CBIC introduces electronic disbursal of duty drawback directly to exporter's bank accounts via PFMS, enhancing transparency and ef...
Custom Duty : CBIC's E-scrip module for digital access to RoSCTL and RoDTEP schemes. Step-by-step guide for exporters, including account creati...
DGFT : Government is implementing Trade Infrastructure for Export Scheme (TIES) with the objective of assisting Central and State Govern...
DGFT : Export Promotion Government is encouraging and promoting Indian exports in international markets and initiate suitable interventio...
DGFT : EPCG stands for Export Promotion Capital Goods. The objective of this scheme is to facilitate the import of capital goods with the...
Custom Duty : Read the full text of the CESTAT Kolkata order on whether Olectra Greentech qualifies for DFIA scheme benefits for importing Lithi...
Custom Duty : CESTAT Kolkata upholds refund claim by New Way Vyapaar Private Limited, stating customs duty paid through DEPB Scrip cannot be rej...
DGFT : Supreme Court has reversed the decision of Guj HC Decision & allowed the Revenue Appeal GST/Customs - Section 3(7) and Section (9...
Custom Duty : DEPB licences sold by the appellant were based on fabricated documents showing export of goods to Bangladesh through Land Customs ...
Custom Duty : Colour Cottex Pvt Ltd Vs Commissioner of Customs (Exports) (Delhi High Court) Delhi High Court find merit in Revenues contention...
Custom Duty : The audit found widespread control gaps, delayed processing, and weak automation in duty drawback administration. These deficienci...
Custom Duty : Explore instructions from the Ministry of Finance, Department of Revenue for reducing physical interface while addressing queries ...
Custom Duty : Explore the Ministry of Finances Amnesty Scheme for one-time settlement of export obligation defaults by Advance License and EPCG ...
Custom Duty : The Ministry of Textiles announces updates to the RoSCTL scheme, increasing rebates on textile exports until March 2026. Details i...
Custom Duty : Read about the Ministry of Textiles' decision to extend the RoSCTL scheme for apparel and made-ups exports, ensuring competitivene...
Bharat Rasayan Ltd. Vs ACIT (ITAT Delhi) We have also examined the para no. 3.15.3 of the scheme document of the Foreign Trade Policy of Government of India, Ministry of Commerce and Industry wherein it was specified that market linked focus products scripts (MLFPS) is meant for export of products of high export intensity employment […]
The United States lodged a complaint against India before WTO on 14.03.2018 alleging that export subsidies provided by India under five sets of measures viz. the Export Oriented Units, Electronics Hardware Technology Park and Bio-Technology Park (EOU/EHTP/BTP) Schemes;
A new scheme, RoDTEP (Remission of Duties and Taxes on Exported Products) has been launched by the government for exporters. The scheme provides for rebate of Central, State and Local duties/taxes/ levies which are not refunded under any other duty remission schemes. The broad provisions are as under: I. To avail the scheme exporter shall […]
Chartered Accountant with more than 15 years of practice. Specialized in the field of Indirect taxation and Foreign Trade Policy. GST consultant for various companies. Assisted many Exporters in documentation and in obtaining the Export Incentive from the DGFT. RODTEP SCHEME A new scheme RoDTEP has been introduced from 1.1.2021 instead of MEIS scheme which […]
We refer to our earlier article on introduction of RoDTEP Incentive scheme with effect from 01 January 2021. In relation to the said press release, ICEGATE has issued Advisory No. 01/2021 dated 01 January 2021. Please find below a brief note on important aspects from the Advisory. The broad provisions of the scheme: Pre-requisite for […]
As we all are aware that the Government was in discussion for the introduction of a new benefit of Remission of Duties and Taxes on Exported Products (RoDTEP) on merchandise exports replacing the existing Merchandise Exports from India Scheme (MEIS) Scheme. In relation to the same, the Ministry of Finance has recently issued a Press […]
Members of trade are already aware that a new Scheme, Remission of Duties and Taxes on Exported Products (RoDTEP) has been approved for introduction by the Government.
The pars 4.01 (d) of the FTP is about the Scheme for RoSL. The Gazette notifications of the Ministry of Textiles about implementation of RoSL. Scheme under scrip mechanism May be referred to for more details. The RoSL scrips shalt be issued only for such old shipping bills Of Scheme for RoSL., for which RoSL amounts could net he disbursed earlier due to budget limitation.
This report contains significant results of the performance audit on Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS), which was conducted to seek an assurance on the success of facilitation measures introduced for simplifying the process of issuance of scrips and to examine effective linkage of rules and procedures of the Schemes in Directorate General of foreign Trade (DGFT) Electronic Data interchange (EDI) system.
India lost the battle before the WTO panel (panel) when number of export incentive schemes that were (are) in vogue were called off as illegal per the SCM agreement. The mischief of MEIS, as pointed out by the panel, was that instead of providing countervailing rates for setting of the input taxes, the rates were […]
