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 : 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...
Custom Duty : Introduction: In a significant development for exporters, the Government of India, through the Ministry of Finance’s Departm...
Many of us are awaiting for DGFT online portal to start with online application filing of MEIS, SEIS and RoSL / RoSCTL for the exports made till December 2020. In the meantime, the Commerce Ministry has issued Notification No. 26/2015-2020 dated 16 September 2021 to notify Last date for submitting applications for scrip based FTP schemes and […]
The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) has been notified to be 31.12.2021, in supersession of any such provision in the Hand Book of Procedures, 2015-20 going forward. Further, the validity of any scrip issued under FTP from the date […]
Under the decisive leadership of Hon’ble Prime Minister Shri NarendraModi, Government of India has decided to budget Rs 56,027 crore in this Financial Year FY 21-22 itself in order to disburse all pending export incentives due to exporters. This amount includes claims relating to MEIS, SEIS, RoSL, RoSCTL, other scrip based schemes relating to earlier policies and the remission support for RoDTEP and RoSCTL for exports made in the 4th quarter of FY 20-21. Benefits would be disbursed to more than 45,000 exporters, out of which about 98% are small exporters in the MSME category.
Background: Indian Exporters have been waiting for last 8 months for the announcement of the benefits under RoDTEP (Remission of Duties and Taxes on Exported Products) Scheme. Ministry of Commerce & Industry under Department of Commerce has finally come out with the Scheme Guidelines by issuing the Notification No. 19/2015-2020 dated 17th August 2021 providing […]
Jindal Drugs Private Limited Vs Union of India (Madras High Court) In this case, supply has been made by the petitioner to FTWZ for onward shipment at the behest of the purchaser, UTEXAM, to a location of its choice. This modus operandi is supported by the documentation placed on record by the petitioner. Thus, DHL […]
Auto sector contributes 6.40% to the GDP of India and provides employment to 19 million people directly or indirectly hence is a very important sector. By 2026 it is expected to be third largest in terms of volume, at present it is the largest tractor manufacturer second largest bus manufacturer and third largest heavy trucks […]
Two ITC HS codes 30036000 and 30046000 have been included in the MEIS Schedule and are eligible for MEIS benefits for exports made in the period 01.01.2017 to 31.12.2020 at the rate of 3% . Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 18/2015-2020 […]
With the spate of bank failures in independent India putting the depositors’ money at risk, India passed DICGC Act in 1961 through which Deposit Insurance & Credit Guarantee Corporation of India (DICGC) came into existence.
issuance of benefits/scrips under MEIS, SEIS, ROSL and ROSCTL Schemes would be on hold for a temporary period due to changes in the allocation procedure. During this period, no fresh applications would be allowed to be submitted at the online IT module of DGFT for these schemes and all submitted applications pending for issuance of scrips would also be on hold.
HC set aside the order rejecting the claim of assessee that disentitled assessee from claiming MEIS Scheme benefits and held that, assessee will be entitled for such benefits and shipping bills reveal a clear intention of the assessee to avail benefit under MEIS Scheme and directs Revenue Department to grant consequential benefits within 8 weeks.
