export promotion council

SEZ developers step up demand for continued Income-Tax exemptions, Seek Centre, States intervention

Income Tax - The likelihood of new units in Special Economic Zones losing Income-Tax exemptions in the Direct Taxes Code regime has stepped up representations to the Centre. According to the DTC revised draft, units coming up in SEZs after the implementation of the Code from April 1, 2011, would not get I-T holiday....

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FAQ on the Exemption/ Refund Scheme for Exporters

Income Tax - Refund scheme to exporters was introduced by notification no. 41/2007 dated 6th Oct 2007. The scope of refund was enhanced from time to time along with the procedural changes. To make the scheme simple and ensure speedier disposal, two notifications 17-2009-ST and 18-2009-ST have been issued on 7th July 2009 superseding the earlier scheme...

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Highlights of Foreign Trade Policy, 2008

Income Tax - DEPB Scheme Extended Till May 2009. Income Tax Benefit To 100% EOUs Under Section 10-B Of It Act Being Extended For One Year Beyond 31stmarch 2009. New Export Promotion Council For Telecom Sector . 5% Additional Duty Credit For Export Of Toys And Sports Goods...

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Anand Sharma Announces Exports Incentives for more than 600 Products

Income Tax - Market Linked Focus Product Scheme (MLFPS): 335 New Products incentivised under MLFPS at 8 digit level, eligible for benefits @ 2% of FOB value of exports to 15 specified markets. These markets are Algeria, Egypt, Kenya, Nigeria, Tanzania, South Africa, Ukraine, Mexico, Brazil, Australia, New Zealand, Cambodia, Vietnam, China and Japan....

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Government Cautions exporters on exports to Greece

Income Tax - The Government has advised exporters that in view of the crisis in Greece, exports should be carried out only against an irrevocable letter of credit. Stating this in a written reply in Lok Sabha, the Minister of State for Finance, Mr Namo Narain Mee...

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Single window clearance will help speed up SEZ progress

Income Tax - There is a need to focus on single window clearance for speeding up the progress of Special Economic Zones, according to Mr D.K. Mittal, Additional Secretary, Department of Commerce, Government of India. Addressing the participants in an open house ...

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SEZ developers step up demand for continued Income-Tax exemptions, Seek Centre, States intervention

Income Tax - The likelihood of new units in Special Economic Zones losing Income-Tax exemptions in the Direct Taxes Code regime has stepped up representations to the Centre. According to the DTC revised draft, units coming up in SEZs after the implementation of the Code from April 1, 2011, would not get I-T holiday....

Read More

Government yet to clarify on tax treatment towards SEZs in Direct Taxes Code

Income Tax - Even as Larsen and Toubro withdrew its proposal for an IT/ITeS Special Economic Zone (SEZ) citing uncertainty in tax treatment towards SEZs in the Direct Taxes Code (DTC), the Commerce Ministry has said the Finance Ministry is yet to consult it on the continuity of fiscal sops in the DTC to these tax-free zones....

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RBI circular on Advance Remittance for Import of Rough Diamonds

RBI/2009-10/274, A.P. (DIR Series) Circular No. 21 - (29/12/2009) - banks have been permitted to make advance remittance without any limit and without bank guarantee or standby letter of Credit, by an importer (other than Public Sector Company or Department / Undertaking of the Government of India /State Governments) , for import of rough diamonds into India from ei...

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Recent Posts in "export promotion council"

Anand Sharma Announces Exports Incentives for more than 600 Products

Market Linked Focus Product Scheme (MLFPS): 335 New Products incentivised under MLFPS at 8 digit level, eligible for benefits @ 2% of FOB value of exports to 15 specified markets. These markets are Algeria, Egypt, Kenya, Nigeria, Tanzania, South Africa, Ukraine, Mexico, Brazil, Australia, New Zealand, Cambodia, Vietnam, China and Japan....

Read More
Posted Under: Fema / RBI |

Government Cautions exporters on exports to Greece

The Government has advised exporters that in view of the crisis in Greece, exports should be carried out only against an irrevocable letter of credit. Stating this in a written reply in Lok Sabha, the Minister of State for Finance, Mr Namo Narain Mee...

Read More
Posted Under: Fema / RBI |

Single window clearance will help speed up SEZ progress

There is a need to focus on single window clearance for speeding up the progress of Special Economic Zones, according to Mr D.K. Mittal, Additional Secretary, Department of Commerce, Government of India. Addressing the participants in an open house ...

Read More
Posted Under: Fema / RBI |

SEZ developers step up demand for continued Income-Tax exemptions, Seek Centre, States intervention

The likelihood of new units in Special Economic Zones losing Income-Tax exemptions in the Direct Taxes Code regime has stepped up representations to the Centre. According to the DTC revised draft, units coming up in SEZs after the implementation of the Code from April 1, 2011, would not get I-T holiday....

Read More
Posted Under: Fema / RBI | ,

Government yet to clarify on tax treatment towards SEZs in Direct Taxes Code

Even as Larsen and Toubro withdrew its proposal for an IT/ITeS Special Economic Zone (SEZ) citing uncertainty in tax treatment towards SEZs in the Direct Taxes Code (DTC), the Commerce Ministry has said the Finance Ministry is yet to consult it on the continuity of fiscal sops in the DTC to these tax-free zones....

Read More
Posted Under: Fema / RBI |

Government announced series of new incentives for exporters

Shri Anand Sharma, Union Minister of Commerce and Industry, while addressing the media here today, has announced a series of new incentives for exporters. These are as follows: 1. New Products under Focus Product Scheme (FPS): 1.1 112 new products added under FPS at 8 digit level, eligible for benefits @ 2% of FOB value of exports to all...

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Posted Under: Fema / RBI |

RBI circular on Advance Remittance for Import of Rough Diamonds

RBI/2009-10/274, A.P. (DIR Series) Circular No. 21 (29/12/2009)

banks have been permitted to make advance remittance without any limit and without bank guarantee or standby letter of Credit, by an importer (other than Public Sector Company or Department / Undertaking of the Government of India /State Governments) , for import of rough diamonds into India from eight mining companies, subject to certain...

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GJEPC suggested changes in proposed Direct Tax Code (DTC)

The gems and jewellery industry wants provisions such as search and seizure and tax on gross assets in the Direct Taxes Code to be modified.It says these provisions could be detrimental to the sector’s growth which has been showing signs of recovery afterreeling under recession. Industry representatives also appealed to the Government t...

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Posted Under: Fema / RBI |

FAQ on the Exemption/ Refund Scheme for Exporters

Refund scheme to exporters was introduced by notification no. 41/2007 dated 6th Oct 2007. The scope of refund was enhanced from time to time along with the procedural changes. To make the scheme simple and ensure speedier disposal, two notifications 17-2009-ST and 18-2009-ST have been issued on 7th July 2009 superseding the earlier scheme...

Read More
Posted Under: Fema / RBI |

Service tax exemption to five more export promotion councils

The Finance Ministry has extended service tax exemption to five more export promotion councils (EPCs). With this move, the total number of EPCs that could avail themselves of service tax exemption has gone up to 27 across the country. Budget 2009-10 had provided exemption on the service tax leviable under “club or association services...

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Posted Under: Fema / RBI |
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