Corporate Law : Delve into the vital role of biosafety laws in protecting biodiversity amid global interconnection. Explore Cartagena Protocols, I...
Custom Duty : Discover inconsistencies and issues in Notification No.52/2003-Cus dated 31.03.2003 regarding EOUs, their impact, and need for cla...
DGFT : Discover difficulties faced by importers, exporters, and individuals when paying customs duties, taxes, interest, penalties, and f...
DGFT : This article aims to identify the significance and changes in the foreign trade policy. The foreign trade policy is a legal docume...
DGFT : Explore the new Amnesty Scheme under the Foreign Trade Policy 2023, allowing a one-time settlement for default in export obligatio...
DGFT : Explore the highlights of Ministry of Commerce & Industry's Year End Review 2023, including the launch of Foreign Trade Policy 202...
DGFT : Foreign Trade Policy (2023) is a policy document which is based on continuity of time-tested schemes facilitating exports as well ...
Custom Duty : Assessee-company who was an exporter of rice and other agricultural products, received an Order from its overseas buyer M/s Indi S...
Excise Duty : Read the detailed analysis of the Calcutta High Court judgment in Narendra Tea Company vs. Union of India, allowing the 100% EOU's...
Custom Duty : CESTAT Kolkata confirms redemption fine and penalty against Karan Impex for importing old clothing. Detailed analysis of the order...
DGFT : Read the Delhi High Court judgment on Rajesh Gupta & Ors. vs DGFT. No permission for open market raw material purchase when Advanc...
Custom Duty : CESTAT Chennai held that in absence of foreign marking and any other cogent evidence, onus is on department to prove that the smug...
DGFT : Notification No. 03/2023 by DGFT permits export of essential commodities like eggs, rice, and sand to Maldives for 2024-25, exempt...
DGFT : Explore Government of Indias DGFT Notification 61/2023, extending the import period for Yellow Peas. Get insights on revised polic...
This article aims to identify the significance and changes in the foreign trade policy. The foreign trade policy is a legal document which was Issued by the Central government through the Foreign Trade Development and Regulation Act 1992.
Explore the new Amnesty Scheme under the Foreign Trade Policy 2023, allowing a one-time settlement for default in export obligations by Advance and EPCG authorization holders. Learn about the covered schemes, key highlights, eligibility, benefits, and the procedure for availing this significant relief provided by the Ministry of Commerce and Industry. Act now to address defaults and ensure compliance with the latest regulations.
The new FTP also introduces a one-time Amnesty Scheme for exporters to provide relief to the exporters who were unable to fulfil their Export Obligations against the EPCG and Advance Authorizations, in order to regularise the same.
CESTAT Chennai held that in absence of foreign marking and any other cogent evidence, onus is on department to prove that the smuggled nature of the goods.
This article is aimed at giving a comparative analysis of the new HBP provisions with the old provisions. In the new HBP 2023, the clarifications and instructions given under various occasions were summed up and provided for. Some of the provisions need further clarifications in due course of time.
The FTP 2015-20 was extended till 31.03.2023 and a new FTP 2023 without any end date has been announced effective 01.04.2023. In this article only Chapter 6 of the Policy is being compared and comments were given wherever the changes were proposed
Foreign Trade Policy (2023) is a policy document which is based on continuity of time-tested schemes facilitating exports as well as a document which is nimble and responsive to requirements of trade.
