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Custom- Service Export from India Scheme (SEIS) under FTP 2015-2020

April 8, 2015 4769 Views 0 comment Print

Notification No. 25/2015 – Customs Dated- 8th April, 2015 Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods when imported into India against a Service Exports from India Scheme duty credit scrip issued by the Regional Authority under paragraph 3.10 read with paragraph 3.08 of the Foreign Trade Policy

Customs-Merchandise Export from India Scheme (MEIS) under FTP 2015-2020

April 8, 2015 7131 Views 0 comment Print

Notification No. 24/2015 – Customs Dated- 8th April, 2015 Central Government hereby exempts goods when imported into India against a duty credit scrip issued by the Regional Authority under the Merchandise Exports from India Scheme in accordance with paragraph 3.04 read with paragraph 3.05 of the Foreign Trade Policy

Excise Duty- Service Export from India Scheme (SEIS) under FTP 2015-2020

April 8, 2015 1335 Views 0 comment Print

Notification No. 21/2015-Central Excise Dated- 8th April, 2015 Central Government exempts goods specified in First Schedule and Second Schedule to Central Excise Tariff Act, 1985, when cleared against a Service Exports from India Scheme duty credit scrip

Excise- Merchandise Export from India Scheme (MEIS) under FTP 2015-2020

April 8, 2015 2462 Views 0 comment Print

Notification No. 20/2015-Central Excise Dated- 8th April, 2015 Govt. exempts goods specified in First Schedule and Second Schedule to Central Excise Tariff Act, 1985 , when cleared against a duty credit scrip issued by the Regional Authority under Merchandise Exports from India Scheme

ST-Service Export from India Scheme (SEIS) under FTP 2015-2020

April 8, 2015 3192 Views 0 comment Print

Notification No. 11/2015 – Service Tax Dated- 8th April, 2015 Central Government exempts taxable services provided or agreed to be provided against a scrip by a person located in the taxable territory from whole of the service tax leviable thereon under section 66B of the said Act.

ST- Merchandise Export from India Scheme (MEIS) under FTP 2015-2020

April 8, 2015 4108 Views 1 comment Print

Notification No. 10/2015 – Service Tax Dated- 8th April, 2015 Central Government exempts taxable services provided or agreed to be provided against a Merchandise Exports from India Scheme duty credit scrip (MEIS) by a person located in the taxable territory from the whole of the service tax leviable thereon

Export Policy of Onions – reduction in MEP to US$ 250 per Metric Ton

April 7, 2015 361 Views 0 comment Print

NOTIFICATION NO. 2/2015-2020, Dated: April 7, 2015 Export of all varieties of onions as described above will be subject to a Minimum Export Price (MEP) of US$ 250 per MT (reduced from MEP of US$ 300 per MT earlier).

Refinancing of Exposures to Borrowers – Norms on Income Recognition, Asset Classification & Provisioning

April 6, 2015 922 Views 0 comment Print

Further, in terms of the circular dated April 22, 2014, it was advised that utilisation of export advances, received on the strength of guarantees issued by Indian banks, for repayment of loans availed of from Indian banks (except in cases where banks have received

Projects Under Implementation – Change in Ownership- Provisioning norms pertaining to Advances

April 6, 2015 1644 Views 0 comment Print

We have been receiving representations from banks that, in the case of projects which have been stalled primarily due to inadequacies of the current promoters, a change in ownership/management may be required to revive the project. However, the new promoters/developers may require additional time to revive/complete the stalled projects.

DGFT notifies Foreign Trade Policy, 2015-2020

April 1, 2015 5693 Views 0 comment Print

Notification No.01/2015-2020 Dated April 1, 2015 Central Government hereby notifies the Foreign Trade Policy, 2015-2020. This Foreign Trade Policy shall come into force w.e.f. 01.04.2015.

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