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EPCG authorisations have been taken in the past by several manufacturers and service providers to save on import duty, with an Export Obligation to be fulfilled over a period of time. However several manufacturers have … Continue reading

Govt’s initiative to boost Indian Agriculture overseas introduced Transport and Marketing Assistance Scheme for specified agricultural products On 27.02.2019 Govt of India notified a Scheme for “Transport and Marketing Assistance” (TMA) for some specified Agriculture products which … Continue reading

As we wrote in our last article dt. June 13, there have been many pitfalls and also loose ends in the way the applications for Service Exports Incentive Scheme (SEIS) were being filed. Many service exporters … Continue reading

For past many months news has been surfacing in the media that those companies that have wrongly claimed services export benefits under the erstwhile Served From India Scheme (SFIS)  are being asked via DRI to … Continue reading

Exporters who need to import Raw Material for their Export Product have traditionally been doing so using Advance Authorisation (AA) and thus getting the exemption on Basic Customs Duty(BCD) and additional duties like CVD, SAD … Continue reading

The general perception is that the scrips that are issued to an exporter as an incentive against his exports of goods or services can be utilised to import any importable item. Many times importers use … Continue reading

Service Exporters got yet another bonanza when the Government announced that the SEIS scrips that they receive against their exports, will now be issued at the increased rates for the next financial year too. Ie. … Continue reading

Two petitions have been filed in the Delhi and Mumbai high courts against a provision in the GST regime. The provision allows levying both the basic Customs duty and IGST on cost, insurance, and freight … Continue reading

The Directorate General of Foreign Trade (DGFT) has issued notices to about 100 Indian units of multinationals, demanding refund of around Rs 5,000 crore that it said they wrongly claimed since 2003 under an export … Continue reading

Moving along with the new GST System, DGFT now relax and eased the procedures for clubbing of advance authorisations issued under the periods of FTP Policy 2009-14 and 2015-20 and to facilitates the closure of … Continue reading

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