A market intelligence and network programme integrated into the FTP will widen the markets for aspiring SMEs while also strengthening existing exporters. To tie it
Category: EXIM
taxation: CBDT notifies rules for tax deduction on non-salary payments to NRIs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbdt-notifies-rules-for-tax-deduction-on-non-salary-payments-to-nris/articleshow/81553049.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In case of taxability, the amount which is liable to tax will be determined. In case of non-taxability, a certificate specifying the amount
Draft e-commerce policy could add to compliance burden of stakeholders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/draft-e-commerce-policy-could-add-to-compliance-burden-of-stakeholders/article34085913.ece Under pressure from national trade lobbies, the Government’s latest amendments to the draft national e-Commerce Policy is expected to add to the compliance
Steel firms may find it tough to export next fiscal as domestic demand increases – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/steel-firms-may-find-it-tough-to-export-next-fiscal-as-domestic-demand-increases/article34081337.ece With the economy returning to normal slowly, steel consumption topped 10 million tonnes in Dec and Jan Indian steel companies will face problems
SME-boost with foreign trade policy: A market intelligence programme under FTP will widen the markets for SMEs – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/sme-boost-with-foreign-trade-policy-a-market-intelligence-programme-under-ftp-will-widen-the-markets-for-smes/2213396/ A market intelligence and network programme integrated into the FTP will widen the markets for aspiring SMEs while also strengthening existing exporters. To
Hit to exports: Exporters fear low RoDTEP refunds – The Financial Express
Clipped from: https://www.financialexpress.com/economy/hit-to-exports-exporters-fear-low-rodtep-refunds/2212622/ The Pillai committee was set up only in late July last year to undertake a humongous exercise of recommending RoDTEP rates for thousands
US stimulus effect to be felt beyond its shores | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/us-stimulus-effect-to-be-felt-beyond-its-shores-121031500001_1.html The package takes pandemic-related spending in the US to over $6 trillion since the start of the crisis. On Thursday, US President Joe Biden signed
Fed interest rate decision, macro data to guide stock markets this week | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/fed-interest-rate-decision-macro-data-to-guide-stock-markets-this-week-121031400184_1.html Updates on COVID-19 situation and related news will also remain on participants’ radars, says an analyst Indian equity markets will be guided by the US
India FX reserves surpass Russia’s to become world’s 4th biggest | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-fx-reserves-surpass-russia-s-to-become-world-s-4th-biggest-121031400470_1.html Reserves for both countries have mostly flattened out this year Photo: Bloomberg India’s foreign-exchange reserves surpassed Russia’s to become the world’s fourth largest,
China targets 6% growth in 2021; to spend 3 times India’s on defence | Business Standard News
Clipped from: https://www.business-standard.com/article/international/china-targets-6-growth-in-2021-to-spend-3-times-india-s-on-defence-121030600066_1.html 6.8% jump in budget for military to $209 mn is the biggest in 2 years Chinese President Xi Jinping took off his mask
India’s exporters benefit scheme suffers from low outlay, might run into implementation gaps–THE ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/rodtep-indias-exporters-benefit-scheme-suffers-from-low-outlay-might-run-into-implementation-gaps/articleshow/81460575.cms SynopsisWith interest rates at historical lows this is the right time to give a liquidity boost to Indian exporters. While the Union Budget
Customs duty on imported solar cells likely to hike power bill by 20% | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/customs-duty-on-imported-solar-cells-likely-to-hike-power-bill-by-20-121031101415_1.html There is a 14.5-per cent safeguard duty on imported solar gears from China and Malaysia. SEZ manufacturing units are considered on a par
Producers of corrugated boxes in South urge Centre to ban export of kraft paper – The Financial Express
Clipped from: https://www.financialexpress.com/industry/producers-of-corrugated-boxes-in-south-urge-centre-to-ban-export-of-kraft-paper/2210843/ G Nagaraj, president, SICBMA, said that the corrugated box industry is eco-friendly as it uses biodegradable kraft paper as the main raw material.
Dealing with tariff complaints | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/dealing-with-tariff-complaints-121030901706_1.html WTO’s India review shows protectionism has alienated partners The recently released minutes of the meeting at the World Trade Organization (WTO) to discuss
Merchandise export receivables can’t be set off against service import dues | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/merchandise-export-receivables-can-t-be-set-off-against-service-import-dues-121030801164_1.html You may remit the amount against the import of services separately and ask the buyer abroad to remit the full payment against your
Regional Authority becomes redundant as DGFT goes online | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/regional-authority-becomes-redundant-as-dgft-goes-online-121030800008_1.html The prescribed processes for adjudication now require the exporter or importer to submit online the documents called for by the jurisdictional authority In
High Courts serve notice on Centre over IGST rebate by exporters | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/high-courts-serve-notice-on-centre-over-igst-rebate-by-exporters-121011901728_1.html Exporters were earlier entitled to import raw material without payment of IGST under the AA licence Exporters were earlier entitled to import raw
Exporters get the shivers from two provisions in Finance Bill 2020 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/exporters-get-the-shivers-from-two-provisions-in-finance-bill-2020-121022400844_1.html They are worried that the two proposals would make it difficult to seek refunds under indirect tax laws Exporters are a worried lot
Reconsider disallowing IGST for exports: Commerce department to FinMin | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/reconsider-disallowing-igst-for-exports-commerce-department-to-finmin-121022600070_1.html The move to disallow IGST for exporters is aimed to plug large-scale frauds in the GST system Exporters have said that over time
Gujarat HC admits petition to review its order on IGST benefits | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/gujarat-hc-admits-petition-to-review-its-order-on-igst-benefits-121030801019_1.html Petition was heard by a special bench that had given earlier order. Matter posted for hearing on April 9 The court also upheld
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