The Central Board of Excise and Customs (CBEC) has put in place an alternative mechanism to refund Integrated Goods and Services Tax (IGST) already paid
Category: EXIM
Expedite GST refunds to all exporters: Make interim payments, tally and settle later–Economic Times–04.03.2018
At a time when the world is experiencing a rare bout of coordinated growth in the developed and emerging economies, India’s export has been lethargic.
PNB fraud fallout: Wary banks choke MSMEs’ credit lines – Business Line–02.03.2018
Some banks are demanding 110% margin from importers, says industry body Call it the PNB scam fallout. Micro, small and medium enterprises (MSMEs) are facing
Ex-RBI governor Subbarao cautions govt against deficit, import duties | Business Standard News–01.03.2018—–*****
Former RBI governor D Subbarao today cautioned against India’s deficit challenge and said the country is no longer the sweet spot due to rising oil
Donald Trump mocks India’s import duty cut on Harley Davidson bikes; mimics PM Modi along the way–Business Today–28.02.2018
For a second time in two weeks, US President Donald Trump raked up the issue of import duties on Harley-Davidson motorcycles in India. Speaking at
Mr. Rajiv Kumar-Niti Aayog–] All Geared to boost farm income- Business Today–28.02.2018—–*****
This is perhaps the first budget which brings the farmer and rural India to the centre of economic policy and fiscal allocations. It lays the
GST refunds: View: The more things change, the more they remain the same. Just look at GST’s whipping boys – The Economic Times–28.02.2018—–*****
By Ajay Sahai Exporters have been made the whipping boy for delays in goods and services tax (GST)-related exports refund. An exporter who is hard-pressed
‘Value of goods cleared from SEZ to DTA must follow Customs laws’ | Business Standard News–28.02.2018
We want to send goods from our SEZ unit to our own DTA unit on stock transfer. Do we have to file bill of entry
70% IGST refund stuck due to flawed claims filed by exporters: CBEC – The Financial Express–26.02.2018
As about 70 per cent of GST refunds stuck due to flawed information, the CBEC has asked exporters to amend the details in the final
Benefits Of Strong Rupee-Minhaz Merchant – BW Businessworld–25.02.2018—–*****
Over the past six months, the Indian rupee has appreciated by nearly seven per cent against the US dollar. According to conventional wisdom, exports should
IGST rules change again for export | Business Standard Column–24.02.2018
Last month, the government amended Rules 89 and 96 of the Central Goods and Services Tax (CGST) Rules, 2017, through notification 3/2018-GST dated January 23,
Worrying trend: India’s export woes have little to do with global demand | Business Standard Editorials–24.02.2018
Worrying signals are flashing for Indian exports, as growth slowed to 9 per cent in January 2018 from 12.3 per cent in December 2017, even
GST blues for exporters – Business Line–24.02.2018
Refund delays, with respect to IGST and input tax, have hit small units More than eight months after the introduction of GST, exporters remain cash-strapped
Worrying trend: India’s export woes have little to do with global demand | Business Standard Editorials–24.02.2018
Worrying signals are flashing for Indian exports, as growth slowed to 9 per cent in January 2018 from 12.3 per cent in December 2017, even
Exim Bank, UNDP ink pact to extend financial support to MSMEs in N-E – Business Line–24.02.2018
Export-Import Bank of India (Exim Bank) on Friday said it has signed an agreement with the United Nations Development Programme (UNDP) for financing a project
Across the aisle: More voices against Budget provisions | The Indian Express–24.02.2018
February 2018 taught me — and I hope many others — a lesson in politics: that 25 years are long enough to erase memories of
Exports up 9 pct in January; trade deficit widens to over 3 yr high – The Financial Express–16.02.2018
India’s exports grew by 9 per cent to USD 24.38 billion in January, helped by a healthy growth in shipments of chemicals, engineering goods and
Exporters claiming higher drawback must submit self-declaration | Business Standard News–13.02.2018
For all exports made with effect from July 1, 2017 for which higher rate of drawback is claimed, exporters have to submit the self-declaration in
Support for export promotion schemes to cross ₹1 lakh crore this fiscal: Prabhu – Business Line–09.02.2018
Financial support for exporters through various export promotion schemes is likely to cross ₹1,00,000 crore in 2017-18, Commerce and Industry Minister Suresh Prabhu said. The
A protectionist turn: Customs duty hike in Budget 2018 is a step backwards | Business Standard Editorials–07.02.2018
One of the more questionable changes brought about by the Union Budget was the decision to raise import duties on over 50 items. While introducing
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