Page 26 - Tnc Rajagopalan

Untying the Gordian knot of Indo-Pak ties

India can consider taking the lead by allowing duty-free import of Pakistan-origin goods without insisting on reciprocal steps

'Declaration exempt for freely exportable trade samples'

. The bank's grant of waiver of declaration applies for export of goods free of cost

Hope as we look away from 2015

Despite the government's brave statements of India being the fastest growing economy in the world, the 24 per cent fall in export in November, 12th month of a double-digit decline, tells its story

'No restriction on invoicing of export contracts in Indian rupees'

India to talk tough on food at WTO summit

Refund rules need more than good intentions

'Mandatory pre-deposit is payable in cases of drawback claim'

New section 129E would apply to such cases

Some leeway on duty drawback

Duty incentives to boost exports

'Submission of shipping bills not necessary under MEI scheme'

CBEC weighs in on bulk cargo export

'Payment for imports must be made within six months of shipment'

In terms of the extant regulations, remittances against imports should be completed not later than six months from the date of shipment

CBEC revises arrest, prosecution norms

Its circulars prescribe threshold limits, due sanction from senior officers, procedures to be followed, monitoring disciplines and procedure for withdrawal of complaints

CBEC redefines import value of capital goods

CBEC now adds its own criteria for rejection of the transaction value, by prescribing comparison of the declared value with that determined on the basis of a chartered engineer's certificate

'Merchant exports can be counted towards export obligation'

However, one needs to fulfil all the conditions laid down in Para 5.10 of the Handbook of Procedures, Vol. 1

'Service tax is leviable on services provided within taxable territory'

The Place of Provision of Services Rules, 2012 helps you determine whether the services are provided within the taxable territory

Down comes the gavel on CBEC's binding circulars

The information hurdle in free trade agreements

Safeguard duty to hit user industries

The provisional safeguard duty will be effective for 200 days during which the DGS will conduct further investigations and submit final recommendations on whether to continue the levy or not

What counts is final measure