Page 5 - Tnc Rajagopalan

Goods exempted under notifications can be brought into bonded warehouses

RBI itself allows initial period of 9 months to realise export proceeds

Reciprocal tariffs: Customs scrutiny to get more strict everywhere

The exporters using any inputs from China should now be wary of the US Customs

US tariffs: Exporters must be ready to prove origin of goods to Customs

Rules of origin (RoO) are used by most countries to implement measures such as anti-dumping duties and anti-subsidy countervailing duties

Remittance to foreign print media for ads allowed from EEFC account

Rajagopalan answers SME queries related to GST, export and import matters

India's export performance remains uninspiring amid weak global position

In 2015, the government said that it aims to increase India's exports of merchandise and services from $465.9 billion in 2013-14 to approximately $900 billion

All EOU, AAH, SEZ exports during extended period should get Rodtep benefits

Rodtep scheme seeks to refund the duties/taxes/levies, at Central, State and local level, borne on manufacture and distribution of the exported product, which are not rebated through any other schemes

'Merchanting trade' includes supply of goods within same foreign country

The CBEC Circular no.38/97-Customs dated 19th September 1997 says that any group company having status recognition as 'export house' under the FTP can give the corporate guarantee

How ICEGATE is making the functioning of EOUs and SEZs difficult

The implementation of the Goods and Services Tax (GST) regime imposed heavy costs on the trade due to unpreparedness of the GST Network, the digital platform, to handle the processes

CBIC must re-examine, clarify on non-duty paid inputs for drawback

Section 75(1) of the Customs Act, 1962, allows drawback of the Customs and Central Excise paid on the inputs used in the manufacture or processing of the export products

Chatroom: EOU exemption on inputs unavailable for services not exported

You should prepare an e-way bill for sending the goods to the consignee, as instructed by the foreign buyer

US President Donald Trump and tariffs unnerve equity, bond markets

Given the prospects of global economic slowdown and fragmentation of global trade, India is rushing to work out some sort of trade deal or the other with UK, EU and US

Useful initiatives from CBIC to simplify trade for importers, exporters

The CBIC Customs Manual 2025 explains in simpler words the role of the Customs, various legal provisions and gives the gist of relevant departmental instructions till February 1

Customs should not act while redemption application is pending with DGFT

Rule 53 of the SEZ Rules, 2006 has no provision to count any supply from a SEZ unit to a bonded warehouse as earnings for the purpose of NFE calculations

Trump's 'reciprocal tariffs' may complicate US duty rate structure

Prime Minister Modi is only the fourth leader of a country, after Japan, Israel and Jordon to meet Trump in his second term to discuss a range of issues including tariffs

Donald Trump's belligerence will help China's image as reliable partner

Trump has threatened to increase the import duties on goods from Taiwan, Europe and India

Chatroom: Surrender of erroneous drawback payment also attracts interest

TNC Rajagopalan answers SME queries related to GST, export and import matters

Budget 2025: Focus on domestic consumption amid global uncertainties

The Budget contains facilitation measures to help exporters of handicrafts, leather goods, and marine products

Red Sea shipping route may stay open, if Israel-Hamas truce continues

In the last 14 months, the Houthis, using shore-to-ship missiles procured from Iran, have targeted about 200 vessels in the Red Sea

Chatroom: Clarity needed on Rodtep scheme extension for EOU/SEZ/AA exports

That notification now allows exporters to open foreign currency accounts outside India to receive export proceeds and utilise the funds for making payments for imports

India not too perturbed by Trump's disruptive agenda for businesses

With a bigger mandate for his second term, Trump has promised to hike the tariffs across the board and levy higher import duties on goods from China, Mexico, Canada and India