Page 8 - Tnc Rajagopalan

New electric vehicle scheme links lower import duty with FDI

EVs attract a BCD of 100 per cent for those priced above $40,000 per unit and 70 per cent BCD for those priced at $40,000 or less

QCOs of only three ministries exempted from imports under AA/EOU/SEZ

When we get the EPCG authorization, we can get the bill of entry finalized by claiming the exemption under the relevant Customs notification

TEPA with EFTA - welcome but no big deal

The EFTA's market access offer covers 100 per cent of non-agricultural products and tariff concessions on processed agricultural products

Govt plugs loopholes in imports of QCO items

The new disciplines imposed on imports of items subject to QCOs are well intended

Chatroom: ADD not exempt on imports under the EPCG authorisations

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

Europe's higher defence expenditure may hit exports

To find more resources to fund higher defence expenditure, Europe may have to raise taxes or cut government spending on welfare and other development activities

WTO MC13 may not achieve much

The global trading rules agreed at the conclusion of the Uruguay round of negotiations at Marrakesh in April 1994 that led to the establishment of the WTO have largely remained unchanged

EOU can exit under EPCG scheme for CG procured from DTA also: Expert

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

Govt should talk more on its steps to protect farmer interests

The WTO Agreement on Agriculture (AoA) was one of the many agreements that were negotiated during the Uruguay Round and the option available was to accept all the agreements or none

Downside risks to growth persist

The odds of soft-landing have increased with inflation moving closer to the target and growth holding up better than expected in major advanced and emerging market economies

'Date of DBK payment is date of credit to exporter's bank account'

In my opinion, you have to close the EPCG authorisations taken for the capital goods installed in unit 'A' only, the DTA unit that is being converted into EOU

Interim Budget indicates the way forward

On the external sector, the Finance Minister said that geopolitically, global affairs are becoming more complex and challenging with wars and conflicts

Not self-reliance, focus must be on 'competitive India'

The President said that the Fundamental Duties enshrined in the Constitution are essential obligations of every citizen towards making Bharat a developed nation when it completes 100 years of freedom

Customs can ask for purchase invoices from exporters claiming DBK, Rodtep

Rule 9 of the Customs and Central Excise Duties Drawback Rules, 2017 and proviso at Para 2(1)(b) of notification no.76/2001-Cus (NT) dated 23rd September 2021 put a cap on the amount of drawback

Govt needs to expand reach of Indian epics like Ramayana

Our travel agents, who organise tours for foreigners who come to India for sightseeing, can be encouraged to introduce such publications to the tourists

Red Sea crisis may nudge US buyers to source goods from East Asia

Indian exporters apprehend that unless the hostilities in the Red Sea end quickly, the buyers in the United States (US) will prefer East Asian sources

GAEC application for SCOMET items: Exporter must have trust in end user

Para 10.16 A.II.b.ii says that the applicant exporter is required to declare that the items that are intended to be exported shall not be used for any purpose other than the purpose(s) stated

Govt needs to be transparent, must avoid selective protectionism

One of the major pillars or principles of the General Agreement on Trade and Tariffs (GATT) under the auspices of the World Trade Organisation (WTO) was the abolition of quantitative restrictions

AI needs global rules that won't stifle innovation

The regulators in all the countries must get their acts together and pool their wisdom to evolve a uniform set of laws to manage the transition

Chatroom: Extension for exports realisation, RBI should review instructions

You cannot amend the shipping bills and so, you may explain the error to the bank and seek write-off or closure of the entries