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Exporters should help EODC camps succeed

The DGFT has now brought into sharp focus the urgency to deal with the EODC applications quickly and get the statuses of the authorisations updated where the EODCs are issued

Protectionism diverts attention from enhancing industry competitiveness

It is a throwback to the pre-liberalisation days when the government preferred to restrict imports with a view to protect inefficient domestic producers

'Prior export proceeds realisation must for refund on export of services'

If you want to re-import the exported goods under the notification 158/95-Cus dated 14th November 1995 that would not be possible as the one year time limit is already over

Govt deserves praise for e-SHC initiative

The commerce ministry says that with the launch of this new system, the number of status holders will go up from 12,518 to about 20,000

Globalisation of T20 will help India

The popularity of the game in South Asia has meant that the cricket administrations in India, Pakistan, Bangladesh, and Sri Lanka have a greater say in how International Cricket Council runs the game

Chatroom: DTA units can pay EOU in foreign currency, says expert

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

RoDTEP issues must be addressed quickly

The RoDTEP scheme was introduced in September 2021 for exports made with effect from January 1, 2021

India-Canada row: Quiet diplomacy can achieve a lot more

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

Difference between AIR of DBK & actual duty incidence can be rebated

You have to make appropriate declarations in the shipping bill and then file the brand rate fixation application to your jurisdictional authorities

On trade, Delhi G20 improves over the Bali declaration

It is near certain that the United States is reluctant to clear the way for appointment of members to the appellate body and thus revive the dispute settlement mechanism at the WTO

QCOs act as NTBs; raise compliance burden and costs

The products under QCOs must conform to the corresponding standard and must bear the standard mark under a licence or certificate of conformity (CoC) from BIS

CHATROOM: DGFT should review circular on sale of IPA from SEZ to DTA

Section 4(1) of the Competition Act, 2002 says that no enterprise or group shall abuse its dominant position

Brics enlargement in hope of getting heard

The Brics leaders opposed trade barriers, including those under the pretext of tackling climate change, imposed by certain developed countries and reiterated their commitment to enhancing coordination

Chandrayaan-3 success opens fresh opportunities for our businesses

It is now for the Indian businesses, Isro and other scientific establishments to capitalize on the well-publicized success of Chandrayaan-3

Computer import curbs not part of FTP Principles of Restrictions

The duty rates on computer software and hardware were cut to zero after India became a signatory to the Information Technology Agreements (ITA-1 and ITA-2) at the World Trade Organisation

CHATROOM: Second beneficiary cannot transfer LC to another, says expert

Section 143 of the CGST Rules, 2017 allows sending any inputs or capital goods, without payment of tax, to a job-worker for job work and from there subsequently to another job-worker and likewise

Ahead of I-Day, optimism, but concerns abound

Another significant achievement is the adoption of information technology (IT) to improve various processes in the government and businesses

CHATROOM: 'Customs should reveal method used to fix value of export goods'

Rule 1.1 of the FEDAI Rules, 2019 says that the normal working hours of ADs for foreign currency to Indian rupee transactions for clients is 9 a.m. to 5 p.m. on all days, except Saturdays, Sundays

WTO ranks India 18th in merchandise exports

India is ranked 7th in the list of services exporters with exports of $309 billion and 4.4 per cent of global services trade share

CBIC deserves kudos for GST clarificatory circulars

The GST Council has decided to meet again on August 2, 2023, to consider various representations regarding tax rates on services of online gaming, casinos, and horse racing