TNC Rajagopalan
 "TNC Rajagopalan")
TNC Rajagopalan
Page 6 - Tnc Rajagopalan/workspace/business Standard Web/video
DGFT surprises exporters with annual returns under the Rodtep scheme
The DGFT wants the exporters to submit the data for the year 2023-24 by the March 31, 2025. Not furnishing the ARR will lead to denial of Rodtep benefits
 "DGFT surprises exporters with annual returns under the Rodtep scheme")
Advance B/E: Duty rate applies on date of grant of entry inwards for vessel
One cannot escape anti-dumping duty by filing advance bill of entry if the anti-dumping notification is issued before grant of entry inward for the vessel
 "Advance B/E: Duty rate applies on date of grant of entry inwards for vessel")
Not easy to make Brics draft on international payment systems work
Brics's demand to reform the present financial system and global institutions and attempts to develop different payment mechanisms will get suitable support
 "Not easy to make Brics draft on international payment systems work")
India-Canada diplomatic row unlikely to affect businesses or students much
India and Canada have shared democratic values. The broader geopolitical considerations require India and Canada to co-operate and deepen their engagement
 "India-Canada diplomatic row unlikely to affect businesses or students much")
Showcause notice only a demand notice and not an adjudicating order
Rajagopalan answers readers' SME queries related to GST, export and import matters
 "Showcause notice only a demand notice and not an adjudicating order")
The CGST rules: Helpful amendments, court decisions for exporters
CBIC had issued its circular prescribing the procedures for the payment of IGST and compensation cess (CC) along with interest by the importers who had violated the pre-import condition
 "The CGST rules: Helpful amendments, court decisions for exporters")
Risk of another US port worker strike looming threat for exporters
In India, the trade union movement is very fragmented and at its weakest since independence. So, the fears of workers disrupting critical activities like port operations are very low
 "Risk of another US port worker strike looming threat for exporters")
Traders must classify imports of lab chemicals under appropriate heads
In an Ex-W contract, the obligation of the seller is to make the goods available at the named place and give notice to the seller. The obligation of the seller is to take delivery at the named place
 "Traders must classify imports of lab chemicals under appropriate heads")
Export-oriented units struggle, unhappy with new IGCRS e-process
Most of the EOUs are unhappy with the way the CBIC has tried to push through the new processes without adequate preparation
Enabling IGCRS rules for EOUs electronically to cut transaction costs
The EOUs should quickly familiarise themselves with the new procedures and raise any doubts/difficulties with the CBIC and ICEGATE, preferably before the coming Wednesday
 "Enabling IGCRS rules for EOUs electronically to cut transaction costs")
DBK Brand Rate applications to be filed with Customs at the place of export
Safeguard duty, countervailing duty on subsidized articles and anti-dumping duty are levied under Sections 8B, 9 and 9A respectively of the Customs Tariff Act, 1975
 "DBK Brand Rate applications to be filed with Customs at the place of export")
Kudos to CBIC for dropping difficult CGST Rules, reducing compliance burden
When goods are exported without IGST payment under bond or letter of undertaking, the ITC of GST paid on related inputs and input services remains unutilised
 "Kudos to CBIC for dropping difficult CGST Rules, reducing compliance burden")
World Bank's India Development Update unlikely to be taken seriously
At home, there is general irritation with reports from any agencies based outside the country, especially if the report is unflattering and preachy
 "World Bank's India Development Update unlikely to be taken seriously")
EOU's B-17 bond serves purpose of continuity bond under IGCR Rules
Rajagopalan answers SME queries related to GST, export and import matters
 "EOU's B-17 bond serves purpose of continuity bond under IGCR Rules")
Value proposition is key to the success of e-commerce export hubs scheme
The draft modalities are quite detailed but these will need suitable vetting by the revenue department
 "Value proposition is key to the success of e-commerce export hubs scheme")
US elections: Donald Trump, Kamala Harris focus more on domestic issues
Kamala Harris has so far not talked much on trade matters, except criticising Trump's plans to hike tariffs on imports as inflationary
 "US elections: Donald Trump, Kamala Harris focus more on domestic issues")
No duty relief for import of goods to help Wayanad landslide victims
Prefabricated buildings fall under the tariff heading 9406. Modular building units of steel fall under the tariff line 94062000. All the items under the heading 9406 can be imported freely
 "No duty relief for import of goods to help Wayanad landslide victims")
Need far-reaching reforms for India to be developed nation
Since 1990, 34 middle-income economies covering only around 250 million people have managed to shift to high-income status
 "Need far-reaching reforms for India to be developed nation")
India needs to do more to win over people of Bangladesh
India must do more, such as helping its economy revive, to win the minds of people in Bangladesh.
 "India needs to do more to win over people of Bangladesh")
Chatroom: EGM proof required under IGST Rate Notification 41/2017
Rajagopalan answers readers' SME queries related to GST, export and import matters
 "Chatroom: EGM proof required under IGST Rate Notification 41/2017")