The matter before the Court was the appeal against the decision of Gujarat High Court in the case of Mohit Minerals Pvt. Ltd
Our government need not merely wait for the global commodity prices to drop but take active measures to supplement the actions of the monetary authorities
They expect better market access in countries with whom new free trade agreements have been negotiated recently
The immediate challenge of the Indian exporters is to find shipping lines that will take their cargo to Russia.
The IMF says that in the early days of the pandemic in 2020, the GVC-intensive trade collapsed but rebounded very quickly showing remarkable resilience.
Under the EPCG scheme, exporters can import capital goods at zero duty against export obligation (EO) of six times the duty saved to be fulfilled in six years
The roles and responsibilities of the banks and OEIF and the disciplines for operating the import and export collection accounts are clearly spelt out
So, India should carefully weigh the short term gains of buying cheap oil from Russia against implications of annoying the western alliances
The prolonged war in Ukraine and considerable hardening of attitudes on both the sides can hurt global trade and economy
No new ideas have emerged on what the new FTP should be, despite meetings with the stakeholders through the Board of Trade and Export Promotion Councils
The shortage of skilled personnel at the middle and senior levels can hamper the operations of the shipping lines
Many Customs notifications allow imports at lower or nil rates of duty, specified goods for use in the manufacture of specified products
In recent years, the investments in mining fossil fuels have declined globally due to growing concerns
The government has raised the customs duty on import of some capital goods and issued notifications to raise the customs duty on many more capital goods in due course of time
One of the prime objectives of Goods and Services Tax (GST) regime is to provide seamlinpuess input tax credit (ITC) and thus reduce the cascading effect of taxes