RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector
While importers are paying IGST on imports but not claiming credit for the same. This essentially means that the supply of imported goods to domestic channels is being done without a bill
The finance ministry is uniting and expanding the scope of two existing programmes for importers
Currently an importer has to go and present physical copies of documents for approval from the authorities