EEPC India seeks expansion of Sabka Vishwas scheme to matters relating to customs
In a letter to the Central Board of Direct Taxes (CBDT) , the EEPC India has stated that the Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019 for settlement of pending cases under Central Excise and Service Tax has resulted in great success , giving a big relief to medium and small enterprises.
India appeals against WTO panel's ruling on export promotion measures
On October 31, the WTO had ruled that export subsidy programmes-MEIS, E...
Next FTP may reduce raw material costs to boost sliding exports
A sluggish global demand is likely to reform the Foreign Trade Policy 2020-25...
New foreign trade policy may have simpler export promotion schemes
In the new policy, changes are expected in incentives given to goods as the current export promotion schemes are challenged by the US in the dispute resolution mechanism of the World Trade Organisation (WTO).
Exporters seek PM intervention for comprehensive package do deal with COVID crisis
"Our exports will take an unprecedented hit in such challenging times. The worst-hit are lifestyle products like leather, carpets, handicrafts, apparels etc which are having over 75 per cent cancellations. This will also put pressure on current account deficit as overseas remittance will decline so will be FDI/FIIs inflow in the country," he said.
Government extends foreign trade policy by one year
As per the notification, the validity of various import-linked export schemes such as Duty Free Import Authorisation (DFIA) and Export Promotion Capital Goods (EPCG) have been extended by one year. Under EPCG, exporters can import certain amount of capital goods at zero duty for upgrading technology related with exports while DFIA allows them to import certain goods like sugar at zero duty.
Airtel says removed from 'Denied Entry List'
Thursday, a day after the DGFT, under the commerce ministry, put the company on the ‘Denied Entry List’ following the non-fulfilment of export obligations under the Export Promotion Capital Goods (EPCG) scheme, the telecom operator had said that it was working with the department to get its name removed from the list.
Why India needs to stop betting on MEIS scheme to boost exports
When the Nirmala Sitharaman-led Ministry of Commerce and Industry took almost a year in office to introduce the new Foreign Trade Policy (FTP) in 2015, there were expectations that it would usher in a new era in India's trade.
India appeals against WTO panel ruling on export incentive schemes
The plea was made in the appellate body of the World Trade Organisation's (WTO) dispute settlement mechanism. The US has dragged India to the WTO under Article 27 of the organisation's Agreement on Subsidies and Countervailing Measures (SCM), which also provides for special and differential treatment to developing countries like India.
View: India needs RCEP to push much-needed domestic reforms
India must recognise that the Chinese economy is being rebalanced from exports to domestic.
Exporters want benefits of Capital Goods Scheme under GST regime
Move Supreme Court against government which has set conditions for exporters to avail benefits of the scheme.
Why India’s Foreign Trade Policy benefits have extended beyond exports
Exporting the product is the next step with refunds on duty drawbacks and GST coming through - all these steps helped in bringing seamlessness and functionality for the industry.
Comm Min notifies exemption from IGST, compensation cess under advance authorisation, EPCG scheme
The move was aimed at giving relief to exporters, who are reeling under stress with regard to claiming refund under GST.
Suresh Prabhu seeks higher sops to push farm, services exports
The ministry has sought extra outlay of Rs 1,500 crore under MEIS to fulfil the government’s commitment to double farmers’ income and promote exports of agricultural products.
Signs of revival in exports: FIEO president SC Ralhan
The decline in imports is encouraging for managing the trade deficit and may help in giving a fillip to domestic manufacturing, but the figures point to a topsy-turvy path, Ralhan said
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