Publishers of Indirect taxes and Foreign Trade of India.
The Government of India’s Ministry of Commerce and Industry has announced a one-time relaxation for export obligations for hotel, healthcare, and educational sectors under the Export Promotion Capital Goods (EPCG) scheme. According to a...
The TRU (Tax Research Unit) has issued two circulars providing clarifications on GST rates, classification and applicability of certain goods and services. The first circular addresses specific goods such as Rab, by-products of milling...
This Public Notice from the Director General of Foreign Trade amends the provisions of Para 4.42 of the Handbook of Procedures 2015-2020. The notice makes changes to the rules governing extension of export obligation...
The Government of India’s Ministry of Commerce and Industry has announced draft guidelines for streamlining the Halal certification process for export of meat and meat products from India. According to the proposed guidelines, all...
The Central Board of Indirect Taxes and Customs (CBIC) has released two notifications regarding changes to excise duty on certain products. Notification No. 03/2023-Central Excise announces an increase in the Special Additional Excise Duty...
The Director General of Foreign Trade, amending the paragraph 2.79A of the Handbook of Procedures (HBP) of the Foreign Trade Policy (FTP) 2015-20. This notice concerns the export authorization for “Stock and Sale” of...
The Indian government has announced the schedule and pattern for the Customs Brokers Licensing Examination 2023. The examination, which is a requirement for obtaining a license to practice as a customs broker, is set...
The Government of India has announced the constitution of a committee for the review and determination of All Industry Rates (AIRs) of Duty Drawback for the year 2023. The committee will be taking into...
The Reserve Bank of India (RBI) has released a report titled “State Finances: A Study of Budgets of 2022-23” which provides information and analysis on the finances of Indian state governments for the 2022-23...
The Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 (CAVR, 2023) has been issued by the Central Government for addressing the issue of undervaluation in imports. The rules provide for processes...
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