Retained as Commerce and Business Minister within the Modi 3.0 authorities, Piyush Goyal has his process reduce out with a number of free commerce agreements (FTAs) underneath negotiations, exporters looking for help to attain the $2-trillion items and companies export goal for 2030, and Western nations, particularly the EU, developing with new environment-related restrictions such because … Read more
The Centre has introduced extension of advantages beneath the favored export promotion scheme, Remission of Duties and Taxes on Exported Merchandise (RoDTEP), to export oriented models (EOUs), models in particular financial zones (SEZs) and Advance Authorisation (AA) holders, per a authorities assertion. Maintaining budgetary allocation in view, the extension of RoDTEP advantages to extra sectors … Read more
The Commerce Ministry has determined to increase export advantages underneath the RoDTEP scheme for corporations within the particular financial zones (SEZs) and export oriented items (EOUs). This determination was communicated to the Director Common of International Commerce (DGFT) on February 16. The DGFT could challenge a proper notification quickly amending the overseas commerce coverage on … Read more
The federal government is engaged on reforms within the Particular Financial Zone (SEZ) area in order that motion of products between home tariff space (DTA) and SEZ area is carried out easily with out affecting the competitiveness of products within the export markets, Commerce Secretary Sunil Barthwal stated on Saturday. Additionally learn: IT/ITeS SEZ builders … Read more
The federal government is inspecting a proposal from SEZ builders to permit them to retain a part of the tax sops they acquired for widespread infrastructure in demarcated IT/ITeS SEZs that may be accessed by each SEZ items and non-SEZ IT/ITeS companies, sources have stated. “SEZ builders have sought clarification from the federal government on … Read more