India’s Export Trade Facilitation- Recent Initiatives

In Export and Import by Vivek C V

PreambleThe world has changed a lot and yet has to change a lot. Sensing the significance of trade across nations as an engine of economic growth both at national and global levels, nations and global bodies committed to global growth are coming under a common banner of trade laws, practices and facilitation as well. Global trade is full of complexities ...
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Indian Government approved RoSCTL scheme till 2024 for textile industries

In Export and Import by Saroj Prakash Padhy

The Union Cabinet meeting held by Honourable PM of India Mr Narendra Modi has approved to continue to provide Rebate of State and Central Taxes and Levies (RoSCTL) with the same rates to the Textile exporter as mentioned by the Textile Ministry for exports of apparel/garments. This will continue till March 31, 2024, this will help the Textile sector to ...
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IGCR – Amendment Rules 2021- A Boost to Trade facilitation for MSME’s without having manufacturing facility

In Export and Import by Vivek C V

Outline: MSME Importers who do not have any manufacturing facility can now avail IGCR2017 to Import goods at a concessional customs duty and get the final goods manufactured entirely on Job work basis. (Gold/ Jewellery / Precious metals have been excluded ) In view of demands from trade and Industry and having regard to their changing needs as per prevalent ...
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MOOWR 2019 – Manufacture and other Operations in warehouse : A Constructive Upkeep for Indian Manufacturers

In Export and Import by Vivek C V

Prelude:As the current Exports Incentive schemes Published in India’s Foreign Trade policy are being challenged in WTO by various countries for providing Exports Incentives which is against the Article 3.1of the WTO subsidies and countervailing agreement and moreover, the Incentive rates are getting reduced every year and procedure complexities are more in claiming the same at the right time which ...
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Revolutionary digital initiatives for Exports and Customs processing by Govt of India

In Export and Import by Vivek C V

Electronic Communication of PDF based copies of shipping Bill CBIC has launched paperless customs exports processing, a move aimed at trade facilitation. Under this Initiative a secure QR code enabled LEO copy and Gate pass will be sent to exporters immediately. Towards that, the Customs department plans to roll out pan-India faceless assessment by December 31 in a phased manner, ...
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