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ADVANCE AUTHORISATION SCHEME
DGFT removes physical duty payment challans for export obligation discharge certificate applicationsExporters will no longer need to present physical duty payment challans for EODC applications. The integration of authenticated payment dat...- $100 bn in sight: India is rolling in dollars but what about the rupee?Two months after the RBI launched special measures to attract foreign currency, banks have mobilised over $40 billion, led by FCNR(B) depos...
- India's new import rule that could make homes and infrastructure costlierIndia's new policy imposing a minimum import price on PVC resin is expected to result in higher domestic prices. This strategy supports loc...
- Import curbs for six months on suspension grade PVC resinThe government has restricted imports of low-priced suspension-grade PVC resin for six months by introducing a minimum import price, while ...
- Recurring West Asia tensions force MSME exporters to prioritise resilience over cost savingsIndustry officials say recurring geopolitical disruptions, rising freight costs, and shipping uncertainty are making supply chain resilienc...
- Nearly 55.49 crore UPI users onboarded by June 2026Around 55.49 crore UPI users were onboarded by June 2026, Parliament was informed. UPI transactions reached 24,162 crore in volume and Rs 3...
- PM Ayushman Bharat medical insurance cover may get double from Rs 5 lakh to Rs 10 lakh: Check latest updateA parliamentary panel suggests increasing Ayushman Bharat insurance cover to ten lakh rupees. This change aims to better cover advanced and...
- Ashok Leyland partners with Rosmerta Recycling to boost commercial vehicle scrappingAshok Leyland has joined forces with Rosmerta Recycling to streamline the scrapping of old commercial vehicles across India. This partnersh...
- Commerce ministry convenes stakeholders' meet on June 30 on SEZ issuesThe commerce ministry is convening a stakeholder meeting on June 30 to address critical issues concerning Special Economic Zones (SEZs). Di...
- GIFT City investment: Here’s how resident Indians can invest in global stocks, ETFs, and mutual fundsIndian investors can now access global stocks, mutual funds, and bonds through GIFT City, India's first smart city and International Financ...
- India restricts duty-free gold imports to curb misuseIndia has imposed new restrictions on duty-free gold imports. This move follows a recent increase in customs duties. The government aims to...
- West Asia crisis: Govt expands export insurance schemeIndia's government has expanded its RELIEF scheme to cover Jordan and Egypt. This move offers higher insurance to exporters facing disrupti...
- Domestic coke makers flag import misuseIndian met coke manufacturers are demanding an investigation into the alleged misuse of the advance authorisation scheme by importers. They...
- Export obligation period extension to impart much-needed relief to textile exporters: GovtThe government has extended the export obligation period for chemicals under the advance authorisation scheme. This move aims to help expor...
- DGFT implements automated system for adhoc input-output norms fixationThe Directorate General of Foreign Trade (DGFT) has introduced a new automated system to establish adhoc input-output norms, aimed at facil...
- After a 21% rise in wheat in FY23 so far, will you need to pay more for roti in your plate?Most recently, with firm demand for wheat and wheat products ahead of the festive season, wheat prices gained by 5 per cent from month-to-d...
- Export of flour made from imported wheat by EOUs, SEZ units allowedIndia on Friday permitted the export of wheat flour (atta) on condition that it had to be processed from imported wheat under the Advance A...
- Wheat flour exports from India allowed under advance authorisation schemeAn advance authorisation scheme allows duty-free import of inputs, which have to be mandatorily used in products that are required to be ex...
- How to apply for duty-free imports under the Advance Authorisation SchemeThe Advance Authorisation or Advance Licence scheme is one of the many export promotion schemes offered by the government. Under this schem...
- Businesses could go to court over additional duties on raw material importedUnder the advance authorisation scheme in the erstwhile tax regime, exporters could get an authorisation to import raw materials used for m...
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