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REMISSION FRAMEWORK
India extends RoDTEP scheme till December 31, keeps export refund rates unchangedThe government extended the Remission of Duties and Taxes on Exported Products scheme until December 31, 2026. This extension ensures that ...- Centre eases export compliance for shipments up to Rs 3 lakh, seeks 5-year RoDTEP extensionExporters will not need a registration certificate for shipments valued up to three lakh rupees. This change reduces compliance burdens for...
- Supreme Court directs states to frame policy for early release of terminally ill, elderly prisonersThe Supreme Court has mandated that every state and Union Territory devise new policies concerning the early release of elderly and termina...
- Commerce ministry notifies RoDTEP schedules to align with amended customs tariff structureThe commerce ministry has updated export duty remission schedules. This aims to simplify benefits for exporters. A Basmati and Organic Trai...
- Read a book and cut 4 days from jail sentence: Actor Madhavan shares a fascinating prison reform rule where inmates get second chancesA Brazilian prison reform initiative allows inmates to reduce sentences by reading and reflecting on books. Actor R Madhavan highlighted th...
- Canada caps how many US-made vehicles Stellantis and GM can import tariff-freeCanada has made a decisive cut to import quotas for General Motors and Stellantis, a response to the companies’ reduction in local manufact...
- EUDR, ecomm for exports discussed at first textile task force meetThe Task Force on Textiles Exports convened its first meeting, addressing critical issues to boost India's textile exports. Discussions enc...
- Article 142 can't be invoked in favour of Bilkis Bano case convicts to allow them get out of jail: Supreme CourtIn a massive setback to the Gujarat government, the Supreme Court on Monday quashed the remission it had granted to 11 convicts in the high...
- Govt extends export benefits under RoDTEP scheme to ecommerce exportersThe scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) provides for refund of taxes, duties and levies that are incurre...
- Govt to extend duty, tax remission scheme benefits to e-comm exportsThe step will help SME sectors take advantage of government schemes, further pushing e-commerce exports and boosting overall export growth ...
- Govt extends support under RoDTEP scheme till June 30, 2024The Indian government has extended support under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme until June 30, 2024...
- Foreign Trade Policy 2023 unveiled, govt breaks tradition of target yearUnveiling the much-awaited Foreign Trade Policy, Commerce Ministry on Friday broke the tradition of a policy lasting for five years and wil...
- SC notice to Centre, Gujarat govt on Bilkis Bano's plea against remission to convictsThe Supreme Court on Monday sought a response from the Centre, Gujarat government and others on a plea filed by Bilkis Bano, who was gang-r...
- Govt to release Rs 56,027 cr to exporters for pending tax refundsThis amount is over and above duty remission of Rs 12,454 crore for the Remission of Duties and Taxes on Export Products (RoDTEP) Scheme an...
- With $200 billion in exports, this sector deserves a special focus in the upcoming Foreign Trade PolicyIndia wants to do $1 trillion in exports by 2025 and the services sector can be a huge contributor to this target. But we need a conducive ...
- Government’s RoDTEP scheme could face legal challenges, warn tax expertsTax experts said many exporters are already facing a lot of trouble and with some of the existing schemes already under litigation, even Ro...
- Exporters complain of delay in GST refunds despite government timeframeThe tax department had come out with a guideline to process these within a deadline and recently the authorities had said that the duty dra...
- GST framework is impacting engineering companies’ exports: Engineering Export Promotion CouncilThe exporters had pointed out issues with the rule 96 (10) of the GST framework that is around taxation of goods and services meant for exp...
- Government working to mapping land bank available for industry: GoyalCommerce and Industry Minister Piyush Goyal also said that the government is looking at ways to promote manufacturing of electronic product...
- Kasab can challenge verdict in High CourtKasab has the option of challenging the verdict in the High Court, which has to confirm the sentence in the normal course.
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