by DIGITAL MEDIA EXECUTIVE | May 22, 2023 | In-Depth Analysis
The amnesty programme for traders who violated their export obligations under the Advance and EPCG authorisation scheme has been put into effect by the finance ministry. According to the amnesty programme, which was published in the Foreign Trade Policy on March 31,...
by DIGITAL MEDIA EXECUTIVE | Apr 17, 2023 | Corporate Update
The continuous creation of new tools and technological improvements that streamline manufacturing is necessary for success in the fiercely competitive ERP software market. Trent Maynard has been promoted to Director of Product & Engineering at Global Shop...
by DIGITAL MEDIA EXECUTIVE | Apr 11, 2023 | Corporate Update
Following concerns from the domestic industry, the investigative branch of the commerce ministry, DGTR, has opened a review of the necessity of maintaining the anti-dumping tariff on flax yarn imported from China. Before the Directorate General of Trade Remedies...
by DIGITAL MEDIA EXECUTIVE | Apr 10, 2023 | Import/Export
Prior FTPs placed a strong emphasis on paying exporters according to their export performance. Transferrable scrips served as the medium of payment. They could be employed to pay customs duties. There were also numerous exemption plans. The transition to remission...
by DIGITAL MEDIA EXECUTIVE | Apr 10, 2023 | Trade Analysis
According to a research by the UN trade and investment authority, India increased its exports to the US by around $755 million in the first half of 2019 due to the trade diversion impacts of Washington’s tariff war with China. These shipments were primarily of...
by Manali bhanushali | May 7, 2021 | Industry And Cluster, News & Insights
The Federal Board of Revenue (FBR) has exempted importers of cotton yarn from paying customs duty until June 30, 2021. According to a notification issued by the FBR on Thursday, the federal government has waived the whole of customs duties on import of cotton yarn...
by Manali bhanushali | Mar 30, 2021 | News & Insights
India’s manufacturing sector is expected to regain the lost momentum in the fourth quarter (Q4) of this fiscal, according to the Federation of Indian Chamber of Commerce and Industry’s (FICCI) latest quarterly survey on manufacturing, which assessed recovery of the...
by TEXTILE VALUE CHAIN | May 6, 2020 | Covid 19, Industry And Cluster, News & Insights
As economy is slump in revenue collections during the lockdown, states are going to increase taxes to make up some of the losses as the restrictions are eased.The Andhra Pradesh government hiked prices of liquor by another 50% on Tuesday, only a day after imposing a...
by TEXTILE VALUE CHAIN | Mar 14, 2020 | Industry And Cluster, News & Insights
GST on cotton is 5% across the entire textiles value chain whereas GST rates on manmade fibres (MMF) and textiles are 18%, 12%, and 5% on fibre, filament yarn/ spun yarn and fabrics respectively. The matter of implementation of a uniform tax structure for the MMF...
