Post by: Dinesh Pandiyan in Import - Export
ICEGATE Simplified Registration The Indian Customs Electronic Gateway (ICEGATE) is a national portal established by the Central Board of Indirect Taxes and Customs (CBIC). It improves and streamlines import and export processes in India. By registering, you can access e-filing…
Post by: Renu Suresh in Import - Export
Budget 2024 Income Tax Slabs for FY 2024-25 In the interim fiscal year 2024-25 budget, Finance Minister Nirmala Sitharaman announced no changes to the income tax slab for FY 2024-25, meaning taxpayers will calculate their taxes for the upcoming year…
Post by: Renu Suresh in Import - Export
The Significance of Shipping Bills in International Trade: A Guide for Exporters Successful export businesses rely on meticulous planning, adherence to regulations, and seamless logistics in the complex world of international trade. The shipping bill is a crucial document for…
Post by: Renu Suresh in Import - Export
Certificate of Origin (CoO) – DGFT CoO Certificate of Origin (CoO) is paramount in international trade as it is a definitive document establishing the origin of goods exported from India. Issued by the Directorate General of Foreign Trade (DGFT), this…
Post by: poonamgandhi in Import - Export
Special One-time Amnesty Scheme for default in export obligation by EPCG and Advance Authorization Holders Recently, the Ministry of Commerce and Industry, vide Public Notice No. 2/2023 dated 1st April 2023, introduced the Amnesty Scheme for default in export obligation by…
Post by: Renu Suresh in Import - Export
Authorized Dealer Code (AD Code) - ICEGATE AD Code Registration In international trade, navigating customs procedures and regulations is fundamental to conducting business across borders. Among the essential requirements for seamless customs clearance and efficient trade operations is the Authorized…
Post by: poonamgandhi in Import - Export
Foreign Trade Policy Recently, vide notification no. 01/2023 dated 31st March 2023, the Foreign Trade Policy 2023 was notified. The newly launched Foreign Trade Policy 2023 is made effective from 1st April 2023. Importantly, Foreign Trade Policy (FTP) is basically…
Post by: Renu Suresh in Import - Export
Non-Ferrous Metal Import Monitoring System (NFMIMS) The Directorate General of Foreign Trade (DGFT) has received several representations from Trade and Industry seeking clarification on the Non-Ferrous Metal Import Monitoring System (NFMIMS). In this regard, a policy circular has been issued…
Post by: Renu Suresh in Import - Export
RBI allows International Trade Settlement in Indian Rupees On July 11th, 2022, the Reserve Bank of India announced a big decision by allowing trade settlements between India and other countries in Indian Rupees (INR). This measure is aimed at facilitating…
Post by: Renu Suresh in Banking Import - Export
Electronic Bank Realization Certificate (e-BRC) Electronic Bank Realization Certificate (e-BRC) is an essential digital certificate for those in the export business. A bank issues it as confirmation that the exporter has received payment from the buyer against the export of…