Export Quality Control and Inspection Act

Export Quality Control and Inspection Act The Export Quality Control and Inspection Act were enacted in the year 1963 to improve the overseas trade of India through quality management, assessment, and other matters. This act has undergone many changes as…

Export Development Fund

Export Development Fund An Export Development Fund (EDF) facility is a unique fund initiated by the Government of India under the Exim Bank Act and governed by the Exim Bank. The Exim bank approves the loan for the enhancement of…

Open General Export Licences

Open General Export Licences (OGELs) The Hon'ble Defence Minister of India Shri. Rajnath Singh has recently approved two Open General Export Licences (OGELs) for defence exports of certain components to selective countries. What is OGEL? The open General Licence is…

Verification of IGST Refund

Verification of IGST Refund As we know, under Goods and Service Tax, export is considered as ‘zero-rated supply’. Any registered person making ‘zero-rated supply’ shall be eligible to claim a refund of IGST by adopting any one of the below…

Working Capital Term Loan Scheme

Working Capital Term Loan Scheme Working capital is a fundamental requirement of every business, without which its very functioning is at stake. A working capital term loan is accorded to extend long-term working capital credit facilities to entrepreneurs so as…

Export under Rebate

Export under Rebate According to Section 11B of the Central Excise Act, 1944, the term refund includes 'rebate' of duty excise on excisable goods that are exported from India or an excisable material that is used to manufacture goods that are exported…