Post by: Arnold Thomas in Import - Export
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…
Post by: Arnold Thomas in Import - Export
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…
Post by: Arnold Thomas in Import - Export
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 defense exports of specific components to selective countries. What is OGEL? The open General Licence is…
Post by: Arnold Thomas in GST
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…
Post by: Sreeram Viswanath in Government Initiatives
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…
Post by: Bennisha in Import - Export
Export under Rebate According to Section 11B of the Central Excise Act, 1944, the term refund includes a 'rebate' of duty excise on excisable goods exported from India or an excisable material used to manufacture goods that are exported from…