India’s Exports Cross All-Time High of $ 750 Billion in 75th Year of Independence
In the 75th year of independence, India celebrates a new record of $750 billion in exports, driven by healthy growth in both merchandise and service sectors.
Category: ExIm
CBIC Instructions on Origin Procedures for Ind-Aus ECTA
CBIC issues instruction to clarify the implementation of origin procedures under the India-Australia Economic Cooperation and Trade Agreement, including the recognition of electronic certificates of origin and defacement procedures.
DGFT simplifies Composition Rules for Export Obligation Extension (AES)
The DGFT has announced rule changes to simplify the calculation of the “composition fee” for the extension of export obligations under the “Advance Authorization Scheme (AES).” These rule changes …
CBIC notifies Customs Rules 2023 for Examination of Imports Value Declaration (CAVR)
CBIC has notified the “Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 (CAVR 2023)” to address the threat of undervalued imports. These Rules prescribes the manner …
Ind-Aus ECTA becomes effective from December 29, 2022
The Economic Cooperation and Trade Agreement (Ind-Aus ECTA) between India and Australia is now in force, which means it will have legal ramifications as of December 29, 2022. India …
Custom Duty Exemptions (Ind-Aus ECTA): CBIC Notification
The Central Government has notified exemptions from customs duty in respect of the following imports under the India-Australia Economic Co-operation and Trade Agreement (Ind-Aus ECTA), in exercise of the …
Customs Rules 2022 on Origin of Goods (Ind-Aus ECTA): CBIC Notification
CBIC notifies the Customs Tariff Rules 2022 for the determination of Origin of Goods of ExIM trade under the India–Australia Economic and Trade Agreement (Ind-Aus ECTA), which will become …
Procedure for Preferential CoO (Exports to Australia): DGFT
The DGFT has announced the procedure for issuance of Preferential Certificates of Origin (CoO) regarding exports to Australia under the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) at …
Govt. expands Scope of RoDTEP Scheme from Dec. 15, 2022
The government has announced that the scope of the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme will be expanded to include Chemicals, Pharmaceuticals, and Iron and …
Steel Export Duty and Concessions in Coal Import Duty withdrawn by Govt.
The government has announced the withdrawal of steel export duties and reductions in coal import duties, effective November 19, 2022. The Central Government has removed the export duty on …
