Valuation is one of the most crucial aspect for an organisation engaged in import and export of gems, precious and semi-precious stones considering high value transactions.
CBIC has launched a revamped tax information portal Click Here. With the help of this portal, all indirect tax legislations, rules, regulations and forms will be available for the easy reference of taxpayers. CBIC will continuously update and expand this portal in a phased manner.
Scheme for Remission of Duties and Taxes on Exported Products (RODTEP) was launched in 2020 from 1st January 2021 through the ministry of commerce and industry Govt. of India. This scheme is applicable to the export of products but not services.
Before starting import/export business it is preferred to register your business in Private Limited or Public limited or LLP format for the convenience of fast loan approvals and ease of doing business with foreign customers as they prefer registered corporate entities
The scheme will be implemented by Customs through a simplified IT system while the rebate will be issued in the form of a transferable duty credit/electronic scrip which will be maintained by CBIC.
RoDTEP scheme is notified for the remission of duties, taxes and other levies at the Central, State and local level which are borne on the exported goods manufactured in India.
CIP will provide free access to information on all Customs procedures and regulatory compliance for nearly 12,000 Customs Tariff Items. It will also provide knowledge of all import and export related requirements.
The net effect of the amendments carried out is that the existing licenses/registration would have a lifetime validity and also allowed a licensee/registration holder to voluntarily come forward to surrender the same.
ICEGATE enables the Electronic filing of a Bill of Entry (declaration of import). One of the major benefits of using ICEGATE is that it provides digital security.
The objective of the drug regulatory system in the country is to ensure the availability of safe, effective and quality drugs, cosmetics and medical devices based on scientific excellence and best possible regulatory practices.
All Subjects Combo (Regular Batch) Jan & May 26