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.
In this article, an attempt is made to explain the modified requirements to enable MSMEs to avail the benefits of Authorized Economic Operator ( AEO) scheme.
Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme Launched and has come into effect from 1st January 2021. This scheme will replace the existing MEIS scheme.
CBIC has launched a revamped and streamlined program to attract investments into India and strengthen Make in India. CBIC has gathered certain queries through trade consultations which have been consolidated and answered in this article.
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