import and export

Merchandise Exports Will Cross $400 Billion Target This Year: Piyush Goyal

Merchandise Exports Will Cross $400 Billion Target This Year: Piyush Goyal

The country’s merchandise exports have reached $390 billion in the current financial year till March 14, 2022. Giving information on Thursday, Commerce and Industry Minister Piyush Goyal claimed that we will cross the export target of $400 billion in 2021-22. Addressing an event organized by the Automotive Component Manufacturers Association (ACMA), Piyush Goyal said that …

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Government Extends Due Date For Submitting Applications Under Merchandise Exports From India Scheme (MEIS)

Government Extends Due Date For Submitting Applications Under Merchandise Exports From India Scheme (MEIS)

Vide notification no. 58/2015-2020 dated 7th March 2022, the Central Government has extended due date for submitting applications under Merchandise Exports From India Scheme (MEIS). As mentioned in the notification: The last date for submitting applications under MEIS (for exports made in the period – 01.04.2020 to 31.12.2020), ROSCTL, ROSL and 2% additional ad hoc …

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LEI (Legal Entity Identifier)

All you need to know about LEI (Legal Entity Identifier) code for Companies in India

About Legal Entity Identifier (LEI) Code for Companies After the Global Financial Crisis, the Legal Entity Identifier (LEI) code was created as a vital measure to improve the quality and accuracy of financial data systems for improved risk management. The LEI was created to help control counterparty risk by allowing the identification and linkage of …

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DGFT Issues Trade Notice in Respect of IECs Not Updated on DGFT Website After 1st January 2005

DGFT Issues Trade Notice in Respect of IECs Not Updated on DGFT Website After 1st January 2005

Vide Trade Notice No. 18/2021-2022, DGFT has said that All IECs which have not been updated after 01.01.2005 shall be de-activated with effect from 06.10.2021. DGFT Further Said, It may further be noted that any IEC so de-activated, would have the opportunity for automatic re-activation without any manual intervention or a physical visit to the …

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Business Concept’s Daily E-News Letter- 21st September 2021. Only for TC VIP Users

Business Concept’s Daily E-News Letter- 21st September 2021. Only for TC VIP Users

Business Concept’s Daily E-News Letter- 21st September 2021 Please Click on News Heading to Read Full News Note: Only TC VIP Users can Access It For New User- More information, Please Visit Here GST CBIC Issues Clarification on Various Issues in GST To ease the understanding of GST law, CBIC has issued clarifications on some …

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DGFT

‘COVID-19 Helpdesk’ for international trade related issues operationalized by DGFT

In view of the surge of COVID-19 cases, a helpdesk has been operationalized by the Director General of Foreign Trade (DGFT) to monitor the status of imports and exports, and difficulties being faced by the trade stakeholders. This ‘COVID-19 Helpdesk’ would look into issues relating to Department of Commerce, import and export licensing issues, custom …

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