The Central Government has granted exemption from Basic Customs Duty and Health cess, on the import of the following goods, considering the immediate requirement of ventilators and other items due to Covid-19 situation:   S.No. Chapter or Heading or sub–heading or tariff item Description of goods 1.   9018 or 9019   Artificial respiration or other … Continue reading Government Grants exemption from Basic Customs Duty & Health Cess (wherever applicable) on import of Ventilators, PPE , COVID Test Kits & Face & Surgical Masks

In the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, the Central Government has decided to issue all the pending income-tax refunds up to Rs. 5 lakh, immediately. Further, all pending GST and Customs refunds will be granted. Source: Press Release dated 08.04.2020  

We are in the midst of a global pandemic as the Novel Coronavirus (COVID-19) has infected more than 1 million people across the globe. The Union Finance Minister, Government of India vide a press release dated 24.03.2020 had announced several relief measures relating to statutory and regulatory compliance matters pertaining to various matters including GST … Continue reading GST NOTIFICATIONS PROVIDING RELIEF MEASURES– A QUICK GLANCE

The Foreign Trade Policy (FTP) for the period 2015 – 2020 announced by the Government of India, Ministry of Commerce and Industry on 1st April 2015. Foreign trade policy needs amendments every five years and aims at developing export capability, improving export performance and structure, encouraging foreign trade, and creating a suitable balance of payments … Continue reading Foreign Trade Policy 2015-2020 extended for one year