This year’s interim budget provided a token amount for PLI for toys but details will be spelt out when cabinet approval is in place. The Government is considering launching an incentive scheme to boost domestic manufacturing of toys, keeping in view the high employment potential of the sector. This follows a series of steps taken […]
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In a move set to bring relief to exporters, the Directorate General of Foreign Trade (DGFT) has concluded that there is merit in continuing the interest equalisation scheme for the export sector and is in discussions with the Finance Ministry on the terms of its extension beyond the month-end. The scheme, which allows exporters of […]
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If you receive a GST demand order, you have the option to either file an appeal against it or pay the demand amount. However, if GST officials believe that it is necessary to ask for payment before the stipulated time (three months) for the ‘interest of revenue’, they can do so. Unfortunately, this provision has […]
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Goods exports rose 9% to $38 billion in May, while imports were 7.7% higher at nearly $62 billion, pushing up India’s trade deficit to $23.8 billion, highest in seven months. Exports growth has been uneven and the latest numbers pegged the growth at the highest in three months, with Govt hopeful of the trend continuing & feels that this positive trend will continue. The […]
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