Tnc Rajagopalan

Centre must remove unnecessary obstacles for steel import clearances

The government has also introduced registration requirements such as steel import monitoring system (SIMS), paper import monitoring system (PIMS)

Packing and labelling imported goods don't confer Indian-origin status

The balances in the RVAs are built through inward remittances in freely convertible currencies

Biden should revive WTO dispute settlement mechanism before leaving

The decision to give a second term to Ngozi Okonjo-Iweala reflects broad recognition of her exceptional leadership and strategic vision for the future of the WTO

Sensible trade policy key to tackling climate change on a global scale

A key agreement at Baku was on establishing high integrity carbon markets, following a breakthrough on establishing standards for a centralised international carbon market

Importers can use 2 exemption notifications simultaneously for same imports

If goods are imported into India after exportation therefrom, such goods shall be liable to duty and be subject to all the conditions and restrictions

CBIC should review its MOOWR instructions to ease operations for units

Irritants persist for MOOWR units, although over five years have passed since the introduction of MOOWR 2019 regulations

CBIC should do away with IGCRS Rules for the export oriented units

The CBIC should do away with the IGCRS Rules for the EOUs, as they serve no useful purpose, only cause harassment and encourage corruption

Chatroom: DBK need not be surrendered if export proceeds realised late

TNC Rajagopalan answers SME queries related to GST, export and import matters

Global trade may fragment further under a Donald Trump presidency

With Trump's rather isolationist policies, Europe may find it necessary to divert more resources for building better military capabilities

DGFT surprises exporters with annual returns under the Rodtep scheme

The DGFT wants the exporters to submit the data for the year 2023-24 by the March 31, 2025. Not furnishing the ARR will lead to denial of Rodtep benefits

Advance B/E: Duty rate applies on date of grant of entry inwards for vessel

One cannot escape anti-dumping duty by filing advance bill of entry if the anti-dumping notification is issued before grant of entry inward for the vessel

Not easy to make Brics draft on international payment systems work

Brics's demand to reform the present financial system and global institutions and attempts to develop different payment mechanisms will get suitable support

India-Canada diplomatic row unlikely to affect businesses or students much

India and Canada have shared democratic values. The broader geopolitical considerations require India and Canada to co-operate and deepen their engagement

Showcause notice only a demand notice and not an adjudicating order

Rajagopalan answers readers' SME queries related to GST, export and import matters

The CGST rules: Helpful amendments, court decisions for exporters

CBIC had issued its circular prescribing the procedures for the payment of IGST and compensation cess (CC) along with interest by the importers who had violated the pre-import condition

Risk of another US port worker strike looming threat for exporters

In India, the trade union movement is very fragmented and at its weakest since independence. So, the fears of workers disrupting critical activities like port operations are very low

Traders must classify imports of lab chemicals under appropriate heads

In an Ex-W contract, the obligation of the seller is to make the goods available at the named place and give notice to the seller. The obligation of the seller is to take delivery at the named place

Export-oriented units struggle, unhappy with new IGCRS e-process

Most of the EOUs are unhappy with the way the CBIC has tried to push through the new processes without adequate preparation

Enabling IGCRS rules for EOUs electronically to cut transaction costs

The EOUs should quickly familiarise themselves with the new procedures and raise any doubts/difficulties with the CBIC and ICEGATE, preferably before the coming Wednesday

DBK Brand Rate applications to be filed with Customs at the place of export

Safeguard duty, countervailing duty on subsidized articles and anti-dumping duty are levied under Sections 8B, 9 and 9A respectively of the Customs Tariff Act, 1975