Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
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Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
The Public Notice No. 50/2023 issued by the DGFT, amends the Foreign Trade Policy (FTP), 2023, to exempt certain Ministries/Departments from mandatory Quality Control Orders (QCOs) for inputs used in manufacturing export products. Effective immediately, this amendment streamlines import processes for entities like Advance Authorisation holders, Export Oriented Units (EOUs), and Special Economic Zones (SEZs), aiming to bolster export manufacturing and improve administrative efficiency in trade facilitation.
The Public Notice No. 50/2023 issued by the DGFT, amends the Foreign Trade Policy (FTP), 2023, to exempt certain Ministries/Departments from mandatory Quality Control Orders (QCOs) for inputs used in manufacturing export products. Effective immediately, this amendment streamlines import processes for entities like Advance Authorisation holders, Export Oriented Units (EOUs), and Special Economic Zones (SEZs), aiming to bolster export manufacturing and improve administrative efficiency in trade facilitation.
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