Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The Directorate General of Foreign Trade, u/s 1.03 and 2.04 of the Foreign Trade Policy 2023, has placed Public Notice No. 05/2024 dated 27.05.2024 in abeyance until 31st July 2024. This decision follows industry consultations and a representation from the Gem & Jewellery Export Promotion Council regarding difficulties faced by the sector and MSMEs. The abeyance allows for further submission of data on manufacturing workflow and justification for process wastage. During this period, wastage norms under Para 4.59 of Handbook of Procedures 2023 and SIONs M1 to M7 revert to pre-notice levels. The abeyance aims to reassess permissible wastages and SIONs in response to industry feedback.
The Directorate General of Foreign Trade, u/s 1.03 and 2.04 of the Foreign Trade Policy 2023, has placed Public Notice No. 05/2024 dated 27.05.2024 in abeyance until 31st July 2024. This decision follows industry consultations and a representation from the Gem & Jewellery Export Promotion Council regarding difficulties faced by the sector and MSMEs. The abeyance allows for further submission of data on manufacturing workflow and justification for process wastage. During this period, wastage norms under Para 4.59 of Handbook of Procedures 2023 and SIONs M1 to M7 revert to pre-notice levels. The abeyance aims to reassess permissible wastages and SIONs in response to industry feedback.
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