Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The Trade Notice amends the Interest Equalisation Scheme (IES) by introducing caps on the annual net subvention amount per IEC. For the financial year starting 01.04.2024, the cap is Rs. 10 crore per IEC, with a lower cap of Rs. 5 crore for MSME Manufacturers until 30.09.2024. Additionally, for Manufacturer Exporters and Merchant Exporters, the cap is Rs. 2.5 crore until 30.06.2024. The amendments aim to rationalize the scheme and were approved by the Competent Authority.
The Trade Notice amends the Interest Equalisation Scheme (IES) by introducing caps on the annual net subvention amount per IEC. For the financial year starting 01.04.2024, the cap is Rs. 10 crore per IEC, with a lower cap of Rs. 5 crore for MSME Manufacturers until 30.09.2024. Additionally, for Manufacturer Exporters and Merchant Exporters, the cap is Rs. 2.5 crore until 30.06.2024. The amendments aim to rationalize the scheme and were approved by the Competent Authority.
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