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 Public Notice amends the provision related to reporting requirements for fulfillment of Export Obligation (EO) under the Export Promotion Capital Goods (EPCG) Scheme. Instead of annual reporting, authorization holders must now submit a report on EO fulfillment to the concerned Regional Authority after the expiry of the first four-year block period and continuously until the valid EO period ends. The report must contain details of shipping bills, invoices, bills of export, and foreign inward remittance certificates, duly certified by a Chartered Accountant, Cost Accountant, or Company Secretary, evidencing fulfillment of specific and average EO, where applicable. This amendment aims to reduce compliance burden and enhance ease of doing business for EPCG authorization holders.
The Public Notice amends the provision related to reporting requirements for fulfillment of Export Obligation (EO) under the Export Promotion Capital Goods (EPCG) Scheme. Instead of annual reporting, authorization holders must now submit a report on EO fulfillment to the concerned Regional Authority after the expiry of the first four-year block period and continuously until the valid EO period ends. The report must contain details of shipping bills, invoices, bills of export, and foreign inward remittance certificates, duly certified by a Chartered Accountant, Cost Accountant, or Company Secretary, evidencing fulfillment of specific and average EO, where applicable. This amendment aims to reduce compliance burden and enhance ease of doing business for EPCG authorization holders.
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