Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
This trade notice clarifies that obtaining a Registration-Cum-Membership Certificate (RCMC) is not mandatory for exporters to claim benefits under post-export remission-based schemes like Duty Drawback, Rebate of State and Central Taxes and Levies (RoSCTL), and Remission of Duties and Taxes on Export Products (RoDTEP) under the Foreign Trade Policy (FTP) 2023. These schemes aim to remit duties or taxes on exported goods. However, an RCMC is required for exporters applying for authorizations to import/export or seeking other benefits/concessions under the FTP, except for restricted items. The notice clarifies the specific requirements for obtaining an RCMC to avail benefits under different schemes outlined in the FTP 2023.
This trade notice clarifies that obtaining a Registration-Cum-Membership Certificate (RCMC) is not mandatory for exporters to claim benefits under post-export remission-based schemes like Duty Drawback, Rebate of State and Central Taxes and Levies (RoSCTL), and Remission of Duties and Taxes on Export Products (RoDTEP) under the Foreign Trade Policy (FTP) 2023. These schemes aim to remit duties or taxes on exported goods. However, an RCMC is required for exporters applying for authorizations to import/export or seeking other benefits/concessions under the FTP, except for restricted items. The notice clarifies the specific requirements for obtaining an RCMC to avail benefits under different schemes outlined in the FTP 2023.
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