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 Central Government notified Schedule-II (Export Policy) of ITC(HS) 2022, in sync with Finance Act 2024, exercising powers under Foreign Trade (Development & Regulation) Act 1992 and Foreign Trade Policy 2023. The updated Schedule-II contains current export policy for all ITC(HS) Codes with specific conditions. Updated General Notes to Export Policy were also notified. The notification is effective immediately.
The Central Government notified Schedule-II (Export Policy) of ITC(HS) 2022, in sync with Finance Act 2024, exercising powers under Foreign Trade (Development & Regulation) Act 1992 and Foreign Trade Policy 2023. The updated Schedule-II contains current export policy for all ITC(HS) Codes with specific conditions. Updated General Notes to Export Policy were also notified. The notification is effective immediately.
Note: It is a system-generated summary and is for quick reference only.