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 CBIC issued an amendment to Circular No. 38/2020, modifying terminology in the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020). The amendment replaces "Certificate of Origin" with "Proof of Origin", aligning with amended Section 28DA of the Customs Act, 1962. This change encompasses both officially issued certificates and self-declarations by exporters under trade agreements. The modification aims to simplify origin verification procedures, facilitate trade, and reduce administrative requirements. The Directorate of International Customs (DIC) will manage verification requests and maintain specimen signatures and seals of authorized issuing authorities. The amendment takes immediate effect, streamlining origin documentation processes for international trade.
The CBIC issued an amendment to Circular No. 38/2020, modifying terminology in the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020). The amendment replaces "Certificate of Origin" with "Proof of Origin", aligning with amended Section 28DA of the Customs Act, 1962. This change encompasses both officially issued certificates and self-declarations by exporters under trade agreements. The modification aims to simplify origin verification procedures, facilitate trade, and reduce administrative requirements. The Directorate of International Customs (DIC) will manage verification requests and maintain specimen signatures and seals of authorized issuing authorities. The amendment takes immediate effect, streamlining origin documentation processes for international trade.
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