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...
Regulator amends prior guidance on merchanting trade transactions to extend the permitted period for outlay of foreign exchange from four months to six months while keeping all other conditions unchanged; the commencement and completion rules for merchanting trade remain as previously prescribed (date of first shipment/export receipt or import payment and date of last shipment/export receipt or import payment, respectively). The change is effective immediately; authorised dealer Category-I banks must notify their customers. The directions are issued under FEMA and do not affect other statutory permissions.
Regulator amends prior guidance on merchanting trade transactions to extend the permitted period for outlay of foreign exchange from four months to six months while keeping all other conditions unchanged; the commencement and completion rules for merchanting trade remain as previously prescribed (date of first shipment/export receipt or import payment and date of last shipment/export receipt or import payment, respectively). The change is effective immediately; authorised dealer Category-I banks must notify their customers. The directions are issued under FEMA and do not affect other statutory permissions.
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