Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classificatio...
Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
TRACE, launched prospectively from 20 February 2026 under the Export Promotion Mission, provides MSMEs involved in international value chains partial reimbursement for eligible conformity-assessment costs (testing, inspection, certification, audits, traceability systems) necessary for market access. Eligibility requires an active IEC and valid MSME Udyam registration and excludes denied entities, deemed exports and SEZ shipments. Assistance is uniform across MSME categories, subject to a per-IEC annual cap of Rs. 25 lakh; reimbursement rates vary by list (standard and priority) and are payable after certification outcomes. A two-stage online Intent-to-Claim and Reimbursement Claim process, post-disbursement verification, dynamic positive lists, pilot operationalisation and a Governance Sub-Committee are prescribed.
TRACE, launched prospectively from 20 February 2026 under the Export Promotion Mission, provides MSMEs involved in international value chains partial reimbursement for eligible conformity-assessment costs (testing, inspection, certification, audits, traceability systems) necessary for market access. Eligibility requires an active IEC and valid MSME Udyam registration and excludes denied entities, deemed exports and SEZ shipments. Assistance is uniform across MSME categories, subject to a per-IEC annual cap of Rs. 25 lakh; reimbursement rates vary by list (standard and priority) and are payable after certification outcomes. A two-stage online Intent-to-Claim and Reimbursement Claim process, post-disbursement verification, dynamic positive lists, pilot operationalisation and a Governance Sub-Committee are prescribed.
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