Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
Reversal of input tax credit in proportion to exempt supply: specificity of show-cause notice required; order set aside, fresh proceedings allowed wit...
The policy establishes a prospective intervention to provide government backed risk sharing support for bank intermediated trade finance to eligible MSMEs exporting to under served markets. It prescribes non recourse instruments (LC confirmation, SBLC, IRU, RP, UPAS LC, LC negotiation), MSME eligibility (valid IEC and MSME registration), application via a UIN on the online portal, and partner bank participation under master agreements. A comprehensive risk model determines score based cover (scheme cover 10-80%) and fees, with exposure caps linked to a multiple of the corpus (country, exporter, transaction, issuing bank caps). Claim settlement timelines, pilot operationalisation, and stakeholder consultation are provided.
The policy establishes a prospective intervention to provide government backed risk sharing support for bank intermediated trade finance to eligible MSMEs exporting to under served markets. It prescribes non recourse instruments (LC confirmation, SBLC, IRU, RP, UPAS LC, LC negotiation), MSME eligibility (valid IEC and MSME registration), application via a UIN on the online portal, and partner bank participation under master agreements. A comprehensive risk model determines score based cover (scheme cover 10-80%) and fees, with exposure caps linked to a multiple of the corpus (country, exporter, transaction, issuing bank caps). Claim settlement timelines, pilot operationalisation, and stakeholder consultation are provided.
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