Importer

Chatroom: Importers must ensure genuineness of COO, says expert

Business Standard brings you the fortnightly Q&A on SMEs

Rupee sheds 33 paise on persistent dollar purchases by oil companies

So far this week, the domestic currency has shed 0.7% against the greenback, making it among the weakest performing Asian units over the past few days

Indian importers use rupee's recovery to increase hedging, data shows

Average dollar purchases by importers, beyond the spot date, rose to $1.64 bn last week from $1.14 bn the week before, latest data collated by The Clearing Corporation of India Ltd (CCIL) revealed

Importers still wait for clarity on expanded scope of IGCRS Rules

The new rules now say they come into play even in situations where the notifications prescribe end use of imported goods but do not specifically prescribe application of the new rules.

CBIC floats new norms to curb undervaluation of goods by importers

Nove comes after customs dept observed several consignments from South-East Asia in which rules of origin were flouted, and the FTA route was being used to evade duties

SC verdict on GST Council: Importers to save on 5% IGST on ocean freight

SC said the impugned levy imposed on the 'service' aspect of the transaction is in violation of the principle of 'composite supply' enshrined under Section 2(30) read with Section 8 of the CGST Act

Russian importers seek deals with small Indian firms to sidestep sanctions

Private players in Russia have met with potential suppliers in India's big cities and are opening specialised bank accounts at home for roubles-to-rupees transactions, with blessing of the two govts

Importer-exporter codes not updated after Jan 2014 to be deactivated: DGFT

The move would help in knowing the actual number of real traders in the country

Cargo clearance remains a long haul for importers; industry seeks relief

Industry says goods originating from least-developing countries but routed through some other country are not getting the preferential duty benefit

Sea change in customs clearance as govt addresses complaints over delays

74 per cent of consignments at ports got nod in less than 48 hours on Sunday

Customs clearance regulations making importers nervous

The government has raised import duties on several items and restricted import of many items subjecting them to import licensing

RBI gives exporters, importers liquidity and more time amid Covid-19 crisis

RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector

Importers, exporters to mandatorily declare GSTIN in documents from Feb 15

While importers are paying IGST on imports but not claiming credit for the same. This essentially means that the supply of imported goods to domestic channels is being done without a bill

Govt plans to ease process for importers

The finance ministry is uniting and expanding the scope of two existing programmes for importers

Compliance systems to be eased for importers

Currently an importer has to go and present physical copies of documents for approval from the authorities