Blogs

Introduction:  

"Merchant Exporter" means a person engaged in trading activity and exporting or intending to export goods. Merchant exporters are instrumental to boost exports which contribute to growth of Indian economy. To support the same, special benefit of procurement of goods without payment of duty is provided under earlier indirect tax laws (Central Excise/ VAT etc.) on following the procedure prescribed. Under GST, the said benefit was discontinued till 23.10.2017....

1.Application fee for grant of import authorization [Trade Notice No.22/2018 dated 11.12.2017]:  

Said Trade Notice was issued to state that the application fee as prescribed in Appendix 2K of FTP2015-20 is the processing fee and the importers are required to submit their import authorisation applications at the Regional Authority along with the prescribed fee and simultaneously at DGFT(HQ). The importers shall note that the application for grant of import licence may only be...

1. Availability of Transitional credit for Traders: 

It is seen that based on the concerns raised by various exporters, government has immediately acted upon and created a mechanism in GST portal enabling exporters to claim refund of the taxes paid. This step has been widely appreciated and exporters are at ease as their issue of working capital has been now resolved. 

We urge government to immediately address the similar issue in case of traders wherein as per transitional...