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Introduction of GST has definitely changed the way in which business is being done due to change in indirect tax structure and law. Levy of tax has been changed from the act of sale or manufacture to act of supply. GST is levied on supply of goods or services for consideration. There are few activities which would be treated as supply even in absence of consideration. For example, stock transfer of goods to branches in other states are treated as supply to levy GST. There are doubts among...

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...