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1. 

OPTION TO PAY FINE IN LIEU OF CONFISCATION UNDER THE PROVISIONS OF THE CUSTOMS ACT, 1962.

01.11.2019

Introduction

Fine means inter alia "a sum of money required to be paid especially to the Government as a penalty for an offence". Whenever any goods are confiscated under the provisions of the Customs Act, 1962 after due process of adjudication, the read more »
2. 

Making rebates WTO-compatible.

23.09.2019

The Finance Minister, in a press conference, announced that the present Merchandise Exports from India Scheme (MEIS) is to be replaced with one called 'Rebate of Duties and Taxes on Export Products’ (RoDTEP). This would be from the beginning of 2020, with the outlay likely to be read more »
3. 

Exporters still face various problems.

09.09.2019

Last week, Manmohan Singh, the former Prime Minister and Noted Economist, expressed worry on the economic situation. And, asked the Government to engage with thinking minds to take it out of a man-made crisis. He mainly blamed demonetisation and hastily implemented Goods and Services Tax (GST) for read more »