How to Avail Advance Authorisation on Export Inputs

Advance Authorisation Scheme (AAS) is a tax and duties neutralization scheme under the foreign trade policy (FTP). Under the scheme, an exporter can import duty-free goods (subject to export obligation) to be physically integrated with the export goods.

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GST Refunds on Export

In India, the export of goods and/or services is deemed as interstate supply and thus is subject to Integrated GST. However, as per the provisions made under the IGST law,

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Issues in Export Refunds -Top Reasons Why Your Invoice data did not Transmit to ICEGate

ICEGate or Indian Customs Electronic Commerce/Electronic Data Interchange (EC/EDI) Gateway is the provider of e-filing services for the importers, exporters and other trading partners in India. With ICEGate, the user

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Time Release Study – Understanding the International trade

The Time Release Study (TRS), recognised by  World Customs Organization (WCO), is a systematic and standard method to measure the average time taken to release cargoes and for each step

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GST Refund Process with Single Authority Disbursement – CBIC Advisory

In a bid to enable seamless GST refund processing and communication between taxpayers and tax officers, the GSTN portal has been incorporated with an Online GST Refund Processing System. As

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GSTN Introduces Online GST Refund Process 2019

The GST Network (GSTN) has incorporated an online GST refund process, as decided by the 37th GST Council. With this utility, taxpayers will easily be able to file for a

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Direct Port Delivery (DPD) scheme under GST

CBIC, in an attempt to reduce the dwell time, improve supply chain efficiency and minimise the cost on logistics for EXIM (Export-Import), has undertaken various steps and initiatives. One of

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Service Exports From India Scheme

SEIS or Service Export from India Scheme is reward-based initiative from the government, which aims to elevate the export of certain notified services and eventually boost the economy. Under the

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Deemed Export under GST

The process of supplying the goods (produced/manufactured in the country) on an international scale is known as Export. Such supply of goods and service contribute to the growth of an

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Introduction of Manual Checks in IGST Refunds

In a bid to minimize tax fraud using bogus bills, the Central Board of Indirect Tax and Customs (CBIC) introduced “Manual check” for its Customs and GST formation before the

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ACES Functionality Migrated and Integrated to CBIC-GST Portal

ACES or Automation of Central Excise and Service Tax is a centralised, web-based software that allows a user to automate the processes of Central Excise (CE) and Service Tax (ST)

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Zero Rated Supply Under GST

What is Zero Rated Supply In any country, the export of goods and services plays a major role in maintaining a country’s economic growth. Therefore, in order to boost the

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