What is Duty drawback scheme (DDS)?
Recently the GST authorities found that exporters are misusing the government’s duty drawback scheme (DDS) by claiming it along with refunds of integrated goods and
Greenback Trading
The rupee weakened sharply against the US dollar recently amid sparse trading volumes as some foreign banks purchased the greenback, likely on account of overseas
Advance Authorisation Scheme
Recently, the directorate general of foreign trade (DGFT) simplifies the composition fee for export obligation extension under the advance authorisation scheme. About the Advance authorisation
Application Supported by Blocked Amount system (ASBA)
Recently, the Securities and Exchange Board of India (Sebi) gave details of a proposed framework for shifting to a new payments system for secondary market
Cabinet approves 3 new Multi-State Cooperative Societies
The Union Cabinet, recently approved the setting up of a National Level multistate cooperative export society under the Multi State Cooperative Societies (MSCS) Act, 2002.
