All payments via E-Commerce operator subject to 1% TDS: CBDT
NEW DELHI : The Central Board of Direct Taxes (CBDT) has clarified that any payment made by the buyer or seller in a transaction facilitated by the e-commerce operator (ECO), shall be included in
India targeting $500 billion exports from 10-11 sectors by 2030
NEW DELHI : Indian government is working on boosting domestic manufacturing and increasing exports to $500 billion by 2030 from 10-11 sectors, including automobiles, pharma, textiles, medical devices and chemicals, a senior official said
Industry demand amnesty scheme for customs settlement
NEW DELHI : Industry players have urged the government to introduce an amnesty scheme to resolve long-standing disputes under the Customs laws in the upcoming interim Budget. “We have received proposals for introducing an
Govt has strictly no plans to put MEP on all Agricultural commodities: Commerce Ministry
NEW DELHI : The government on Friday said there are “strictly” no plans to impose the minimum export price (MEP) on all agricultural products. Additional Secretary in the Department of Commerce Mr. Rajesh Agrawal
Petronet LNG to set up LNG terminal on east coast of India
GOPALPUR : Indian LNG importer Petronet LNG Limited (PLL) has signed binding transaction documents with Gopalpur Ports to set up its maiden LNG terminal on the east coast of India. According to Petronet LNG’s
Rice exports impacted by problems in Red Sea: Commerce Minister Piyush Goyal
NEW DELHI : Commerce and Industry Minister Shri Piyush Goyal on Thursday said rice exports have been impacted by the problems in the Red Sea, though a clear picture will emerge after the December exports data
Piyush Goyal releases ‘E-Commerce Exports handbook for MSMEs’
NEW DELHI : Union Minister of Commerce & Industry, Shri Piyush Goyal released the comprehensive“E-Commerce Exports Handbook for MSMEs” prepared by the Directorate General of Foreign Trade (DGFT) in New Delhi on Thursday. The
India could settle Oman and UK FTAs in early 2024
NEW DELHI : India negotiated hard to secure crucial bilateral deals with key trading partners, throughout 2023. Experts believe the country could secure Foreign Trade Agreements (FTAs) with the UK and Oman in the