MANSA hails government’s exemption of 5% integrated GST on ‘ocean freight’ on import from 1st October 2023
MUMBAI : The Finance Ministry has notified changes to the IGST Act exempting payment of 5% integrated GST under reverse charge mechanism on ‘ocean freight’ on imports by CIF (Cost, Insurance and Freight) contract,
UP Govt to set up warehouses, Cargo terminals and trucking hubs to boost exports
LUCKNOW : The Uttar Pradesh (UP) Government is planning to set up a network of warehouses, cargo terminals, and trucking hubs across the state in a bid to double the state’s merchandise exports to
CONCOR announces Sanjay Swarup as new CMD
NEW DELHI : Shri Sanjay Swarup appointed as the new Chairman and Managing Director of Container Corporation of India (CONCOR). This announcement follows the recent Annual General Meeting (AGM) held on September 26, 2023.
FIEO seeks support for MSME exporting units
NEW DELHI : The Federation of Indian Export Organisations (FIEO) has sought extension of the Emergency Credit Linked Guarantee Scheme (ECLGS) till the end of March next year. In a meeting with Union Finance
India and Bangladesh discuss preparations to start talks for free trade agreement
NEW DELHI : India and Bangladesh have discussed preparations to start talks for a free trade agreement (FTA) between the two countries to promote economic ties, an official statement said on Sunday. It was
Government waives export taxes on Bangalore rose onions
NEW DELHI : The Finance Ministry exempted export of Bangalore rose onion from duty with immediate effect, subject to certain conditions, as per a notification issued on Friday. If the exporter provides a certificate from the state horticulture
Hapag-Lloyd increases rates from Middle East and Indian Subcontinent to US East Coast and Gulf Coast
HAMBURG : Hapag-Lloyd announced a General Rate Increase (GRI) / General Rate Adjustment (GRA) from the Middle East and Indian Subcontinent to the United States East Coast and Gulf Coast for cargo transported in
UAE and Australia FTAs boost engineering exports, shipments up 9% in April-August period of FY24
NEW DELHI : India’s engineering exports received a much-need boost on account of free trade agreements (FTAs) with UAE and Australia with shipments to both nations surging 9% in April-August period of the financial