Centre approves Customs clearance facility at Surat Diamond Bourse
SURAT : Ministry of Finance, Government of India has approved custom clearance facility at upcoming Surat Diamond Bourse (SDB) which is going to be inaugurated by Prime Minister Shri Narendra Modi in December this
Fin-Min suggests Niti Aayog to prepare plan to rationalise share of cargo carried by rail, road and waterways
NEW DELHI : Considering the skewed share of cargo transported by road, rail and waterways, the Finance Ministry has asked the Niti Aayog to carry out a study to assess the “optimal freight modal
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,
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
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
‘Vivad Se Vishwas Scheme’ approves over 10,000 claims worth Rs 256 Crore for MSMEs within six months of launch
NEW DELHI : In a significant development benefiting Micro, Small, and Medium Enterprises (MSMEs), various Ministries and Departments of the Government of India have approved over 10,000 claims from MSMEs under the Vivad se
Digital economy playing major role in boosting India’s growth, says finance ministry
NEW DELHI : High-frequency indicators such as Goods and Services Tax (GST) collection, e-way bills, Purchasing Managers’ Index (PMI) for manufacturing, and PMI services are carrying forward the growth momentum in July-August 2023 Along
Union Finance Minister chairs review meeting with CBIC
NEW DELHI : Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a review meeting with Central Board of Indirect Taxes & Customs (CBIC). The review meeting was attended by the Revenue