Exports were up 30.6% in November from a year ago, data released by the commerce department showed, while imports were up 19.6% in the month. Cumulatively, the services exports during the April- October period of the 2017-18 fiscal reached USD 94.48 billion. The imports stood at USD 55.44 billion. India's exports rose 30.55 per cent to USD 26.19 billion in November, reversing the decline witnessed in October, helped by robust growth in shipments of gems and jewellery and engineering goods Dolphin Maritime bags best performance award for highest Export CFS cargo from MSWC-CFS Jawaharlal Nehru Port Trust (JNPT), India’s premier container port, has won the coveted Port Operator Award at the Lloyd’s List South Asia, Middle East and Africa awards which were announced on November 28, 2017 in Dubai.

Import Export Blogs

Import Export Blogs

In relation to GST, following are the concessions / incentives for exports : (1) Exemption from GST on final products or (2) Refund of GST paid on inputs.

Export of goods or services or b...

 
Import Export Blogs

Even after introduction of GST following duties may not be subsumed under GST regime and they may continue to be levied as usual. These duties are:

Basic Customs Duty

Anti-Dumpi...

 
Import Export Blogs

No exemptions have been specified in the draft law for STP and SEZ units. Upfront exemption from customs duty/ excise duty for STP units and SEZ units (including service tax and CST exemption for S...

 
Import Export Blogs

As per the provisions of IGST law, export of goods and/or services are to be treated as “zero rated supplies” and a registered taxable person exporting goods or services shall be eligib...

 
Import Export Blogs

As per provisions of the GST law import of goods into India shall be deemed to be a supply in the course of inter-State trade or commerce. It has also been provided that Integrated Tax on goods imp...

 
Import Export Blogs

GST is a destination based tax on consumption of goods or services. It is also the policy of the Government of India to export the goods and/or services not the taxes out of India. Thus, exports wi...