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Indias medical device exports to the UK are impacted by prolonged regulatory approval processes, according to think tank GTRI. To promote exports, India should negotiate a Mutual Recognition Agreement (MRA) to expedite the entry of medical devices into the UK market, particularly for devices with CDSCO license or Quality Council of Indias Indian Certification of Medical Devices (ICMED) certification.

Get latest articles and stories on Latest News at LatestLY. Prolonged regulatory approval processes in the UK impact India's exports of medical devices to the British market, think tank GTRI said on Wednesday. Latest News | Prolonged Regulatory Approval Processes in UK Impact India's Medical Devices Exports to Britain: GTRI.

The Delhi High Court has held that the Tax Research Unit (TRU) cannot issue clarification regarding the classification of polypropylene woven and non-woven bags under the Customs Tariff Act, 1975.The...

The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that no excise duty is applicable on Residual Fuel Gas (RFG) cleared by Haldia Petrochemicals.The bench...

The Punjab Authority for Advance Ruling (AAR), has while considering an application filed before it, held that 5% GST is applicable to coal rejects.

The Canada Border Services Agency (CBSA) has released an updated list of trade compliance verification priorities for July 2022. Verification priorities are established throughout the...

Find out how to use the Harmonised System to classify your goods and what the product-specific rules are.

The Indian Finance Act, 2020 incorporated many changes in the customs law and procedures, including administration of Rules of Origin under Trade Agreements. A new Chapter VAA has been incorporated in the Customs Act, 1962 to provide for enabling provision for administering the preferential tariff treatment regime under various trade agreements, including FTAs, etc. As per WTOs statistics, there are 305 regional trade agreements in force as on date. India has entered into 15 free trade agreemen...

Rationalisation of various taxes According to Kinjal Shah, vice president, ICRA, the aviation industrys deteriorating financial health has raised tax sops expectations to help reduce their high cost and debt burden, especially lowering taxes on ATF. Advertisement The ATF comprises nearly 30-40% of the total cost of an airline, and the prices in India are 45-50% higher, compared to international standard prices, she added. Though, ahead of the budget, the government has also hinted that it is p...

Budget 2021 aviation expectations: Double liquor, baggage allowance from duty-free shops, says CII Top Searches This story is from January 11, 2021 Budget 2021 aviation expectations: Double liquor, baggage allowance from duty-free shops, says CII TIMESOFINDIA.COM / Jan 11, 2021, 16:04 IST FacebookTwitterLinkedinEMail Budget 2021: The additional baggage allowance must be subjected to purchases from a duty-free shop in the country. NEW DELHI: Budget 2021 should look to increase the baggage allow...