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Read more about SME Chatroom: Import of Covid-19 vaccine will attract Integrated GST on Business Standard. The notification no.28/2021-Cus dated April 24, 2021 does not exempt IGST leviable on medical goods
We had obtained an EPCG authorisation in March 2016, i.e. in the year 2015-16. The stipulation of annual average exports was based on exports made during 2012-13, 2013-14 and 2014-15. In 2015-16, we could not achieve even the annual average exports, as the authorisation was issued in March 2016 and the capital goods were imported under the authorisation in the year 2016-17. Can we approach the EPCG committee to re-fix the annual average on the basis of exports made during 2013-14, 2014-15 and 2015-16? You can approach the EPCG committee with your request, but I think you will have to be very...
Gold imports jump 23% to $34.6 billion in 2020-21 SECTIONS Last Updated: Apr 18, 2021, 01:02 PM IST Share Synopsis Despite growth in gold imports, the country's trade deficit narrowed to $98.56 billion during 2020-21 as against $161.3 billion in 2019-20. Agencies Related NEW DELHI: Gold imports, which have a bearing on the country's current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data. Silver imports during the last fiscal, however, dipped by 71 per cent to ...
Gold imports, which have a bearing on the country's current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data. Silver imports during the last fiscal, however, dipped by 71 per cent to about USD 791 million. Imports of the yellow metal stood at USD 28.23 billion (about Rs 2 lakh crore) in 2019-20, the data showed. Despite growth in gold imports, the country's trade deficit narrowed to USD 98.56 billion during 2020-21 as against USD 161.3 billion in 2019-20. Ge...
Shares of fertiliser companies extended their winning streak at the bourses amid a broad-based rally in the markets on Monday. Most of the stocks from the sector were outperforming today even as they have surged up to 68 per cent on the BSE over the past one week. Sentiment turned optimistic in the sector after rating agency ICRA reaffirmed credit ratings of the Rashtriya Chemicals and Fertilizers (RCF’s) instruments and revised outlook to 'positive' from 'stable'. The stock of RCF hit a fresh 52-week high of Rs 90.45, jumping 19 per cent on the BSE in the intra-day trade on Monday. In the ...