Sez
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Retail FDI: Goods procured from SEZs by single brand retailers to qualify for meeting local sourcing norms
•Goods procured from units in special economic zones (SEZs) by single brand retailers, owned by foreign companies, would qualify for meeting the mandatory 30 percent local sourcing conditions, according to a government clarification
Budget 2020: Its time govt introduced forward-looking, simplified version of I-T Act; should focus on long overdue Direct Taxes Code
Sharath Rao •On the side-lines of the Budget, the government should also focus on releasing the new Direct Taxes Code, which is long overdue.
GST fraud: Over 1,200 exporters untraceable, govt saves Rs 350 cr fake IGST refunds; involvement of customs brokers suspected
•Central Board of Indirect Taxes and Customs has obligated customs brokers under their licensing conditions to independently verifying the KYC of exporters.
Q2 results paint a bleak picture for market, Adani Ports and SEZ in stable waters; all this and more on Moneycontrol Pro
Moneycontrol •Adani Ports volumes rose sharply despite depressed market conditions in global trade, which has affected India’s trade too.
Tripura's Sabroom to get respite from water shortage as Bangladesh allows India to draw 1.82 cusecs from Feni river; here's why it's important
Fp Staff •Bangladesh's gesture provides some relief to Sabaroo residents who were forced to rely on groundwater as their only source of potable water, but that too is unfit for consumption due to high iron content
Govt may soon announce measures to boost exports; tax benefits to units in SEZ likely to get extension
•The government is expected to soon announce measures for certain sectors, including gems and jewellery, to boost the country's subdued exports, an official said
Union Budget 2019: Nasscom seeks new tax-friendly special economic zone policy beyond 2020
•IT body Nasscom has urged the government to continue the tax incentives to units in special economic zones beyond March 2020, saying that such a move will provide the industry with certainty and enable them to invest in a long-term strategy
India gets $42 billion FDI in 2018 on robust inflows in manufacturing, communication and financial services: UN report
•In South Asia, FDI inflows increased by 3.5 percent to $54 billion, said the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2019
Automated GST refunds for exporters by next month as revenue department plans to introduce faceless scrutiny
•Since the GST Network (GSTN) systems are integrated with Customs, hence, refunds are generally transferred to the bank accounts of such exporters within a fortnight.
Lupin seeks more time from govt to complete project in Indore SEZ; board of approval to take up matter on 22 April
•Lupin received the LoP on 12 April, 2016. It has already received two extensions, valid till 11 April this year.