Engineering exporters’ body EEPC India said the Minimum Import Price (MIP) on steel is resulting in an inversion of duty with imports of finished goods increasing at a far more rapid speed than raw material. “Any inversion in duty at this stage would be a big setback to the government…
Tag: Directorate General of Foreign Trade
Government classifies online sales to foreign buyers as exports
The government on April 12 said all sales by Indian sellers to foreign buyers through digital platforms would be classified as export. All domestic sellers who supply goods and services to foreign buyers would be classified as exporters. It will allow them to claim benefits under the Merchandise …