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India seeks to justify RoDTEP reimbursements amid US countervailing duties

This initiative follows the recent imposition by Washington of countervailing or anti-subsidy duties on certain Indian products in response to the RoDTEP scheme implemented for outgoing shipments in January 2021.Read more

Bosch registers 12.9% profit before tax in Q2 FY 2023-24

Profit after tax (including exceptional items) stood at 24.2 percent of total revenue from operations.Read more

Exporters call for enhanced benefits and expansion of RoDTEP Scheme

The Federation of Indian Export Organisations (FIEO), representing exporters, highlights disparities in refund rates. For instance, while aluminum bars and rods receive a RoDTEP refund rate of 2.2%, their value-added counterparts only get 1.2%.Read more

SMEV urges unified road tax exemption policy for EVs nationwide

In a letter addressed to the Union Minister of Road Transport and Highways, Nitin Gadkari, SMEV emphasised the critical need for a stable and supportive policy environment to expedite the transition towards electric mobility in India.Read more

GST reporting window extended to 30 Days for over Rs 100 cr turnover firms

GST assesses will now have an extended period of up to 30 days to report their invoices on the e-invoice portal. These new regulations will take effect starting from November 1.Read more

Indian industries concern over EU Carbon tax data demands

This issue was raised during a meeting convened by the Ministry of Commerce on September 6, where government representatives discussed the challenges associated with the European Union's implementation of a carbon tax.Read more

Bosch registers 12.8 % profit before tax in Q1 FY 2023-24

Total revenue from operations in Q1 of FY 2023–24 is up 17.3 per cent over the same quarter of previous year. Profit after tax stood at 9.8 percent of total revenue from operations. Read more

Sundram Fasteners shows Rs 500 Cr profit in audited financial results for FY23

The board of directors of Sundram Fasteners Limited announced the audited financial results for the year ended March 31, 2023. It showed the twin milestones of crossing consolidated revenues of Rs 5,000 crores and net profit of Rs 500 crores by the company.Read more

Seize the export opportunity

The Government of India has set an ambitious target of reaching $ 400 billion in exports for the current year. With India achieving nearly a third of its annual target in the first four months of 2021-22, $ 400 billion seems to be within the reach. Read more

RoDTEP rates for export promotion scheme expected to be notified soon

The remission rates and guidelines for export items under the new Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are expected to be announced in ten days.Read more

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