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International - Foreign Trade
International - Foreign Trade

DGFT notified under FTP to permit Invoicing, payment and settlement of exports/imports in INR in sync with RBI’s circular

Byefficpro September 17, 2022October 7, 2024

The DGFT vide Notification No. 33/2015-2020 dated September 16, 2022 notified Para 2.54(d) under the Foreign Trade Policy, 2015-2022 (“FTP”)…

Read More DGFT notified under FTP to permit Invoicing, payment and settlement of exports/imports in INR in sync with RBI’s circularContinue

International - Foreign Trade
International - Foreign Trade

Govt. notifies Regulations specific to overseas investment and transfer/acquisition of immovable property outside India

Byefficpro August 24, 2022October 7, 2024

RBI vide Notification No. No. FEMA 400/2022-RB, Dated 22.08.2022 has notified the Foreign Exchange Management (Overseas Investment) Regulations, 2022…

Read More Govt. notifies Regulations specific to overseas investment and transfer/acquisition of immovable property outside IndiaContinue

International - Foreign Trade
International - Foreign Trade

RBI permitted international trade settlement in INR for imports & exports

Byefficpro July 11, 2022October 7, 2024

In a big relief to Indian importers and exporters and In order to promote growth of global trade with…

Read More RBI permitted international trade settlement in INR for imports & exportsContinue

International - Foreign Trade
International - Foreign Trade

Change in FDI Rules – Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022 to amend Rules 2019

Byefficpro April 16, 2022October 7, 2024

In view of upcoming IPO of LIC of India, the Government has amended Foreign Exchange Management (Non-debt Instruments) (Amendment)…

Read More Change in FDI Rules – Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022 to amend Rules 2019Continue

International - Foreign Trade
International - Foreign Trade

DGFT issued amendments w.r.t. EPCG authorizations to reduce the compliance burden and enhance ease of doing business

Byefficpro April 14, 2022October 7, 2024

The DGFT vide Public Notice No. 03/2015-2020 dated April 13, 2022 has issued amendments in Chapter 5 of the Handbook…

Read More DGFT issued amendments w.r.t. EPCG authorizations to reduce the compliance burden and enhance ease of doing businessContinue

International - Foreign Trade
International - Foreign Trade

Government announced Remission of Duties and Taxes on Exported Products (RoDTEP) export promotion scheme for exporters

Byefficpro August 17, 2021October 7, 2024

Government has announced a Rs 12,400 crore outlay for the Remission of Duties and Taxes on Exported Products…

Read More Government announced Remission of Duties and Taxes on Exported Products (RoDTEP) export promotion scheme for exportersContinue

International - Foreign Trade
International - Foreign Trade

Summary of draft rules/regulations published by RBI for public comments related to overseas investments from India

Byefficpro August 11, 2021October 7, 2024

Overseas Investments and acquisition of immovable properties outside India by persons resident in India is presently governed by…

Read More Summary of draft rules/regulations published by RBI for public comments related to overseas investments from IndiaContinue

International - Foreign Trade
International - Foreign Trade

Amendment of Importer-Exporter Code (IEC) related provisions under Foreign Trade Policy, 2015-2020

Byefficpro March 30, 2021October 21, 2024

Every year from April to June even if all details of IEC remain same all existing holders have…

Read More Amendment of Importer-Exporter Code (IEC) related provisions under Foreign Trade Policy, 2015-2020Continue

International - Foreign Trade
International - Foreign Trade

Foreign ownership of 100% possible now for companies incorporated in UAE

Byefficpro November 25, 2020October 21, 2024

UAE allows 100% ownership of businesses for foreign nationals from 1st Dec 2020 as per the Cabinet Resolution…

Read More Foreign ownership of 100% possible now for companies incorporated in UAEContinue

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