Advance Authorisation Scheme allows duty-free imports of raw materials, which are required to produce export goods. It allows traders to import raw materials at 0% import duty if those raw materials will be used to manufacture export products. Duty Free Import Authorisation (DFIA Scheme) The pur...
The panel has provided a task to the fitment committee, a group of tax officers to review the implication of tinkering rates on certain items and present them before the GST council.On July 1, 2017, GST was been introduced and compensation was ensured to the states for the revenue loss ...