The Directorate General of Foreign Trade (DGFT) is gearing up to activate its import management system for registration of laptops, computers, and tablets from November 1, as there may be no further postponement of the government’s decision to switch to an import authorisation system beyond October 31, sources have said.
However, the registration process will be “simple and non-restrictive” to begin with. Importers will be required to just register on the DGFT’s system, specifying the quantity they intend to import, following which they will be issued import authorisation for the same, an official tracking the matter told businessline.
Source a2ztaxcorp
Latest Posts in "India"
- Bombay HC Rules Freight Charges Reimbursed by Wholesalers Not Part of Sale Price
- GST Council announces major rate restructuring and exemptions
- Traders Face Penalties for Not Passing GST Reductions to Customers, Warns Government
- CBIC Clarifies GST Implications on Secondary or Post-Sale Discounts for Businesses
- India Slashes GST on Drones to 5%, Boosting Domestic Manufacturing and Sectoral Growth