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One significant change in the new DEPB Scheme is that in terms of Para 4.3.5 of the Exim Policy even excise duty paid in cash on inputs used in the manufacture of export product shall be eligible for brand rate of duty drawback as per rules framed by Department of Revenue which was not mentioned in the earlier DEPB Scheme.
Coca-Cola was India's leading soft drink until 1977 when it left India after a new government ordered the company to dilute its stake in its Indian unit as required by the Foreign Exchange Regulation Act (FERA). In 1993, the company (along with PepsiCo) returned after the introduction of India's Liberalization policy. [10]
India, China, and the Southeast Asian countries. The Act East policy [1] is an effort by the Government of India to cultivate extensive economic and strategic relations with the nations of Southeast Asia to bolster its standing as a regional power and a counterweight to the strategic influence of the People's Republic of China.
In the year 2024–2025, gold and its finished items (HS code 71) were the second-largest traded items with 55.846 billion US$ worth imports and 41.692 billion US$ worth re-exports after value addition, and a significant amount of this Gold is being imported from Japan as Gold Chemical Compounds to save duty and import tax free under India ...
The Ministry of External Affairs, headed by External Affairs Minister Subrahmanyam Jaishankar, is responsible for executing the foreign policy of India.Modi's foreign policy is focused on improving relations with neighboring countries in South Asia, [3] engaging the extended neighbourhood of Southeast Asia and the major global powers.
India has removed import duties on some components key to producing mobile phones, Finance Minister Nirmala Sitharaman announced in the annual budget on Saturday, in a boost for local production ...
The visit generated unprecedented enthusiasm among Nepali public and politicians as he addressed the constituent assembly of Nepal, first world leaders to do so, where pledged for US$1 billion line of credit to Nepal to support the infrastructure projects and said "Nepal can free India of its darkness with its electricity.
India Singapore Comprehensive Economic Cooperation Agreement CECA 29 June 2005 1 August 2005 [7] South Korea: India Korea Comprehensive Economic Partnership Agreement (IKCEPA) CEPA 7 August 2009 1 January 2010 [7] Sri Lanka: India Sri Lanka Free Trade Agreement (ISFTA) FTA 28 December 1998 1 March 2000 [9] United Arab Emirates