The country’s primary anti-smuggling intelligence agency has begun resending notices to exporters for availing GST exemptions where exports preceded imports. The Directorate of Revenue Intelligence (DRI) move followed a Supreme Court stay on a Gujarat High Court order favouring the exporters. The high court had quashed a revenue department notification allowing DRI to penalise exporters for allegedly not following “pre-import condition” and availing wrongful Goods and Services Tax (GST) exemptions. Many exporters will now have to cough up Integrated Goods and Services Tax (IGST) and penalties as these notices mean that the tax department will not wait for another apex court directive. These companies had first exported goods and then imported raw materials but still claimed export benefits in the form of tax leeway.


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Atma Nirbhar Bharat

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Atma Nirbhar Bharat: Part 3- Agriculture

Press Conference by Finance Minister

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Measures announced on 14th May , 2020 for Business in general and MSMEs in particular.

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" Chilies were natives of the Americas. Brought down to India in ancient times, Indian cuisine embraced it and today Indian curries have no identity without them. "

" A knowledgeable use of spices and seasonings is what gives Indian Cuisine its uniqueness and excitement. "

" Paprika Oleoresin is used in chicken feed – Capsanthins and other natural pigments, impart a red tint to the egg yolk "

" Cardamom is known as the queen of spices, thanks to its sweet delicate flavor – Arabs love them in their coffee and Scandinavians in their pastries "