Ministry of Commerce & Textile (MOC&T) has all set to amend the Imports and Exports (Control) Act, 1950 (XXXIX of 1950), while extending the date of printing labels on imported items in Urdu and English till June 30, 2019.
The move by the government to bring warehouses under the Goods and Services Tax (GST) net is likely to have a major impact on players in the organised sector who take warehouses on rent as part of their collateral management business.
New Delhi, April 8 After detecting mismatches in some e-way bill submissions, the Centre is now examining more GST Network (GSTN) data to see if such evasions are increasing sufficiently enough to consider withdrawing the facility of generating multiple e-way bills on a single invoice, an official source said on Monday.
The Texprocess Forum programme has been released and it will mainly discuss digitalisation and sustainability in the textile sector.
Reserve Bank of India(RBI) has come out with guidelines for banks to set up new currency chests, which include minimum area of 1,500 square feet for strong room.
The rupee on Tuesday opened 9 paise higher at 69.58 against the US dollar on account of some selling in American currency by banks and exporters amid sustained foreign fund inflows.