DAY 6 — FROM SECTION 25(4A) TO CAROTAR: YOUR FTA ORIGIN PLAYBOOK
Day-6 of 30-Day Series on the Customs Act 1962 and FTP 2023 by CA Navjot Singh.
Day-6 of 30-Day Series on the Customs Act 1962 and FTP 2023 by CA Navjot Singh.
After a gap of about ten years, India and New Zealand on Sunday announced resumption of negotiations for a proposed free trade agreement to boost economic ties. India and New Zealand began negotiating the Comprehensive Economic Cooperation Agreement (CECA) in April 2010 to boost trade in goods, services, and investment. However, after nine rounds of discussions, the talks stalled in 2015.
The government on Tuesday imposed restrictions on the import of gold jewellery and parts from all countries, except from its free-trade agreement (FTA) partner United Arab Emirates amid an ‘unusual surge’ in the inbound shipments.
The department of commerce is working with the Goods and Services Tax Network (GSTN) to explore ways to compile sector-wise…