Union Finance Minister Nirmala Sitharaman announced introduction of remission of duties for export products (RoDTEP) to replace the existing merchandise exports from India scheme (MEIS). Revenue foregone for implementation of RoDTEP would be Rs 50,000 crore

Cumulatively, during April-August 2019, exports were down 1.53 per cent to $133.54 billion while imports contracted by 5.68 per cent to $206.39 billion

The biggest ever joint-operation by DRI-DGGI teams targeted exporters who were claiming refund of IGST fraudulently. Sources say pan-India searches were carried out at 336 different locations across the country on Wednesday.

The scheme gives a window to tax litigants to settle any pre-GST indirect tax-related disputes. It covers disputes under central excise, service tax and specified cesses including education cess, krishi kalyan cess and swachh bharat cess

FM Nirmala Sitharaman, however, did not elaborate on the two steps to be taken by the government. She stated that consumption needs to be given a push

The government should bring out clear rules to ensure that this dispute resolution scheme does not itself become the root cause for more legacies which require another amnesty

The mobile industry body says the sale of high-end mobile phones in the grey market is causing an estimated loss of Rs 2,500 crore annually to the exchequer

India's exports have declined 9.71 per cent to $25.01 billion in June 2019 as compared to $27.7 billion in June 2018. It becomes all the more difficult as the global trade environment is far from being export friendly

The 400-acre land was reserved by former Chief Minister and Congress leader Vilasrao Deshmukh, who also held the Heavy Industries portfolio in the Centre, for BHEL.

The Budget sets the ball rolling on key agenda of the Modi 2.0 government