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A major development in global trade policy occurred after a U.S. federal trade court ordered the government to begin the process of refunding tariffs that had previously been declared unlawful. The ruling follows an earlier decision by the Supreme Court of the United States which invalidated several tariffs imposed under…

The recent reduction of the Remission of Duties and Taxes on Exported Products (RoDTEP) benefit by 50% has created serious concern among exporters across multiple sectors. Since RoDTEP plays a key role in neutralizing embedded taxes and duties that are not otherwise refunded, any reduction directly impacts export cost competitiveness.…

The global trade environment witnessed a major policy shift after the United States Supreme Court struck down several sweeping tariffs imposed under the Trump administration. Within hours of this legal setback, a new 10% tariff on imports was announced, creating fresh uncertainty in international trade and cost planning for exporters…

India and the European Union are moving closer to finalising a long-awaited Free Trade Agreement (FTA) that could significantly reshape bilateral trade and investment flows. Given the size of both economies, this agreement is being viewed as one of the most consequential trade partnerships India has pursued in recent years.…

Export promotion schemes such as Advance Authorisation and EPCG (Export Promotion Capital Goods) play a vital role in reducing import costs for exporters. While fulfilling the export obligation (EO) is the primary requirement under these schemes, the compliance process does not end there. Once the export obligation is completed and…

India and New Zealand have taken a significant step toward strengthening their bilateral relationship by advancing discussions around a Free Trade Agreement (FTA). This proposed agreement aims to enhance economic cooperation, boost bilateral trade, and create new opportunities for businesses in both countries. With global supply chains evolving and countries…

In international trade, timely realization of export proceeds is one of the most important compliance requirements for every exporter. But in real business scenarios, not every export transaction results in successful payment from the overseas buyer. Delays, disputes, cancellations, or business closures may prevent the exporter from receiving the foreign…

In a significant move to ease export compliance and simplify trade procedures, the Reserve Bank of India (RBI) has empowered authorised dealer (AD) banks to close EDPMS (Export Data Processing and Monitoring System) entries independently for consignments up to ₹10 lakh without seeking prior approval from the central bank. Earlier,…

For exporters, every refund matters — especially when it comes to customs duty drawback, a key incentive designed to promote exports and improve profitability. However, many exporters face long delays in receiving their pending duty drawback refunds. If your claim has been stuck for months, understanding the type of drawback…