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Industry Specific Laws
All exporters availing of RoDTEP (Remission of Duties and Taxes on Exported Products) benefits for the Financial Year 2023-24.
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The Reserve Bank of India (RBI) issues the Master Direction on Export of Goods and Services to oversee foreign exchange dealings associated with the export of goods and services from India. It operates according to Section 7, Sections 10(4), and 11(1) of the Foreign Exchange Management Act (FEMA), 1999, along with relevant regulations such as the FEMA (Current Account Transactions) Rules, 2000, and FEMA Notification No. 23(R)/2015-RB. The Master Direction brings together regulatory guidelines and reporting requirements for Authorized Dealer Category-I (AD-I) Banks and exporters, ensuring adherence to India's foreign trade and exchange control regulations.
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The circular issued by AMFI provides clarity on the time limit for the renewal of ARN (AMFI Registration Number) and the payment of commission to Mutual Fund Distributors (MFDs) for business procured before the expiry of ARN validity.
READ MOREJudicial Insight
Vaibhav Goel vs Deputy Commissioner of Income Tax on 20 March 2025.
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