GUJ-08-07-2020

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Vol. XXVI No. 43 FRIDAY 8th MAY 2020

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FFFAI hosts 1st Webinar on Financial Planning of Custom Brokers post COVID-19 lock down MUMBAI: ‘Cash is King’, ‘Survival of the Quickest’ and ‘Digitization’ will be the new mantras for tens of thousands of Customs Broking, Freight For warding and Logistics Ser vice providers in the days to come irrespective of small, medium or big companies. Lock down or no lock down, active presence of COVID-19 or not, the industry will have to live with the severe effects and apprehension of the pandemic for many more months or years ahead. Cont’d. Pg. 9

Finance Ministry relaxes norms for exporters to exports goods within 90 days of procurement NEW DELHI: The Government has relaxed the norm for merchant exporters to export goods within 90 days of procurement as the current lockdown imposed after the Covid-19 outbreak has stalled economic activity in India. Merchant exporters can buy goods from registered

businesses by paying GST at 0.1 percent on the condition that the goods will be exported within 90 days, the Finance Ministry said today. The government has extended this 90-day period till June 30 if the stated period ended between Cont’d. Pg. 10 March 20 and June 29.


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