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ALIGNING FOREIGN TRADE POLICY WITH GST

ALIGNING FOREIGN TRADE POLICY WITH GST

The commerce ministry aligned provisions of the foreign trade policy with the Goods and Services Tax (GST), which comes into effect from midnight. As per the trade notice, all imports including those by the exporters will attract GST. For export oriented units (EOUs),they are allowed duty free imports of goods for their authorised operations.T he import of goods covered under GST would be exempted from the the duty of customs.

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