To promote international trade, various incentives are provided by the Indian Government under the Customs Laws and Foreign Trade Policies. A glimpse of following crucial concepts would be covered:
o Merchandise Exports from India Scheme (MEIS) / Service Exports from India Scheme (SEIS)
o Duty Drawback
o Advance authorization
o Export Promotion Capital Goods (EPCG) Scheme
o Free Trade Agreements/Preferential Trade Agreements (FTAs/PTAs)
o In-bond manufacturing
o Remission of duties or taxes on export products (RoDTEP)
Prerana is a young professional practising in various facets of indirect taxes including GST and Customs since the past decade. Having a strong background of indirect taxes, she is handling past litigations of Central Excise, Service tax, etc. With the advent of the new Real Estate Regulation i.e. Real Estate (Regulation & Development) Act, 2016, she has now ventured into Real Estate Sector apart from indirect taxes. She is currently a Director of GSC Intime Services Pvt. Ltd., a rapidly growing firm of Indian origin, having a presence in East, West and North Region of India with around 150 teammates spread across India. She has been part of various tax firms earlier such as Sudit K. Parekh & Co. (SKP), MZS & Associates (Now BDO) and Ernst and Young Pvt. Ltd. (EY)