In international trade, it is common to come across customers with preference for settling payments in foreign currencies. Such preferences may be influenced by the business policy of a customer or ...

The Timber Industry Development Division (TIDD) is to introduce a new standard permit invoice for the export of timber and wood products come June 1, this year. Mr Henry Coleman, Contract and Permit ...

Compliance solutions provider and fintech company IRIS Business Services launched an Invoice Registration Portal (IRP), one of the first private government-authorised invoice registration portals, for ...

This explains how non-realisation of export proceeds within FEMA timelines leads to GST refund reversal and interest liability. The key takeaway is that exporters must track realisation deadlines ...