Import/exportbranschmeddelanden

  1.  Income Tax Related

• Last Date for Income Tax Return of FY 2018-19 extended till 30th June 2020
• Interest rate is 9% for delayed payments for FY 2018-19
• Delayed deposit of TDS will incur an interest rate of 9% instead of 20%

  2.  Vivaad se Vishswaas scheme, Aadhaar PAN linking & dates for notice filing is extended to 30 June 2020

  3.  GST-related Relief

• The last date for filing Mar-April-May 2020 GST returns extended to 30 June 2020
• For a company with less than Rs. 5 Crore turnover, no interest, no late fee and no penalty will be charged
• For companies with a turnover of over Rs 5 Crore will be charged with a reduced interest rate of 9%

  4.  Customs Clearance will operate 24*7 till 30th June 2020

  5.  Sabka Vishwas scheme for settling disputes in indirect tax regime is extended to 30 June 2020. During this period, people who are paying will have no interest.

  6.  Relaxation of a period of 60 days till the next two quarters for holding board meetings

  7.  No additional 10% charge on VivaasSe Vishwas scheme

  8.  IBC Section 7,9,10 may be relaxed

• The threshold for default has been raised to Rs 1 Crore

  9.  Compliance -related to Aquaculture

• The expiry date of all SIPs for import of shrimp brute and other aquaculture inputs have been extended for three months
• Delay up to one month of the arrival of shipment won't be considered as a delay
• Rebooking of quarantine cubicle for cancelled consignment in aquatic quarantine facilities in Chennai can be done without any extra cost.
• Verification of documents and grants of NOC for quarantine will be relaxed for 7 days to 3 days

 10.  Bank charges to be reduced for digital trade transactions for all trade finance consumers.

The Safmarine shipping company has announced that all the documents related work will take place on Odex, the online platform for shipping documents with immediate effect due to the COVID 19 – the Corona Virus situation.

Click Here To See The Official Notification

According to the latest updates of the Safmarine shipping company, they will be operational as the staffs will be working remotely in the light of the COVID 19 – the Corona Virus situation. Considering the lockdown of most of the cities pan India there will be a delay in services like the movement of containers, DO issuance and also exception handling i.e Via loadings.

Click Here To See The Official Notification

The department of commerce in Indian Government has issued a notice announcing that export of surgical/ disposable masks, ventilators and the raw materials used to make them, is prohibited indefinitely with effect immediately.

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The world leader in shipping and logistics, CMA CGM group has closed a deal of Terminal Link joint venture with China Merchants Port (CMP) where 51% is owned by CMA CGM and 49% by CMP. According to this, the company reduce its debt increasing their liquidity. Also, they have managed to strengthen their balance sheet amidst the high uncertainty created by the global Covid-19 health crisis.

Click Here To See The Official Notification

A complete lockdown for 21 days in effect to the widespread of COVID 19 across the country, CMA CGM group of companies have closed down all their counters. They have also announced that the cheque and demand drafts will not be accepted until further notice and those that wish to make the payments can do so online by availing their E- payment facilities. Details for the same are available.

Click Here To See The Official Notification