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 ...

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 ...