DRAWBACK
Revised All Industry Rates of Duty Drawback shall come into force from 30.10.2023 – Notification 77/2023-Customs (NT).
GREEN CREDIT
On 12-10-2023, the Ministry of Environment, Forest and Climate Change notified the Green Credit Rules, 2023 to leverage a competitive market-based approach for green credit for incentivizing environmental actions of various stakeholders. The provisions came into force on 12-10-2023. Incentivize environmental positive actions through market-based mechanism and generate green credit, which will be tradable and made available for trading on a domestic market platform. To encourage industries, companies and other entities to meet their existing obligations, and encourage other persons and entities, to undertake voluntary environmental measures by generating or buying green credit.