RAI has submitted a representation to the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India seeking clarification on whether third-party invoicing was permitted under South Asian Free Trade Area (SAFTA). And if third-party invoicing is permitted, whether the FOB value of goods invoiced from the third party, including the margin is eligible for the exemption. In its representation, RAI has highlighted the wide acceptance of the practice of third-party invoicing worldwide.

RAI submits recommendations on Legal Metrology proposal

The Department of Legal Metrology, Ministry of Consumer Affairs has come up with a proposal for decriminalizing the Legal Metrology Act, 2009. The salient features of the Act are:

• Every offense is now compoundable

• Director nomination has now been removed

Click here to view the proposal. RAI has submitted its proposal on the same to the Department.
(Click here to view RAI's comments )