ENA Sectors 2018-10-05 07:12:52 <p><strong>New Delhi, Oct 5 (KNN)</strong> The Directorate General of Foreign Trade (DGFT) has done away with the value limit for exports through post but has fixed Rs 5 lakh cap in case of overseas shipments through courier services.</p> <p>In a recent notification, DGFT has said that the value limit stipulated on exports through post&hellip;has been done away with. The value limit of Rs 5 lakh will be applicable only in case of courier exports.</p> <p>Meanwhile, in a separate notification, DGFT had said imports under three duty exemption schemes &mdash; advance authorisation, EPCG (export promotion capital goods), and EOU (export oriented units) &mdash; would be exempted from integrated goods and services tax (IGST) and compensation cess till March 31, 2019.</p> <p>Earlier this year, DGFT had extended the exemption from Integrated Goods &amp; Services Tax (IGST) and Compensation Cess under these three schemes till October 1, 2018.</p> <p>Objectives of these schemes are to promote exports, enhance foreign exchange earnings, attract investment for export production and employment generation.</p> 20988 https://knnindia.co.in/news/newsdetails/sectors/value-limit-for-exports-through-post-removed-for-overseas-shipments-limit-capped-to-rs-5-lk 2018-10-05 07:12:52 knnindia.co.in