Initially set to expire on September 30, 2024, India has extended its import management system (IMS) for laptops and other IT hardware products until December 31, 2024, with new import approvals required starting January 1, 2025, based on revised guidelines.
India aims to become a semiconductor manufacturing hub to reduce import dependencies in electronics production and advance the development of frontier industries. We note the beneficiaries of the flagship India Semiconductor Mission incentives program as well as key startups and distribution players in the country’s emerging chip ecosystem.
To facilitate ease of doing business, South Korea and India have initiated the electronic transfer of bill of lading (BoL) between their respective customs authorities. The transition from physical to electronic document submission is expected to be fully implemented within the next 1 to 1.5 years.
We profile the progress in India-ASEAN bilateral and trade relations, as economic and strategic engagement continues to strengthen between the two regions.
The Companies Act, 2013, marked a paradigm shift by making Corporate Social Responsibility (CSR) mandatory for companies meeting specific financial thresholds. These companies are required to spend at least 2 percent of their net profit over the last three years on CSR activities and must submit annual filings and financial disclosures to support compliance.
India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms.
As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds.
This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country.
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