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Govt extends incentives to exports via courier medium to boost e-commerce

The government has extended incentives for exports through the courier medium, a move aimed at promoting shipments through e-commerce. This was informed in the meeting of Board of Trade (BoT) in Mumbai. "In the realm of e-commerce exports, the Board of Trade was informed by officials from the Central Board of Indirect Taxes and Customs (CBIC) that effective immediately, RoDTEP, RoSCTL, and drawback benefits will be extended to all exports made via courier," the commerce ministry said in a statement. It added that plans to extend these benefits to postal route exports are also in the pipeline, creating a more equitable environment for e-commerce exporters utilising the courier and postal mode. RoDTEP (Remission of Duties and Taxes on Exported Products) provides refunds of central, state, and local taxes and levies on exported products that are not covered by other schemes. The scheme covers a range of sectors, including marine, leather, gems and jewellery, agriculture, electrical,

The Economic Times

Return of the gas-guzzling, huge-engine supercar as Aston Martin unveils flagship model Vanquish

Aston Martin has introduced its new flagship model, the Vanquish. Priced at $429,000, this luxurious coupe features a carbon-fiber body and a leather-and-cashmere interior. It is powered by a twin-turbocharged 5.2-litre V-12 engine producing 824 horsepower, reaching a top speed of 214 miles per hour.

Hindustan Times

Crayola trademarks the smell of its crayons, a 'slightly earthy soap with pungent, leather-like clay undertones'

Crayola, which ranks number one in US sales in the coloring category, trademarks the smell of its crayons

The Economic Times

Leather, footwear exporters seek PLI scheme in Budget to boost jobs, manufacturing, shipments

The Council for Leather Exports (CLE) urged the government to extend the Production-linked Incentive (PLI) scheme for the leather and footwear sector to boost job creation and manufacturing. At a pre-budget meeting, CLE Chairman Rajendra Kumar Jalan also requested import duty exemptions on wet blue, crust, and finished leather to enhance competitiveness.