« Top Headlines » Open DEMAT Account in 24 hrs  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups  Result of the Information Systems Audit [ISA] Assessment Test held on 8th November 2025 is likely to be declared on late evening (around 9 pm) of 16th November 2025.  Income Tax: What is revised I-T return which you can file till the end of the calendar year?  Creating Vouchers Directly from Bank Statements in Tally Prime A Complete Step-by-Step Guide «  Mauritius tax treaty in firing line again... I-T to trap business class travellers... » Exporters get self-declaration power October, 23rd 2006 The finance ministry has introduced an accredited clients programme for exporters which allows clearance of imported products on a self-declaration basis without the examination of documents and consignments. The programme, which will soon be expanded to cover exports, is likely to replace the commerce ministrys incentive scheme which allows similar privilege to status-holding export houses. According to official sources, the foreign trade policy of the commerce ministry allows self declaration on the basis of volumes exported which is a narrow criteria. The finance ministrys accredited clients programme is based on 35 parameters which include not only volume but other criteria such as the items being traded and the destination involved. The finance ministry introduced its risk management system in 11 customs locations with electronic data interchange (EDI) facilities this year. The system, while allowing clearance by self-declaration to accredited clients, will conduct random checks to ensure compliance. Exporters are already complaining that a number of customs houses are not recognising the eligibility accorded by the foreign trade policy to status-holding export houses for clearance the basis of self-declaration. Customs houses claim that they have not received any instructions from the Central Board of Excise and Customs. According to finance ministry officials, exporters should come and register themselves in the accredited clients programme of the finance ministrys risk management system (RMS) to get over the problem. Officials said while the facility of self declaration is available for imports, the process of identifying the parameters for exports was on. As soon as we have the parameters for accreditation for exports in place, we will expand our programme, an official said. RMS having features like system-based assessment of risks and no assessment, no examination for trusted clients, would also benefit in terms of increased accountability, transparency, uniformity and expeditious clearance of goods on basis of focussed, consistent, structured and scientific risk analysis.