{"id":215285,"date":"2019-06-03T14:15:32","date_gmt":"2019-06-03T08:45:32","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=215285"},"modified":"2019-06-11T21:59:24","modified_gmt":"2019-06-11T16:29:24","slug":"withdrawal-of-indias-generalized-system-of-preference-gsp-benefits-by-usa","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/06\/03\/withdrawal-of-indias-generalized-system-of-preference-gsp-benefits-by-usa\/","title":{"rendered":"Withdrawal of India\u2019s Generalized System of Preference (GSP) benefits by USA"},"content":{"rendered":"

The United States of America (USA) has w.e.f. 5 June 2019 withdrawn India\u2019s GSP benefits. These are unilateral, non-reciprocal and non-discriminatory benefits extended by some developed countries to developing countries. India as part of our bilateral trade discussions, had offered resolution on significant US requests in an effort to find a mutually acceptable way forward.<\/p>\n

\n

[Source: PIB]<\/strong><\/p>\n

Ministry of Commerce & Industry<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The United States of America (USA) has w.e.f. 5 June 2019 withdrawn India\u2019s GSP benefits. These are unilateral, non-reciprocal and non-discriminatory benefits <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[17831,35796,35794,6571,35795,30735],"class_list":["post-215285","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications","tag-benefits","tag-bilateral-trade","tag-generalized-system-of-preference","tag-india","tag-non-discriminatory-benefits","tag-usa"],"yoast_head":"\nWithdrawal of India\u2019s Generalized System of Preference (GSP) benefits by USA | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2019\/06\/03\/withdrawal-of-indias-generalized-system-of-preference-gsp-benefits-by-usa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Withdrawal of India\u2019s Generalized System of Preference (GSP) benefits by USA\" \/>\n<meta property=\"og:description\" content=\"The United States of America (USA) has w.e.f. 5 June 2019 withdrawn India\u2019s GSP benefits. 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Following statement was issued: The amended legislation seeks to expedite citizenship for religious minorities \u2013 naming specifically only Hindus, Sikhs, Buddhists, Jains, Parsis and\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/UN-LOGO.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/UN-LOGO.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/UN-LOGO.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/UN-LOGO.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/UN-LOGO.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":39551,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/03\/17\/agreement-on-social-security-is-signed-between-india-and-18-other-countries\/","url_meta":{"origin":215285,"position":4},"title":"Agreement on Social Security signed between India and 18 other Countries","author":"Sucheta","date":"March 17, 2016","format":false,"excerpt":"On 9th March 2016, the Minister for External Affairs informed in Lok Sabha\u00a0that India has signed Social Security Agreements (SSAs) with 18 countries . They are Belgium, Germany, Switzerland, Denmark, Luxembourg, France, South Korea, Netherlands, Hungary, Finland, Sweden, Czech Republic, Norway, Canada, Japan, Austria, Portugal and Australia. Bilateral Social Security\u2026","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":212155,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/16\/signing-of-bilateral-agreement-for-exchange-of-cbc-reports-between-india-and-usa\/","url_meta":{"origin":215285,"position":5},"title":"Bilateral Agreement for Exchange of “CbC Reports” signed between India and USA","author":"Bhumika Indulia","date":"March 16, 2019","format":false,"excerpt":"Sub-section (4) of Section 286 of the Income-tax Act, 1961 requires that a constituent entity of an international group, resident in India, other than a parent entity or an alternate reporting entity of an international group, resident in India, shall furnish the Country-by-Country (CbC) Report in respect of the said\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/Income-Tax-Department-Logo.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/Income-Tax-Department-Logo.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/Income-Tax-Department-Logo.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/Income-Tax-Department-Logo.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/Income-Tax-Department-Logo.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/215285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=215285"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/215285\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=215285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=215285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=215285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}