DGFT

Revised ITC(HS) code 2017 for all export import related transactions

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (as amended from time to time) read with paragraph 2.01 of the Foreign Trade Policy, 2015-2020, the Central Government hereby notifies Indian Trade Classification (Harmonised System) of Import Items, 2017...

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How to obtain Importer Exporter Code (IEC) Number

An application for grant of IEC number shall be made by Registered/Head Office of applicant and apply to nearest Regional Authority of DGFT...

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Brief Analysis of Service Exports from India Scheme (SEIS)

It not only replaces Served from India scheme (SFIS) available under the Foreign Trade Policy 20109-2014, but it rationalize the incentives under the erstwhile schemes, removes various kind of restrictions of use of scrip issued under the Scheme and significantly enlarges the scope of the earlier scheme. Unlike earlier Scheme, this scheme...

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All about Merchandise Exports from India Scheme (MEIS)

Objective of Merchandise Exports from India Scheme (MEIS) is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced /manufactured in India...

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Discrepancy in Service Exports from India Scheme?

New SEIS scheme is also not free from defects. There are certain discrepancy which have not been taken care of at the time of introducing such scheme nor there has been any clarification issued by Director General of Foreign Trade (‘DGFT’) in this regard, till date....

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Measures taken by govt to diversify & boost exports from India

The Government has taken various measures to diversify and boost exports from India, which includes; (i) Merchandise Exports from India Scheme (MEIS) was included under Foreign Trade Policy (FTP) 2015-20 w.e.f. April 1, 2015...

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Salient features of Merchandise Export from India Scheme (MEIS)

The Government of India has introduced Merchandise Exports from India Scheme (MEIS) through the Foreign Trade Policy (FTP) 2015-20 w.e.f. April 1, 2015. It seeks to promote export of notified goods manufactured/ produced in India....

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Ease of Doing Business initiatives implemented by DGFT

DGFT briefly summarized the major initiatives relating to policy simplification, reducing cost of capital through interest subvention, document reduction, IT initiatives like online filing of applications, creation of trade portal and training and outreach activities....

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DGFT Launches online payment facility for application fees through Credit/ Debit Cards

Visa / Master Card Credit card transaction: 1.45% of payment amount per transaction. Visa / Master Card/Rupay Debit Card transactions: For transactions upto Rs.2000/- : 0.75% of payment amount per transaction. For transactions above Rs.2000/- : 1.00% of payment amount per transaction....

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DGFT allots IEC in 73 to 977 Years in advance

Only one Importer Exporter Code (IEC) is allowed against a single Permanent Account Number (PAN) issued by Department of Income Tax (Paragraph 2.9 of HBP). The IEC data indicates the genuineness of an exporter/ importer and determines his/her unique identity in the Trade and helps the regulatory agencies in tracking the holder in cases of...

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Indian subsidiaries of foreign companies can claim SFIS benefit

Yum Restaurants (I) Pvt. Ltd Vs Union of India (Delhi High Court) - Recently, in case of YUM RESTAURANTS (I) PVT.LTD AND Anr. v. Union of India & Ors, Hon'ble Delhi High Court pronounced that there is no provision in the Foreign Trade Policy which debars an Indian subsidiary of a foreign holding company from availing the benefit of Serve From India Scheme(SFIS)....

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As per Import and Export Policy for the period 2009-2014 mport of second hand goods except capital goods is restricted and special import license is required

Eastron Overseas Inc., Mataji Enterprises & M/s. Celestial Enterprises by bill of entries dated 12.12.2011, 14.12.2011 and 7.12.2011 had asked the Commissioner of Customs at ICD, Tughlakabad, New Delhi to permit and allow import into India of the Data Graphic Display Tubes, which have been imported ...

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DEPB – Whether aluminium grills can be termed as Extruded aluminium products, and if so, Whether assessee can take benefit of Item 7 of Code 61 – No, rules SC

The core issue that falls for our consideration and decision in this appeal is: whether aluminium grills can be termed as Extruded aluminium products? If the answer is in positive, the assessee would be covered by Item Serial No.7 of the Product Code 61 of the Duty Entitlement Passbook Scheme (for s...

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Licensing authorities have the power to amend the licence with retrospective effect- Bombay HC

The Bombay HC last week quashed the decision of the Customs, Excise, Service Tax Appellate Tribunal which held the Director General of Foreign Trade (DGFT), the licensing authority under the Foreign Trade (Development & Regulation) Act, did not have the powers to amend licences with retrospective ef...

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Bombay HC quashed DGFT policy circular which was contrary to the provisions of Foreign Trade (Development and Regulation) Act

The Bombay high court last week quashed the office memorandum / press release dated November 11 and policy circular dated December 22 last year as they were not issued under the provisions of the Foreign Trade (Development and Regulation) Act, and, therefore, the restrictions contained in them were ...

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Customs Clearance in case of RMS facilitated BEs for Pulse import

Public Notices No. 41/2017-JNCH - (24/03/2017) - It has been decided to streamline the import procedure for import of pulses especially when the importer is a DPD client and Bill of Entry is RMS facilitated i.e. under No assessment, & No examination....

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Format of declaration of exporter on reverse of DGFT’s e-BRC

Public Notice No- 40/2017-JNCH - (24/03/2017) - Acceptance of e-BRC by the Customs Authorities would be subject to appropriate declaration by the exporter on the reverse of the DGFT’s e-BRC. Prescribed format of the said declaration is annexed herewith....

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Working of Cash Section & all Groups on 25.03.2017 (Saturday)-Reg.

Facility Notice No. 39/2017-JNCH - (24/03/2017) - Attention of all the importers, exporters, customs brokers and other stakeholders is invited to the fact that cash section and all the Assessing Groups under NS-I, III & V would be working on 25.03.20 17 (Saturday) due to closing of the financial year 2016-17....

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Pre-import condition for inputs/import items specified in Appendix 4J

Public Notices No. 62/2015-2020 - (24/03/2017) - With this Public Notice, clarity is brought about applicability of Pre-import condition for inputs/import items specified in Appendix 4J. Amendment is also carried out in General Note No. 15 of Chemical and Allied Products (SION Book) to align with Appendix 4J....

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Rebate of State Levies on Export of Made-up articles

Public Notices No. 38/2017 - (23/03/2017) - In the ROSL scheme, the Central Govt. provides rebate of State levies comprising of State VAT/CST on inputs including packaging, fuel,duty on electricity generation and duties and charges on purchase of grid power as accumulated through the stages of production from yarn to finished made-ups. ...

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Recent Posts in "DGFT"

Customs Clearance in case of RMS facilitated BEs for Pulse import

Public Notices No. 41/2017-JNCH (24/03/2017)

It has been decided to streamline the import procedure for import of pulses especially when the importer is a DPD client and Bill of Entry is RMS facilitated i.e. under No assessment, & No examination....

Read More

Format of declaration of exporter on reverse of DGFT’s e-BRC

Public Notice No- 40/2017-JNCH (24/03/2017)

Acceptance of e-BRC by the Customs Authorities would be subject to appropriate declaration by the exporter on the reverse of the DGFT’s e-BRC. Prescribed format of the said declaration is annexed herewith....

Read More

Working of Cash Section & all Groups on 25.03.2017 (Saturday)-Reg.

Facility Notice No. 39/2017-JNCH (24/03/2017)

Attention of all the importers, exporters, customs brokers and other stakeholders is invited to the fact that cash section and all the Assessing Groups under NS-I, III & V would be working on 25.03.20 17 (Saturday) due to closing of the financial year 2016-17....

Read More

Pre-import condition for inputs/import items specified in Appendix 4J

Public Notices No. 62/2015-2020 (24/03/2017)

With this Public Notice, clarity is brought about applicability of Pre-import condition for inputs/import items specified in Appendix 4J. Amendment is also carried out in General Note No. 15 of Chemical and Allied Products (SION Book) to align with Appendix 4J....

Read More

Rebate of State Levies on Export of Made-up articles

Public Notices No. 38/2017 (23/03/2017)

In the ROSL scheme, the Central Govt. provides rebate of State levies comprising of State VAT/CST on inputs including packaging, fuel,duty on electricity generation and duties and charges on purchase of grid power as accumulated through the stages of production from yarn to finished made-ups. ...

Read More

Amendments in Chapter 4 of Foreign Trade Policy 2015-20

Notification No. 42/2015-2020 (21/03/2017)

No Duty Free Import Authorisation shall be issued for an input where SION prescribes 'Actual User' condition and/or Appendix-4J prescribes pre import condition for such an input....

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Amendment in Policy on Imports and Exports to Korea

Notification No. 41/2015-2020 (21/03/2017)

This notification seeks to update the Foreign Trade Policy, 2015-2020 to account for current UN Security Council Resolutions concerning Democratic People's Republic of Korea (DPRK) up to Resolution 2321(2016) of 30th November 2016....

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List of cases selected for verification for Monitoring of DEEC / Advance

Public Notices No. 37/2017-JNPT (21/03/2017)

EEC Monitoring Cell would select cases, on random basis, out of the cases, where verification is not prescribed by DGFT. In the month of March, 2017, the DEEC Mon Cell Cell has received 213 EODC’s....

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Procedure for dealing with “shipping bill copies”

Public Notices No. 36/2017-JNCH (17/03/2017)

Procedure for dealing with shipping bill copies consequent to doing away of Exchange Control Copy and Export Promotion Copy of shipping bill ...

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Regarding Export of Factory Stuffed refrigerated container

Public Notices No. 35/2017-JNCH (17/03/2017)

Members from trade exporting goods in Refrigerated containers have again requested for reconsideration of Public Notice 174/2016 dated 15.12.2016 & Public Notice No. 03/2017, dated 09.01.2017, wherein it was clarified that:...

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Latest DGFT / FTP News

Checkout all the latest news on DGFT and DGFT notifications at Taxguru.in. Read DGFT articles and DGFT news on our website which is updated regularly.

The DGFT (Directorate General of foreign Trade) is the agency under the Ministry of Commerce and Industry of the Government of India which governs the execution of policies related to import and export in the country. Till 1991 it was known as CCI&E (Chief Controller of Imports & Exports). It plays a very significant role in developing trading relations with several other nations and therefore assists in enhancing not just economic growth but also offers impetus required by the trade industry. To promote exports and imports, DGFT has established several of its regional offices throughout the country.

Some of the important functions of DGFT can be summed up as below:

  • DGFT is entrusted with the responsibility to implement several policies on trade, for instance, the Foreign Trade Policy.
  • Directorate General of Foreign Trade is the licensing authority for licensing the importers, exporters, and import and export business.
  • DGFT could restrict, prohibit and regulate imports and exports.
  • DGFT has a significant role in issuing Public Notices, Notifications, Circulars, etc.
  • DGFT grants ten digit Importer Exporter Code (IEC) that are the primary requirement for Importing and Exporting activities
  • DGFT launches several schemes time to time about trade benefits across the country.
  • DGFT has launched the ITC (HS CODE) Schedule-1 for import goods and Schedule-2 for Export goods.

At Taxguru, we bring you all the latest news on DGFT and DGFT notifications. Find out all the recent DGFT news here. We publish regular DGFT articles for our viewers at regular intervals. We keep updating our site regularly with all the latest and relevant DGFT news so that our viewers can stay informed with all the import-export related information at all times. Stay with us for more on latest DGFT news here at Taxguru.

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