DGFT

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....

Read More

SEIS: Are You Ready To Apply from April 1, 2016

The Service Exports from India Scheme (‘SEIS’) was introduced last year under the new Foreign Trade Policy 2015-2020 (‘the FTP’) to encourage export of services from India. The new SEIS policy initiative is a much better policy initiative than the erstwhile Served From India Scheme (‘SFIS’) that had its own limitations in term...

Read More

What Factors basically deal with foreign Trade Policy?

According to Foreign Trade (Development and Regulation) Act, 1992 foreign trade policy basically contain a set of guidelines or instruction of import and export. Its primary purpose is not merely earn to foreign exchange but also to stimulate greater economy activity....

Read More

Export Promotion Capital Goods Scheme (EPCG) under FTP 2015-2020

The objective of the EPCG Scheme is to facilitate import of capital goods for producing quality goods and services to enhance India’s export competitiveness. EPCG scheme allows the import of capital goods for pre-production, production and post -production at Zero custom duty....

Read More

All about Service Exports from India Scheme (SEIS)

The new five year Foreign Trade Policy (FTP) 2015-2020 introduces the 'Service Exports from India Scheme (SEIS)'. This reward scheme shall come into force from the date of notification i.e. 1.04.2015. The rewards under SEIS shall be admissible for services rendered on or after the date of notification of this Policy....

Read More

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....

Read More

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....

Read More

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....

Read More

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...

Read More

Foreign Trade Policy 2015-2020 Unveiled

The new five year Foreign Trade Policy, 2015-20 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the Make in India vision of Prime Minister....

Read More

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)....

Read More

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 ...

Read More

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...

Read More

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...

Read More

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 ...

Read More

Guidelines for designating/certifying a Common Service Provider by DGFT

Public Notice No. 33/2015-2020 - (23/09/2016) - ANF 5A of Aayat Niryat Forms of FTP 2015-20 has been amended to include guidelines for designating/certifying a Common Service Provider by DGFT, Department of Commerce or State Industrial Infrastructure Corporation in a Town of Export Excellence under Para 5.02 (b) FTP 2015-20....

Read More

Reg. Definition of service provider under Common Service Providers in EPCG scheme

Trade Notice No. 18/2016 - (23/09/2016) - The issue has arisen whether EPCG authorizations can be issued to a person who does job work for the exporter of goods, as a CSP under para 5.02 read with para 1.35 of Foreign Trade Policy (FTP) 2015-20....

Read More

Reg. Refund of Terminal Excise Duty (TED) under Deemed Exports

Trade Notice No 17/2016 - (22/09/2016) - The Policy Circular No. 16 (RE-2012/2009-14) dated 15.3.2013 also while specifying the categories where ab-initio exemption is there, specified that no refund of TED should be provided by RAs of DGFT/Office of Development Commissioners, because such supplies are ab-initio exempted from payment of ex...

Read More

MEIS -Change in reward Rate of 575 Items & addition of 2901 new items

Public Notice No. 32/2015-2020 - (22/09/2016) - Merchandise Exports from India Scheme (MEIS)- Additions/amendments in Table 2 [containing ITC (HS) code wise list of products with reward rates] of Appendix 3B. A-Additions in Table-The following 2901 lines are added to the MEIS Schedule with immediate effect:...

Read More

Relaxation in Import policy Granite Slabs wef 01.10.2016

Notification No. 29 (RE-2015)/2015-2020 - (17/09/2016) - The import of items under the ITC(HS) Codes 68022310, 68022390, 68022900 and 68029300 related to granite slabs is permitted freely provided cif value is US $ 50 or above per square metre (for maximum thickness of slab of 20 mm) w.e.f. 1.10.2016....

Read More

Browse All Categories

CA CS ICWA (3,095)
Company Law (2,998)
Custom Duty (6,182)
DGFT (3,247)
Excise Duty (3,861)
Finance (3,070)
GST (2,083)
Income Tax (20,866)
Others (0)
RBI / FEMA (2,700)
SEBI (1,626)
Service Tax (3,163)

Recent Posts in "DGFT"

Guidelines for designating/certifying a Common Service Provider by DGFT

Public Notice No. 33/2015-2020 (23/09/2016)

ANF 5A of Aayat Niryat Forms of FTP 2015-20 has been amended to include guidelines for designating/certifying a Common Service Provider by DGFT, Department of Commerce or State Industrial Infrastructure Corporation in a Town of Export Excellence under Para 5.02 (b) FTP 2015-20....

Read More

Reg. Definition of service provider under Common Service Providers in EPCG scheme

Trade Notice No. 18/2016 (23/09/2016)

The issue has arisen whether EPCG authorizations can be issued to a person who does job work for the exporter of goods, as a CSP under para 5.02 read with para 1.35 of Foreign Trade Policy (FTP) 2015-20....

Read More

Reg. Refund of Terminal Excise Duty (TED) under Deemed Exports

Trade Notice No 17/2016 (22/09/2016)

The Policy Circular No. 16 (RE-2012/2009-14) dated 15.3.2013 also while specifying the categories where ab-initio exemption is there, specified that no refund of TED should be provided by RAs of DGFT/Office of Development Commissioners, because such supplies are ab-initio exempted from payment of excise duty....

Read More

MEIS -Change in reward Rate of 575 Items & addition of 2901 new items

Public Notice No. 32/2015-2020 (22/09/2016)

Merchandise Exports from India Scheme (MEIS)- Additions/amendments in Table 2 [containing ITC (HS) code wise list of products with reward rates] of Appendix 3B. A-Additions in Table-The following 2901 lines are added to the MEIS Schedule with immediate effect:...

Read More

Relaxation in Import policy Granite Slabs wef 01.10.2016

Notification No. 29 (RE-2015)/2015-2020 (17/09/2016)

The import of items under the ITC(HS) Codes 68022310, 68022390, 68022900 and 68029300 related to granite slabs is permitted freely provided cif value is US $ 50 or above per square metre (for maximum thickness of slab of 20 mm) w.e.f. 1.10.2016....

Read More

Relaxation in Import policy of Marble slabs w.e.f. 1.10.2016

Notification No. 28 (RE-2015)/2015-2020 (17/09/2016)

The import of items under the ITC(HS) Codes 6802 10 00, 6802 21 10, 6802 21 20, 680221 90, 6802 91 00, 6802 9200 and 25151220 related to marble slabs is permitted freely provided cif value is US $ 40 or above per square metre (for maximum thickness of slab of 20 mm) w.e.f. 1.10.2016....

Read More

Relaxation in Import policy of Rough Marble & Travertine Blocks wef 01.10.2016

Notification No. 27 (RE-2015)/2015-2020 (17/09/2016)

Import of Marble and Travertine- Crude or Roughly trimmed and merely cut, by sawing or otherwise, into blocks of a rectangular (including square) shape permitted freely provided cif value is US$ 200 or above per MT....

Read More

Issuance of Free Sale & Commerce Certificate to Merchant Exporters – reg.

Policy Circular No. 02/2015-20 (15/09/2016)

Para 2.37 of Hand Book of Procedure, 2015-2020 deals with the issue of Free Sale & Commerce Certificate by Regional Authorities to exporters / merchants. As certain doubts have arisen in the Proforma of the certificate, it is clarified that the exporter has to indicate the details of the manufacturer or the exporter (if he himself is not ...

Read More

Guidelines for Issue of Duty Credit Scrips under IEIS Scheme

Trade Notice No. 16/2016 (14/09/2016)

In pursuance of the Trade Notice No.4 dated 05.05.2016, changes in entitlement in the online system for the IEIS Quarterly cases has been incorporated and list of such cases where Supplementary Scrip is to be issued is made available in the Online Application Menu of the Quarterly IBIS Scheme....

Read More

Reg. Incorrectly issued simultaneous benefits of Zero Duty EPCG and SHIS

Public Notice No. 30/2015-2020 (08/09/2016)

Notification of procedure to be followed in cases of incorrectly issued simultaneous benefits of Zero Duty EPCG and SHIS in FTP 2009-14 by the Director General of Foreign Trade in exercise of powers conferred under Para 2.04 of the Foreign Trade Policy 2015-2020...

Read More
Page 1 of 32512345...102030...Last »