DGFT

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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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...

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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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Minimum Import Price on Iron & Steel on 19 HS Codes till 04.02.2017

Notification No 31/2015-2020 - (03/12/2016) - S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby extends the applicability of Minimum Import Price (MIP) beyond 04/12/2016 on 19 HS Codes...

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Amendments in format for Quarterly Report for Working Units & APR

Public Notice No. 45/2015-2020 - (30/11/2016) - Amendment in Annexure III and Annexure IV to Appendix -6E [Format for Quarterly Report for the Working Units and Format for Annual Progress Report for the Working Units] as contained in the Appendices and Aayat Niryat Forms of FTP 2015-20–reg....

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DGFT corrects product description in MEIS Schedules

Public Notice No. 44/2015-2020 - (15/11/2016) - The product description in the MEIS Schedules has been corrected in line with ITC (HS). Changes in product description are deemed to have been applicable from the initial dates on which the above products were included in the MEIS Schedules...

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Inclusion of new Regional Office of DGFT at Vijayawada

Public Notice No. 43/(2015-2020) - (11/11/2016) - Territorial jurisdiction of Regional Authority, Vishakhapatnam is re –allocated as whole of Andhra Pradesh excluding districts which are under jurisdiction of Regional Authority, Vijayawada....

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Boric Acid made ineligible for imports under DFIA Scheme

Public Notice No. 42/2015-2020 - (08/11/2016) - Import of Boric Acid is subjected to 'Actual User' condition. Therefore Boric Acid is made ineligible for imports under Duty Free Import Authorisation (DFIA) Scheme....

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Recent Posts in "DGFT"

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...

Read More
Posted Under: DGFT |

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...

Read More
Posted Under: DGFT |

Minimum Import Price on Iron & Steel on 19 HS Codes till 04.02.2017

Notification No 31/2015-2020 (03/12/2016)

S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby extends the applicability of Minimum Import Price (MIP) beyond 04/12/2016 on 19 HS Codes as specified in the Annex to this Notif...

Read More

Amendments in format for Quarterly Report for Working Units & APR

Public Notice No. 45/2015-2020 (30/11/2016)

Amendment in Annexure III and Annexure IV to Appendix -6E [Format for Quarterly Report for the Working Units and Format for Annual Progress Report for the Working Units] as contained in the Appendices and Aayat Niryat Forms of FTP 2015-20–reg....

Read More

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...

Read More
Posted Under: DGFT |

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...

Read More
Posted Under: DGFT |

DGFT corrects product description in MEIS Schedules

Public Notice No. 44/2015-2020 (15/11/2016)

The product description in the MEIS Schedules has been corrected in line with ITC (HS). Changes in product description are deemed to have been applicable from the initial dates on which the above products were included in the MEIS Schedules...

Read More

Inclusion of new Regional Office of DGFT at Vijayawada

Public Notice No. 43/(2015-2020) (11/11/2016)

Territorial jurisdiction of Regional Authority, Vishakhapatnam is re –allocated as whole of Andhra Pradesh excluding districts which are under jurisdiction of Regional Authority, Vijayawada....

Read More

Boric Acid made ineligible for imports under DFIA Scheme

Public Notice No. 42/2015-2020 (08/11/2016)

Import of Boric Acid is subjected to 'Actual User' condition. Therefore Boric Acid is made ineligible for imports under Duty Free Import Authorisation (DFIA) Scheme....

Read More

Amendments in SION of Product group: Food products -reg.

Public Notice No. 41/2015-2020 (02/11/2016)

Various amendments have been carried out in the Standard Input Output Norms (SION) of Product group: Food products vide Public Notice No. 41/2015-2020...

Read More
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