DGFT

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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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....

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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....

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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....

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Importer Exporter Code (IEC)

Importer Exporter Code IEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade, Ministry of Commerce, Government of India. As per the Foreign Trade Policy no import or export shall be made by any person without obtaining an IEC unless specifically exempted. ...

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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

The Government of India has reviewed the extant FDI policy on various sectors and made following amendments in the Consolidated FDI Policy Circular of 2015, effective from May 12, 2015, by introducing composite caps, so that uniformity and simplicity are brought ...

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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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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....

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DGFT operationalises online filing of IEC applications, online processing and issue of e-IECs in digital format

DGFT has started operationalising online filing of Importer Exporter Code (IEC) applications, online processing and issue of e-IECs in digital format. Now new entrepreneurs/exporters/importers can apply online for issue of new IEC from the comfort of their home/IT Kiosk with no more visits to the Regional Authority's office required, and ...

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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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Export of Potatoes permitted subject to MEP of US$ 360 per MT

Notification No. 15/2015-2020 - (26/07/2016) - With immediate effect, the table in respect of Sl. No. 50A inserted vide Notification No. 85(RE-2013)/2009-2014 dated 26th June, 2014 relating to export of potato as amended vide Notification No. 112 (RE-2013)2009-2014 dated 20.02.2015, is substituted as follows:...

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Removal from the list of Inspection and Certification Agencies

Public Notice No. 23/2015-2020 - (22/07/2016) - M/s. Trans Border Safety Control Inspection Services LLC, USA was notified as Pre Shipment Inspection Agency vide Public Notice No. 34(RE: 2013)/2009-14 dated 29.10.2013. A Show Cause Notice (SCN) No. 01/53/171/214/AM16/PSIA-101/IC dated 3/6/2016 was issued to them for mis-declaration in the Pre-Shi...

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Tax Deduction in foreign earning calculation for SFIS/SEIS Schemes

Trade Notice No. 11/2015-20 - (21/07/2016) - Deduction of State /Central Taxes collected from the customers while calculating foreign earnings for SFIS/SEIS Schemes- The State/ Central taxes payable by the Customer to Governments are collected from the Customer by the Service Provider on behalf of the Governments concerned. Hence, such taxes a...

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Closure of EPCG authorizations in case of supplies to SEZ units

Trade Notice No 10/2016 - (20/07/2016) - Closure Of EPCG authorizations in case of supplies to SEZ units which have been made prior to 01.4.2015 and where exports proceeds have not been realized through Foreign Currency Account (FCA) of the SEZ unit....

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Amendment in Import Policy related to Hazardous Wastes

Notification No. 14/2015-2020 - (14/07/2016) - Hazardous waste (including substances containing or contaminated with such hazardous wastes) as specified in Schedule VI of Hazardous and Other Wastes (Management and Transboundary Movement) Rules, 2016 shall be 'Prohibited' for imports, notwithstanding anything contained in this ITC (HS)....

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Recent Posts in "DGFT"

Export of Potatoes permitted subject to MEP of US$ 360 per MT

Notification No. 15/2015-2020 (26/07/2016)

With immediate effect, the table in respect of Sl. No. 50A inserted vide Notification No. 85(RE-2013)/2009-2014 dated 26th June, 2014 relating to export of potato as amended vide Notification No. 112 (RE-2013)2009-2014 dated 20.02.2015, is substituted as follows:...

Read More

Removal from the list of Inspection and Certification Agencies

Public Notice No. 23/2015-2020 (22/07/2016)

M/s. Trans Border Safety Control Inspection Services LLC, USA was notified as Pre Shipment Inspection Agency vide Public Notice No. 34(RE: 2013)/2009-14 dated 29.10.2013. A Show Cause Notice (SCN) No. 01/53/171/214/AM16/PSIA-101/IC dated 3/6/2016 was issued to them for mis-declaration in the Pre-Shipment Inspection Certificate issued by t...

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Tax Deduction in foreign earning calculation for SFIS/SEIS Schemes

Trade Notice No. 11/2015-20 (21/07/2016)

Deduction of State /Central Taxes collected from the customers while calculating foreign earnings for SFIS/SEIS Schemes- The State/ Central taxes payable by the Customer to Governments are collected from the Customer by the Service Provider on behalf of the Governments concerned. Hence, such taxes arc not earnings of the service provider,...

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Closure of EPCG authorizations in case of supplies to SEZ units

Trade Notice No 10/2016 (20/07/2016)

Closure Of EPCG authorizations in case of supplies to SEZ units which have been made prior to 01.4.2015 and where exports proceeds have not been realized through Foreign Currency Account (FCA) of the SEZ unit....

Read More

Amendment in Import Policy related to Hazardous Wastes

Notification No. 14/2015-2020 (14/07/2016)

Hazardous waste (including substances containing or contaminated with such hazardous wastes) as specified in Schedule VI of Hazardous and Other Wastes (Management and Transboundary Movement) Rules, 2016 shall be 'Prohibited' for imports, notwithstanding anything contained in this ITC (HS)....

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
Posted Under: DGFT |

Extension of date for filing applications for TRQ on Maize

Public Notice No. 22/2015-2020 (11/07/2016)

The time limit for submitting completed applications in ANF-2M for allocation of Tariff Rate Quota (TRQ) on Maize is extended till 8th August, 2016...

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Amendment in SION of Product Group`Chemical & Allied Products’

Public Notice No. 21/2015-2020 (06/07/2016)

The standard Input Output Norms (SION) for export product under S No. A 1875 has been reviewed. There is change in the description of the Export and Import items....

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Inclusion of ICDs at Hosur & Nattakkam under Para 4.37 of HBP

Public Notice No. 20/2015-2020 (01/07/2016)

ICDs located at Hosur (Tamil Nadu) and Nattakkam Village (Kottayam Taluk and District) are included under para 4.37 (a) Hand Book of Procedures (2015-2020) for availing export promotion benefits....

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Procedure to authorise for export to Iran of specified items in SCOMET list

Public Notice No. 19/2015-2020 (29/06/2016)

Authorization for export of items in Categories 0, 3 (other than 3D), 4, 5 and 7 of the SCOMET list to Iran would be subject to the relevant provisions contained in Annex B to the UN Security Council resolution 2231 (2015). The licensing authority, i.e. DGFT or Department of Atomic Energy...

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