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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Govt to implement SC Judgment on Target Plus Scheme under FTP 2004-09

It held that the Notification No. 48/2005 dated February 20, 2006 (certain products were made ineligible) and Notification No. 8/2006 dated June 12, 2006 (rates were reduced to 5% from the earlier 5, 10 and 15%) related to the Target Plus Scheme (TPS) could not be applied retrospectively and they would be effective only from the date of t...

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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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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 Enterprises Inc. Vs Commissioner of Customs (Delhi High Court) - 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

Commissioner of Customs Vs. M/s. Caryaire Equipment India Pvt. Ltd. (Supreme Court of India) - 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

M/s. Bhilwara Spinners Ltd. V/s. Union of India, Customs and Anr. (Bombay High Court) - 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

Eurotex Industries & Exports vs Union Of India (Bombay High Court) - 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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Amendment in export policy of Muli Bamboo & bamboo products

Notification No. 11/2015-2020-DGFT - (23/06/2017) - Export of Mull Bamboo till 31.03.2019 and bamboo products (except bamboo charcoal, bamboo pulp and unprocessed bamboo shoots) mace from bamboo obtained from legal sources has been permitted....

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Prohibition on import of milk and milk products from China extended till 23.6.2018

Notification No. 10/2015-2020 - (22/06/2017) - Prohibition on import of milk and milk products (including chocolates and chocolate products and candies/ confectionary/ food preparations with milk or milk solids as an ingredient) from China is extended for one more year, i.e., till 23.6.2018 or until further orders, whichever is earlier....

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Processing of shipping bills in manual mode at JNCH

Public Notice No. 78/2017-JNCH - (21/06/2017) - Attention of the Importers, Exporters, General Trade, Port Terminal Operator, Shipping Lines/Shipping Agents, CFSs and all other stakeholders is invited to various Public Notices issued from time in relation to assessment, examination & clearance of export consignments including Public Notice No 137...

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Compliance of Procedure for movement of import cargo in containers from Port to CFS

Public Notice No. 77/2017-Customs-JNCH - (21/06/2017) - Compliance of Procedure for movement of import cargo in containers from Port to CFS as prescribed vide Facility Notice No 161/2016, dated 28.11.2016 (and subsequent Public Notices on DPD) and Public Notice No 01/2017, dated 04.01.2017 issued by JNCH in relation to Shipping Lines / Shipping Agents et...

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Help Desk for GST issues related to Foreign Trade Policy

Trade Notice No. 10/2018-DGFT - (14/06/2017) - In continuance of Trade Notice No. 08/2018 dated 8th June 2017 and in furtherance of objectives stated in the said trade notice, it is decided to constitute a GST Help Desk in DGFT Headquarters to reply queries on GST related to Foreign Trade Policy....

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Recent Posts in "DGFT"

Amendment in export policy of Muli Bamboo & bamboo products

Notification No. 11/2015-2020-DGFT (23/06/2017)

Export of Mull Bamboo till 31.03.2019 and bamboo products (except bamboo charcoal, bamboo pulp and unprocessed bamboo shoots) mace from bamboo obtained from legal sources has been permitted....

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Prohibition on import of milk and milk products from China extended till 23.6.2018

Notification No. 10/2015-2020 (22/06/2017)

Prohibition on import of milk and milk products (including chocolates and chocolate products and candies/ confectionary/ food preparations with milk or milk solids as an ingredient) from China is extended for one more year, i.e., till 23.6.2018 or until further orders, whichever is earlier....

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Processing of shipping bills in manual mode at JNCH

Public Notice No. 78/2017-JNCH (21/06/2017)

Attention of the Importers, Exporters, General Trade, Port Terminal Operator, Shipping Lines/Shipping Agents, CFSs and all other stakeholders is invited to various Public Notices issued from time in relation to assessment, examination & clearance of export consignments including Public Notice No 137/2011, dated 16.11.2011...

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Compliance of Procedure for movement of import cargo in containers from Port to CFS

Public Notice No. 77/2017-Customs-JNCH (21/06/2017)

Compliance of Procedure for movement of import cargo in containers from Port to CFS as prescribed vide Facility Notice No 161/2016, dated 28.11.2016 (and subsequent Public Notices on DPD) and Public Notice No 01/2017, dated 04.01.2017 issued by JNCH in relation to Shipping Lines / Shipping Agents etc under the Provisions of Handling of Ca...

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Help Desk for GST issues related to Foreign Trade Policy

Trade Notice No. 10/2018-DGFT (14/06/2017)

In continuance of Trade Notice No. 08/2018 dated 8th June 2017 and in furtherance of objectives stated in the said trade notice, it is decided to constitute a GST Help Desk in DGFT Headquarters to reply queries on GST related to Foreign Trade Policy....

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Manual filing and processing of bills of entry – regarding

Public Notice No. 76/2017 (14/06/2017)

Attention of all Importers, Customs Brokers, Members of the Trade and others is invited towards Board's Instructions No.-06/2017 dated 02.06.2017. It has been reiterated that manual bill of entry shall be allowed to be filed in EDI locations only in exceptional and genuine cases where permitted by the Principal Commissioner/ Commissioner ...

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Alignment of State Codes of ICES with GSTN

Public Notice No. 74/2017 (13/06/2017)

Currently in ICES, State Codes are maintained as per RBI list, and is used being for declaration in Bills of Entry and Shipping Bills for various purposes.(State of Origin in Shipping Bill and State Code for VAT Registration)....

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Changes in IEC with the introduction of GST

Trade Notice No. 09-DGFT (12/06/2017)

With the implementation of the GST w.e.f. (the notified date), GSTIN would be used for purposes of (i) credit flow of IGST on import of goods, and (ii) refund or rebate of IGST related to export of goods....

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Revision in Import policy of Poultry and Poultry Products

Notification No. 09/2015-2020 (08/06/2017)

Import policy of Poultry and Poultry Products is revised and will be regulated as per S.O. 2337(E) dated 8th July, 2016, as amended from time to time, issued under the Livestock Importation Act, 1898....

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DGFT Constitutes GST Facilitation Cell

Trade Notice: 08/2018 (08/06/2017)

To ensure smooth and successful roll out of GST w.e.f. 1st July 2017, the likely date of implementation of GST, it is decided to constitute a 'GST Facilitation Cell' in DGFT Headquarter and all Regional offices of DGFT to serve as the first point of contact for addressing any issues regarding GST in respect of Foreign Trade Policy....

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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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