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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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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Gold award for Income Tax Department under National Award on E-Governance 2014-15

The Project marks a major step in ensuring TDS compliance through the processing of TDS returns and comprehensive data processing of TDS statements using technology driven end-to-end processes. At present 15 Lakh deductors and 2.5 crore tax payers are using various e-enabled online services through the CPC (TDS). ...

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Indian subsidiaries of foreign companies can claim SFIS benefit

Yum Restaurants (I) Pvt. Ltd V. 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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Prohibition on import of milk & milk products from China till 23.06.2017

Notification No. 12/2015-2020 - (24/06/2016) - 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 23.6.2017 or until further orders, whichever is earlier....

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Additional 1,146 MTs for export of sugar to USA under TRQ

Public Notice No. 18/2015-2020 - (22/06/2016) - Additional quantity of 1,146 MTs (One Thousand One Hundred and Forty Six metric tons) of raw cane sugar to be exported to USA under TRQ upto 30.09.2016 has been notified....

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List of applicants with quantity allocated for import of Rough Marble & Travertine Blocks

Trade Notice No. 09/2016 - (21/06/2016) - In terms of Notification No. 11 dated 21/6/2016, revalidation of import authorisations issued under Trade Notice No. 12 dated 8/1/2015 has been allowed with 25% increase in import quantity of Rough Marble & Travertine Blocks. The list of 472 import authorisation holders and the quantity to be increa...

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Additional quota of 2 lakh MT for import of Rough Marble & Travertine Blocks

Notification No. 11/2015-2020 - (21/06/2016) - Additional quota of 25% (of the quota released last year) of Rough Marble and Travertine Blocks have been allowed to authorisation holders as an interim measure to be imported by 30th September, 2016....

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Reg. Exemption from DGFT licence to operate air transport services

Notification No. 10/2015-2020 - (20/06/2016) - Policy condition 1 (e) of Chapter 88 of ITC (HS), 2012 is being revised to indicate exemption from DGFT licence for persons who have been granted permission to operate air transport services by Ministry of Civil Aviation and thereon DGCA has granted permission to import aircraft on that basis....

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Recent Posts in "DGFT"

Prohibition on import of milk & milk products from China till 23.06.2017

Notification No. 12/2015-2020 (24/06/2016)

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 23.6.2017 or until further orders, whichever is earlier....

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Additional 1,146 MTs for export of sugar to USA under TRQ

Public Notice No. 18/2015-2020 (22/06/2016)

Additional quantity of 1,146 MTs (One Thousand One Hundred and Forty Six metric tons) of raw cane sugar to be exported to USA under TRQ upto 30.09.2016 has been notified....

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List of applicants with quantity allocated for import of Rough Marble & Travertine Blocks

Trade Notice No. 09/2016 (21/06/2016)

In terms of Notification No. 11 dated 21/6/2016, revalidation of import authorisations issued under Trade Notice No. 12 dated 8/1/2015 has been allowed with 25% increase in import quantity of Rough Marble & Travertine Blocks. The list of 472 import authorisation holders and the quantity to be increased in respect of each of authorisation ...

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Additional quota of 2 lakh MT for import of Rough Marble & Travertine Blocks

Notification No. 11/2015-2020 (21/06/2016)

Additional quota of 25% (of the quota released last year) of Rough Marble and Travertine Blocks have been allowed to authorisation holders as an interim measure to be imported by 30th September, 2016....

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Reg. Exemption from DGFT licence to operate air transport services

Notification No. 10/2015-2020 (20/06/2016)

Policy condition 1 (e) of Chapter 88 of ITC (HS), 2012 is being revised to indicate exemption from DGFT licence for persons who have been granted permission to operate air transport services by Ministry of Civil Aviation and thereon DGCA has granted permission to import aircraft on that basis....

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Reg. FPS Benefits to Other Cast Articles of Iron & Steel

Trade Notice No. 08/2016 (09/06/2016)

it is clarified that all Other Cast Articles of Iron or Steel failing under the four digit ITC(HS) Code- 7325 whether malleable or non- malleable are eligible for FPS under the entry at serial no. 279 of Appendix 37 D as revised vide Public Notice no. 52 dated 25.02.2014....

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Reg. Revalidation of Advance Authorizations with Bond waiver

Public Notice No. 17/2015-2020 (08/06/2016)

While allowing waiver of Bond for exports made first (before effecting imports) on pro-rata basis, Regional Authority may revalidate the Authorization in continuation for further six months for replenishment of inputs used in manufacture of export item's from the date of endorsement provided applicant has made a specific request in ANF 4D...

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Reg. Import by Actual users holding registration certificate from RNI

Notification No. 09/2015-2020 (03/06/2016)

Actual users holding registration certificate from RNI can import item covered under Exim Code heading 4801 by filing bill of entry for home consumption or warehousing, at the time of import of goods....

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Agencies Authorized to issue Certificate of Origin-Non-Preferential–reg.

Public Notice No. 16/2015-2020 (03/06/2016)

In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy (FTP), 2015-2020, the Director General of Foreign Trade hereby authorizes the following agencies to issue Certificate of Origin (Non-Preferential):...

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DGFT notifies Ten additional Pre-Shipment inspection Agencies

Public Notice No. 15/2015-2020 (31/05/2016)

In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy, 2015-20, the Directorate General of Foreign Trade hereby includes the following additional agencies in Appendix 2G of Appendices and Aayat Niryat Forms of Foreign Trade Policy, 2015-20 in terms of Para 2.55 (d) of HBP 2015-20 with immediate effect:-...

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