DGFT articles

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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Posted Under: 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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Posted Under: DGFT |

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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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...

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Posted Under: 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....

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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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Posted Under: DGFT |

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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Posted Under: DGFT |

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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Posted Under: DGFT |

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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Posted Under: DGFT |

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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Posted Under: DGFT |
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