DGFT - Page 20

Online filing & processing of application for SCOMET items export

Trade Notice No. 20/2015-20 (19/02/2016)

Presently applications for export of SCOMET items are to be mandatorily filed online using digital signature as per Para 2.73 (b) of the Handbook of Procedures of FTP 2015-20. The requisite documents in respect of these applications continue to be submitted manually at present....

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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 |

Focus Product Scheme on export of omeprazole & Lansoprazole

Trade Notice No. 19/2015 (17/02/2016)

Department of Pharmaceuticals have been consulted who have clarified that this entry be interpreted as two specific entries containing finished dosage forms based upon either Omeprazole or Lansoprazole used as the Active Pharmaceuticals Ingredients rather than treating this entry as a formulated product containing both of these bulk drugs...

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Export of Roasted Gram in consumer packs upto 1 Kg permitted

Notification No 40/2015-20 (15/02/2016)

Notification No 40/2015-20 The prohibition on export of pulses till further orders as notified vide Notification No 78(RE-2013)/2009-14 dated 31.03.2014 read with SI. No. 54 in Chapter 7 of Schedule 2 of ITC(HS) Classification of Export & Import Items, as amended from time to time, will not apply to export of Roasted Gram (whole/split) i...

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Instruction on applications for IEC / modification in IEC –regd.

Trade Notice No. 18/2016 (12/02/2016)

Trade Notice No. 18/2016 s IEC applications in manual mode will only be accepted till 31.3.2016, henceforth applicants seeking IEC through manual mode are required to submit their application in the format notified vide Public Notice no 58 dated 1.2.2016 along with signatory applicant’s photograph and only the two documents, as indicate...

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Procedure for export of sesame seeds to European Union countries – Deferment of implementation

Notification No 39/2015-20 (11/02/2016)

Central Government hereby makes the following amendment in Notification No. 37/2015- 20 dated 03.02.2016 relating to procedure for export of sesame seeds to the European Union countries:-...

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FAQs on Minimum Import Price & Policy for Iron & Steel

Trade Notice No. 17/2016 (10/02/2016)

Trade Notice No. 17/2016 This Directorate has received various queries for clarification on the Notification No. 38 dated 5th February, 2016 regarding MIP on Iron and Steel under Chapter 72 of ITC (HS) 2012. The following queries raised are clarified point-wise as under:-...

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Reg. Closure of Advance Authorisation licences by SEZ

Trade Notice No. 16/2015 (10/02/2016)

Trade Notice No. 16/2015 A number of representations have been received in this Directorate from Trade, Industry and Export Promotion Council for EOU and SEZ on the pending requests for allowing closure/ redemption/EODC in cases where the Advance Authorisation holder had made supplies to SEZ units and realised the proceeds in Indian Rupee...

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Minimum Import Price introduced against 173 HS Codes

Notification No. 38/2015-2020 (05/02/2016)

Notification No. 38/2015-2020 a) Imports under Advance Authorisation Scheme are exempted from Minimum import Price (MIP) under this Notification; b) MIP is also exempted for all API grade steel conforming to X-52 and higher API grades !Or manufacturing pipes used for pipeline transportation systems in the petroleum and natural gas industr...

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Procedure for export of sesame seeds to the European Union countries

Notification No. 37/2015-2020 (03/02/2016)

The new entries at Sl. No. 68A and 68B shall be inserted in Chapter 12 of schedule 2 of ITC (HS) Classification of Export & Import Items as follows...

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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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