DGFT - Page 30

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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Applicability of Para 5.10 (d) of HBP, 2015-20 relating to third party exports under EPCG Scheme

Policy Circular No. 03(RE-98)/15-20 (02/09/2015)

It is clarified that the provisions of Para 5.10(d) of HBP 2015-20 Shall be applicable to third party exports made on or after 01.04.2015 (even in respect of exports made under EPCG authorisations issued prior to 01.04.2015). Third party exports which have been made prior to 01.04.2015 will be governed by the provisions of relevant policy...

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FTP -Board of Approval can extend Letter of Permission of existing EOUs

Public Notice No. 31/2015-20 (26/08/2015)

An enabling provision has been incorporated in paragraph (7) of Appendix 6-B of Appendices and Aayat Niryat Forms of FTP 2015-20 so as to enable the Board of Approval to consider and decide the cases for extension of Letter of Permission of existing EOUs....

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Procedure for filing applications under MEIS & SEIS by units located in SEZs and EOUs

Public Notice No. 30/2015-20 (26/08/2015)

Importer Exporter Code(IEC) holders having units in SEZs /EOUs shall apply to the concerned Development Commissioner of Special Economic Zones (SEZs) given in appendix 1A for availing benefit under Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) provided in FTP 2015-2020....

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Onions export subject to MEP of US$ 700 F.O.B. per MT

Notification No. 18/2015-2020 (24/08/2015)

Export of onion for the item description at Serial Number 51 & 52 of Chapter 7 of Schedule 2 of ITC (HS) Classification of Export & Import Items shall be permitted subject to a Minimum Export Price (MEP) of US$ 700 F.O.B. per Metric Ton or as notified by DGFT from time-to-time....

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Reg. Procedure for registration of duty credit scrips issued under MEIS and SEIS

Public Notice No. 58/2015-16 (10/08/2015)

Due to some technical reasons, the MEIS/ SEIS licence cannot be registered in the EDI system (ICES 1.5v). Until the EDI module of the MEIS/SEIS scheme is operationalised, following procedure is prescribed for the Manual Registration of Duty Credit Scrips issued under Merchandise Exports from India Scheme (MEIS) and Service Exports from In...

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Export of Rice Bran oil in bulk exempted from prohibition on export of edible oils

Notification No. 17/2015-20 (06/08/2015)

Notification No 17 /2015-20 Dated : 6 August, 2015 Export of Rice Bran oil in bulk has been exempted from the prohibition on export of edible oils. Also, the quantity ceiling on export of organic edible oils has been removed....

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Amendment in paragraph 3.05 of Handbook of Procedures of FTP, 2015-2020

Public Notice No. 29/2015-20 (04/08/2015)

Facility has been provided for exporters to continue to file applications for benefits under Chapter 3 schemes of the earlier Foreign Trade Policy (ies), as per procedures prescribed in the corresponding HBPs....

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Amendment in export policy of sawn timber – addition of ports for export to Nepal

Notification No. 16/2015-2020 (28/07/2015)

Export of sawn timber to Nepal made exclusively out of imported wood logs through the port of Kolkata has been permitted from the Land Customs Station (LCS) of Raxaul....

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Amendment in export policy of sawn timber-addition of ports for export to Nepal

Notification No. 16/2015-20 (28/07/2015)

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.02 of the Foreign Trade Policy, 2015-20, the Central Government, with immediate effect, hereby makes the following amendments in Chapter 44 of Schedule 2 of ITC(HS) Classification of Export and Import...

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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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