DGFT - Page 336

Policy Circular No. 6 (RE-98) /98-99 , Dated: 20.05.1998

Policy Circular No. 6 (RE-98) /98-99 (20/05/1998)

.Certain instances have been brought to the notice of DGFT wherein some of the exports effected by 100% EOU/ units in the Export Processing Zones are also being counted towards discharge of export obligation under advance licences or wherein DEPB benefits are being claimed. Thus the same exports are also being counted towards benefits und...

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Export of Sugar from the free sale quota of the year 1997-98 and 1998-99

Policy Circular No. 5 (RE-98)/98-99 (19/05/1998)

Attention is invited to the entry at Sl. No. 25 of Schedule 2 Appendix 1 of the book titled "ITC(HS) Classifications of Export and Import Items 1997-2002" and the Policy Circular No. 2 (RE-98)/98-99 dated 24.4.98 issued in this regard....

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Provisional Shipment under DEPB pending fixation of DEPB rate.

Policy Circular No. 4 (RE-98)/98-99 (15/05/1998)

The matter has been re-examined in view of the fact that the DEPB rate for the formulations is likely to be notified shortly, it has been decided that the export of formulations of bulk drugs namely injection/Intravenous infusion/Syrup /Oral Suspension/ Tablet/ Capsule under DEPB scheme may be allowed provisionally even if no DEPB rate ex...

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Public Notice No. 13 (RE-98)/1997-2002, Dated: 08.05.1998

Public Notice No. 13 (RE-98)/1997-2002 (08/05/1998)

In respect of cases where Gold/Silver/Platinum has been booked with the nominated agencies but exports have not been effected within prescribed time limit, but have been completed subsequently, in respect of bonafide exporters, such cases may be regularised on payment of penalty equivalent to interest @24% on duty involved in such bookin...

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Public Notice No. 12 (RE-98)/97-02, Dated: 05.05.1998

Public Notice No. 12 (RE-98)/97-02 (05/05/1998)

Attention is invited to Ministry of Commerce (Import Trade Control) Public Notice No.74-ITC(PN)/85-88 dated the 21st February, 1986 on the subject mentioned above. It is hereby informed that in pursuance of the relevant provisions contained in the Indo-USSR deferred payments protocol dated the 30th April, 1981 and 23rd December, 1985....

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Public Notice No. 11 (RE-98)/1997-2002, Dated: 05.051998

Public Notice No. 11 (RE-98)/1997-2002 (05/05/1998)

This notification is issued for continuance of deemed export benefits for supplies made to Thermal Power Project of MPEB in the wake of withdrawal of World Bank Loan for this project subject to the terms and conditions mentioned in the foregoing Paragraph and in Appendix XVIII of the Hand-Book of Procedures (March, 1994 edition). ...

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Public Notice No. 10 (RE-98)/1997-2002, Dated: 01.05.1998

Public Notice No. 10 (RE-98)/1997-2002 (01/05/1998)

In exercise of powers conferred under paragraph 4.11 of the Export and Import Policy, 1997-2002, as notified in the Gazette of India Extraordinary, Part-II- Section 3 – Sub- section (ii) vide S.O No. 283(E) dated 31.3.97, the Director General of Foreign Trade hereby notifies the credit rates under DEPB scheme in respect of items as give...

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Notification No. 5(RE-98)1997-2002, Dated: 30.04.1998

Notification No. 5(RE-98)1997-2002 (30/04/1998)

In exercise of powers conferred by section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.3 of the Export and Import Policy, 1997-2002 (incorporating amendment made upto 13.4.98) , the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002: (inc...

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Amendment in H.B. Vol. I

Public Notice No. 9 (RE-98)/1997-2002 (30/04/1998)

In case of exports under DEPB scheme, the FOB value in free foreign exchange shall be converted into Indian rupees as per the authorised dealers’ T/T buying/on-demand buying rate, as the case may be, prevalent on the date of negotiation/purchase of document....

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Freely importable items from SAARC Countries.

Public Notice No. 8 (RE-98)/97-02 (29/04/1998)

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992), the Central Government hereby makes the under mentioned items freely importable into India if imported from SAARC countries namely Bangladesh, Bhutan, Nepal, Maldives, Sri Lanka or Pakistan subject to the conditi...

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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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