directorate general of foreign trade

Electronic payment of tax refund for deemed exports

Tax refund benefits relating to domestic transactions, considered as deemed exports, will now be processed electronically, the government said today.The Directorate General of Foreign Trade (DGFT), under the Commerce Ministry, has asked its regional authorities to disburse Deemed Export Drawback claims as well as terminal excise duty online.
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Registration of contracts for export of cotton by the Directorate General of Foreign Trade – regarding

Notification No.  12(RE-2010)/2009-14, New Delhi, Dated 16th December, 2010 Subject:- Registration of contracts for export of cotton by the Directorate General of Foreign Trade – regarding S.O. (E)             In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of [...]
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Clarification regarding Foreign Exchange earnings to be counted for redemption of EPCG Authorizations issued to Service Provider

A representation has been received from Zonal Joint Director General of Foreign Trade, Mumbai Office seeking clarification regarding calculation of Foreign Exchange earned for redemption of EPCG Authorizations issued to Service Providers in terms of provisions ofCircular No. 25 dated 01.01.2008.
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CBI arrests DGFT official for accepting bribe of Rs 3000

The CBI today arrested an Assistant Director working in Directorate General of Foreign Trade (DGFT) at Ludhiana for demanding and accepting a bribe of Rs. 3000/- from the complainant for processing his files relating to Duty Entitlement Pass Book (DEPB). Directorate General of Foreign Trade deals with formulation and implementation of foreign trade policy. The [...]
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GST to be aligned with foreign trade after April 1, 2010

The new foreign trade policy, which is being prepared by the commerce ministry, will be aligned with the Goods and Services Tax (GST) only after implementation of this indirect tax mechanism. The new policy is likely to be announced by the next government at the Centre by mid-2009, while the GST is likely to be [...]
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India lifts six month ban on import of toys from China

India has partially lifted the six months ban imposed on import of toys from China earlier this year. The government, on Monday, decided  to allow import of Chinese toys which have been given quality certificates by internationally recognised laboratories and agencies. The move follows threats issued by China of complaining against India’s ban at the [...]
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