According to DGFT Notification No. 11/2015-20, issued May 25, 2022, imports of goods covered by Chapter 48 (totalling 201 tariff lines) of Schedule-I (Import Policy) of ITC (HS), 2022, are permitted but subject to mandatory registration under the Paper Import Monitoring System (PIMS). For the import of commodities covered by Annexure-A, t...
Read MoreAs per the mandate of the Parliament, the DGFT is the facilitator & therefore the name change to Director General of Foreign Trade took place as early as 1993 but it appears that till date what is facilitation is not understood in the right perspective. To my mind name change has made no difference because […]...
Read MoreIt is mandatory for all importers and exporters in India to have an IEC number. This number can be obtained from the DGFT by submitting the required documents, such as the PAN card, GST No., and other documents. The IEC is valid for one year and needs to be renewed every year....
Read More1. The Central Government has made some amendments under Foreign Trade Policy, 2015-2020, under Chapter 1 and Chapter 2 of FTP, 2015-2020, through the Notification dated 12th February, 2021. 2. Following are the amendment under FTP, 2015-2020:- FTP Para no. Pre- Amendment Post Amendment 1.11 Issue of e-IEC (Electronic –Importer Exporter...
Read MoreSupply of goods or services or both between related persons or between distinct persons as specified in section 25, when made in the course or furtherance of business is to be treated as a supply even if made without consideration in terms of Para 2 of Schedule I. In terms of Section 25(4) “A person who […]...
Read MoreMinistry of Commerce & Industry Year End Review 2022 for Department of Commerce, Ministry of Commerce and Industry India’s merchandise registers a positive growth of 12.6% from April-October, 2021-22 to April-October, 2022-23 India’s Services export registers a positive growth of 31.43% from April-October, 2021-22 to April-October...
Read MoreGovernment has taken several steps to reduce import reliance so as to curb the trade deficit. These include creating/enhancing of domestic capacity, incentivizing domestic manufacturing through Production Linked Incentive (PLI) schemes, phased manufacturing plans, timely use of trade remedy options, adoption of mandatory technical standar...
Read MoreCommerce Ministry finally allowed RODTEP benefit to Chemical, Pharma and Steel Sector for the Exports transactions undertaken between 15 December 2022 to 30 September 2023 which was a long pending demand from the industry. The benefit is being expanded to these industry to boost exports will cost around 1000 Crore to the industry. The Sch...
Read MoreCentre allows International Trade Settlements in Indian Rupees for Export Promotion Schemes under the Foreign Trade Policy Decision to facilitate and ease international trade transactions in Indian Rupees The Government of India has made suitable amendments in the Foreign Trade Policy and Handbook of Procedures to allow for Internationa...
Read MoreValidity of the existing Hand Book of Procedures, 2015-20 is extended upto 31st March, 2023 vide Public Notice No. 26/2015-2020 |Dated: 29th September, 2022. The government has received requests from Export Promotion Councils and leading exporters that we should continue with current Foreign Trade Policy (2015-20), which had been extende...
Read MoreAs per the mandate of the Parliament, the DGFT is the facilitator & therefore the name change to Director General of Foreign Trade took place as early as 1993 but it appears that till date what is facilitation is not understood in the right perspective. To my mind name change has made no differe...
Read MoreHindalco Industries Limited Vs Union of India & Ors (Delhi High Court) - Petitioner’s intended to take benefit of MEIS scheme. Thus, error of not marking ‘Y’ against reward column is clearly an inadvertent error....
Read MorePolyhose India Private Limited Vs Additional Director General of Foreign Trade (Madras High Court) - Madras High Court held that DGFT has powers to only clarify the doubts raised as to the interpretation of Policy and doesnt have powers to amend the FTP policy. Accordingly, 100% EOU eligible for benefits of availing SHIS....
Read MoreChowgule & Company Limited Vs Assistant Director General of Foreign Trade (Supreme Court of India) - Honble Supreme Court held that the doctrine of promissory estoppel shall not be applicable to a policy decision with respect to incentive, when it is well within the right of DGFT/appropriate authority/Union to come out with a new Exim Policy....
Read MoreSyndicate Innovations International Limited Vs Office of The Commissioner of Customs Through Joint Secretary & Ors (Delhi High Court) - Delhi High Court held that import of firearms is not prohibited the Arms Act and also there is no restriction that import is permissible only if the parts cannot be manufactured locally. Accordingly, it was directed to release the goods so imported....
Read MorePublic Notice No. 55/2015-2020-DGFT [F. No. 01/93/180/01/AM-16/PC-2(B)/E-2587] - (02/02/2023) - Nutraceutical products have been included in the jurisdiction of the Shellac & Forest Products Export Promotion Council (SHEFEXIL) in Appendix 2T of FTP 20152020. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan ...
Read MorePublic Notice No. 54/2015-2020-DGFT [F. No. 01/94/180/157/AM22/PC-4] - (31/01/2023) - Conditions of SION E-136 and para 4.05(iii) of Handbook of Procedures, 2015-20 is amended to include supporting manufacturers for job work vide Public Notice No. 54/2015-2020-DGFT dated 31st January, 2023. Government of India Ministry of Commerce and Industry Department of Commerce Directorate Gener...
Read MoreNotification No. 54/2015-2020 [S.O. 383(E).] - (24/01/2023) - Fertilizer Marketing Entities (FMEs), authorized by the Department of Fertilizers, have been allowed to file Bill of Entries at Indian ports for import of Urea (for agriculture purpose) on Government Account....
Read MorePolicy Circular No. 45/2015-20-DGFT - (23/01/2023) - In Paper, there are no small volume/high value goods on which Air-Cargo is justified. Therefore, registration under PIMS shall be mandatory regardless to mode of transportation....
Read MorePublic Notice No. 53/2015-2020-DGFT [F. No. 01/36/218/52/AM-22/EPCG-Part 1] - (20/01/2023) - One-time relaxation from maintaining Average Export Obligation and option to avail extension in Export Obligation Period for specified EPCG authorizations is provided on account of COVID-19 pandemic, subject to fulfillment of conditions. This is in addition to EO extensions facility (upon payment of...
Read MorePublic Notice No. 55/2015-2020-DGFT [F. No. 01/93/180/01/AM-16/PC-2(B)/E-2587] - 02/02/2023
Public Notice No. 54/2015-2020-DGFT [F. No. 01/94/180/157/AM22/PC-4] - 31/01/2023
Notification No. 54/2015-2020 [S.O. 383(E).] - 24/01/2023
Policy Circular No. 45/2015-20-DGFT - 23/01/2023
Public Notice No. 53/2015-2020-DGFT [F. No. 01/36/218/52/AM-22/EPCG-Part 1] - 20/01/2023