DGFT

Import-Export Code: An Initial Step for every –Importer & Exporter in India

Every Person who is going to start a business of Import or Export in India is required to get his PAN based Import-Export Code (IEC) from Director General of Foreign Trade (DGFT), whether a person is willing to export his goods and services outside India or he is willing to import his goods or service from outside India....

Read More

DGFT: Can manipulation be termed as Export Promotion

DGFT exists as on date & the DGFT is the policymaker & Customs simply an implementer. However, under the new GST regime, there seems that the authority of the DGFT is totally undermined as if that authority does not exist anymore. However, it appears that the DGFT in itself has brought upon them this situation....

Read More

Revised ITC(HS) code 2017 for all export import related transactions

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (as amended from time to time) read with paragraph 2.01 of the Foreign Trade Policy, 2015-2020, the Central Government hereby notifies Indian Trade Classification (Harmonised System) of Import Items, 2017...

Read More

How to obtain Importer Exporter Code (IEC) Number

An application for grant of IEC number shall be made by Registered/Head Office of applicant and apply to nearest Regional Authority of DGFT...

Read More

Brief Analysis of Service Exports from India Scheme (SEIS)

It not only replaces Served from India scheme (SFIS) available under the Foreign Trade Policy 20109-2014, but it rationalize the incentives under the erstwhile schemes, removes various kind of restrictions of use of scrip issued under the Scheme and significantly enlarges the scope of the earlier scheme. Unlike earlier Scheme, this scheme...

Read More

Govt to implement SC Judgment on Target Plus Scheme under FTP 2004-09

It held that the Notification No. 48/2005 dated February 20, 2006 (certain products were made ineligible) and Notification No. 8/2006 dated June 12, 2006 (rates were reduced to 5% from the earlier 5, 10 and 15%) related to the Target Plus Scheme (TPS) could not be applied retrospectively and they would be effective only from the date of t...

Read More

Measures taken by govt to diversify & boost exports from India

The Government has taken various measures to diversify and boost exports from India, which includes; (i) Merchandise Exports from India Scheme (MEIS) was included under Foreign Trade Policy (FTP) 2015-20 w.e.f. April 1, 2015...

Read More

Salient features of Merchandise Export from India Scheme (MEIS)

The Government of India has introduced Merchandise Exports from India Scheme (MEIS) through the Foreign Trade Policy (FTP) 2015-20 w.e.f. April 1, 2015. It seeks to promote export of notified goods manufactured/ produced in India....

Read More

Ease of Doing Business initiatives implemented by DGFT

DGFT briefly summarized the major initiatives relating to policy simplification, reducing cost of capital through interest subvention, document reduction, IT initiatives like online filing of applications, creation of trade portal and training and outreach activities....

Read More

DGFT Launches online payment facility for application fees through Credit/ Debit Cards

Visa / Master Card Credit card transaction: 1.45% of payment amount per transaction. Visa / Master Card/Rupay Debit Card transactions: For transactions upto Rs.2000/- : 0.75% of payment amount per transaction. For transactions above Rs.2000/- : 1.00% of payment amount per transaction....

Read More

Indian subsidiaries of foreign companies can claim SFIS benefit

Yum Restaurants (I) Pvt. Ltd Vs Union of India (Delhi High Court) - Recently, in case of YUM RESTAURANTS (I) PVT.LTD AND Anr. v. Union of India & Ors, Hon'ble Delhi High Court pronounced that there is no provision in the Foreign Trade Policy which debars an Indian subsidiary of a foreign holding company from availing the benefit of Serve From India Scheme(SFIS)....

Read More

As per Import and Export Policy for the period 2009-2014 mport of second hand goods except capital goods is restricted and special import license is required

Eastron Enterprises Inc. Vs Commissioner of Customs (Delhi High Court) - Eastron Overseas Inc., Mataji Enterprises & M/s. Celestial Enterprises by bill of entries dated 12.12.2011, 14.12.2011 and 7.12.2011 had asked the Commissioner of Customs at ICD, Tughlakabad, New Delhi to permit and allow import into India of the Data Graphic Display Tubes, which have been imported ...

Read More

DEPB – Whether aluminium grills can be termed as Extruded aluminium products, and if so, Whether assessee can take benefit of Item 7 of Code 61 – No, rules SC

Commissioner of Customs Vs. M/s. Caryaire Equipment India Pvt. Ltd. (Supreme Court of India) - The core issue that falls for our consideration and decision in this appeal is: whether aluminium grills can be termed as Extruded aluminium products? If the answer is in positive, the assessee would be covered by Item Serial No.7 of the Product Code 61 of the Duty Entitlement Passbook Scheme (for s...

Read More

Licensing authorities have the power to amend the licence with retrospective effect- Bombay HC

M/s. Bhilwara Spinners Ltd. V/s. Union of India, Customs and Anr. (Bombay High Court) - The Bombay HC last week quashed the decision of the Customs, Excise, Service Tax Appellate Tribunal which held the Director General of Foreign Trade (DGFT), the licensing authority under the Foreign Trade (Development & Regulation) Act, did not have the powers to amend licences with retrospective ef...

Read More

Bombay HC quashed DGFT policy circular which was contrary to the provisions of Foreign Trade (Development and Regulation) Act

Eurotex Industries & Exports vs Union Of India (Bombay High Court) - The Bombay high court last week quashed the office memorandum / press release dated November 11 and policy circular dated December 22 last year as they were not issued under the provisions of the Foreign Trade (Development and Regulation) Act, and, therefore, the restrictions contained in them were ...

Read More

Report feeding by the docks officer at the time of granting LEO of shipping bill in case of claiming drawback by exporter in the GST scenario- reg

Standing Order No. 27/2017-JNCH - (17/08/2017) - It has been provided that the exporter is eligible to claim the higher rate of drawback on the basis of self declaration to be provided by exporter in terms of revised Note and Condition 12A of aforesaid Notification. The format of said self-declaration was provided as per given below format:-...

Read More

Clarification on issues related to furnishing of Bond/Letter of Undertaking for Exports

Public Notice No. 105/2017-JNCH - (14/08/2017) - i. An exporter had a turnover of Rs. 15 crore in the previous financial year. He would be eligible for LUT facility if remittance received against this export is Rs. 1.5 crore or more (10% of export turnover is more than Rs. 1 crore)...

Read More

Govt relaxes export policy of gold jewellery (plain or studded)

Notification No. 21/2015-2020 - (14/08/2017) - Para 4.32(i) and Para 6.01(a) of Foreign Trade Policy 2015-20 are amended to allow export of gold jewellery (plain or studded) and articles containing gold of 8 Carats and above up to a maximum lint of 22 Carat only from domestic tariff area and EOU/EHTP/STP/BTP Units....

Read More

No restriction on export of eggs & pulses to Maldives during 2017-18

Notification No. 20/2015-2020 - (14/08/2017) - Export of eggs and pulses (dhal) has been permitted to the Republic of Maldives under bilateral trade agreement between Government of India and Government of Maldives during the period 2017-18 w.e.f. April, 2017 as per the quantities indicated in the Table at Para 1 above...

Read More

DGFT issues Trade Notice clarifying conditions on import of Toor Dal

Trade Notice No. 13/(2015-2020) - (11/08/2017) - As per the import data base, 2 lakh MT of Pigeon Peas/Toor Dal has already been imported during the current fiscal year. Therefore, the requirement of issuing detailed procedure for import of Toor Dal no longer exists and no authorization in terms para 2.08 of the Foreign Trade Policy (2015-2020) wi...

Read More

Browse All Categories

CA, CS, CMA (3,454)
Company Law (3,348)
Custom Duty (6,582)
DGFT (3,419)
Excise Duty (4,040)
Fema / RBI (3,237)
Finance (3,416)
Income Tax (24,916)
SEBI (2,722)
Service Tax (3,278)

Recent Posts in "DGFT"

Report feeding by the docks officer at the time of granting LEO of shipping bill in case of claiming drawback by exporter in the GST scenario- reg

Standing Order No. 27/2017-JNCH (17/08/2017)

It has been provided that the exporter is eligible to claim the higher rate of drawback on the basis of self declaration to be provided by exporter in terms of revised Note and Condition 12A of aforesaid Notification. The format of said self-declaration was provided as per given below format:-...

Read More

Clarification on issues related to furnishing of Bond/Letter of Undertaking for Exports

Public Notice No. 105/2017-JNCH (14/08/2017)

i. An exporter had a turnover of Rs. 15 crore in the previous financial year. He would be eligible for LUT facility if remittance received against this export is Rs. 1.5 crore or more (10% of export turnover is more than Rs. 1 crore)...

Read More

Govt relaxes export policy of gold jewellery (plain or studded)

Notification No. 21/2015-2020 (14/08/2017)

Para 4.32(i) and Para 6.01(a) of Foreign Trade Policy 2015-20 are amended to allow export of gold jewellery (plain or studded) and articles containing gold of 8 Carats and above up to a maximum lint of 22 Carat only from domestic tariff area and EOU/EHTP/STP/BTP Units....

Read More

No restriction on export of eggs & pulses to Maldives during 2017-18

Notification No. 20/2015-2020 (14/08/2017)

Export of eggs and pulses (dhal) has been permitted to the Republic of Maldives under bilateral trade agreement between Government of India and Government of Maldives during the period 2017-18 w.e.f. April, 2017 as per the quantities indicated in the Table at Para 1 above...

Read More

DGFT issues Trade Notice clarifying conditions on import of Toor Dal

Trade Notice No. 13/(2015-2020) (11/08/2017)

As per the import data base, 2 lakh MT of Pigeon Peas/Toor Dal has already been imported during the current fiscal year. Therefore, the requirement of issuing detailed procedure for import of Toor Dal no longer exists and no authorization in terms para 2.08 of the Foreign Trade Policy (2015-2020) will be issued....

Read More

Amendment in import policy of Pigeon Peas (Cajanus Cajan)/Toor Dal

Notification No. 19/2015-2020 (05/08/2017)

Import policy of Pigeon Peas (Cajanus cajan)/Toor Dal under EXIM Codes: 0713 60 00, 0713 90 10 and 0713 90 90 is revised from 'free' to 'restricted'....

Read More

DGFT notifies change in name of Indian Merchants’ Chamber

Public Notice No. 16/2015-2020 (04/08/2017)

The change in name of Indian Merchants' Chamber to IMC Chamber of Commerce and Industry and new address of Trade Promotion Council of India are notified, under Appendix 2E of FTP, 2015-2020....

Read More

Implementation of GST in Customs-Changes in S/B Declaration-reg

Public Notice No- 100/2017-JNCH (02/08/2017)

In respect of the cases where export goods had been cleared from factory, warehouse, etc. prior to 1.7.2017 but let export order has not been issued before 1.7.2017. Such goods are not supplies under GST and accordingly, said Note and Condition 12A is not applicable....

Read More

Procedure for drawing of samples of Zink Ash/ Skimming in powder & lump form (metallic portion) classifiable under tariff heading 2620-reg

Standing Order No. 95/2017-JNCH (01/08/2017)

Recently, instances have been noticed wherein samples of Zinc ash/ skimming received by DYCC Lab, JNCH, Nhava Sheva are often in powder form without containing any material in lump form which results in showing lower metallic Zinc content and other restrictive pollutants such as Lead, Cadmium etc. when analyzed by the DYCC....

Read More

Proforma for issue of Certificate of Origin for Export of Muli-bamboo & bamboo products:

Public Notice No. 15/2015-2020 (02/08/2017)

Proforma for obtaining Certificate of Origin (COO) for export of (i) Muli bamboo(Melconna baccifera); and (ii) Bamboo products made from bamboo obtained from legal source (except bamboo charcoal, bamboo pulp and unprocessed bamboo shoots) has been notified....

Read More
Page 1 of 34212345...102030...Last »

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.