DGFT

IEC Linking on DGFT Portal by 30.06.2021

All persons holding IEC code who are involved in carrying on business activities which involves cross border transactions are advised to link IEC code before 30/06/2021. IEC code is an important business identification number which is mandatory for Exports or Imports of goods. No person shall make any import or export except under an IEC ...

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Why Import Export Code (IEC) in India?

Import Export Code! Have you ever encountered the term IEC on Television, Newspapers, and thinking about what it actually means? Is it Independent Electoral Commission, Indian Economic Conclave, or Import- Export Code? Then you are at the exact right place. Here a complete and basic guide about import export code is given. It would not [&...

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All about Merchandise Exports from India Scheme (MEIS) for exporters

REWARD SCHEMES – MERCHANDISE EXPORTS FROM INDIA SCHEME (MEIS) Article explains what is Reward Scheme, Objective of MEIS Scheme, Eligibility Criteria for MEIS Cheme, Reward under the MEIS scheme, Ineligible categories under MEIS, Entitlement under MEIS for Export of goods through courier or foreign post offices and Note to MEIS Scheme. V...

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DGFT & TCS—Awardees for worst implementation of software in the world?

The DGFT is a facilitator & TCS the chosen implementer for the DGFT platform. TCS is a multi-billion-dollar company operating worldwide but it appears that while working with the Indian bureaucracy the best hit the bottom & bite the dust & this seems to be the case. Granting status recognition should not require any applicatio...

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Expectations from New Foreign Trade Policy 2021-26

Whole of the Trade & Industry is looking forward towards New Foreign Trade Policy 2021-26 on the background of the dream of Hon Prime Minister to make Indian Economy $ 5 Trillion by 2025 and appeal to the citizens be “Vocal for Local” and “Be Local and Go Global”. Ministry of Commerce is now with […]...

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DGFT’s COVID-19 Helpdesk to resolve International Trade related Issues

Industry can approach the Covid 19 Helpdesk for support and register their issues on the DGFT website (https://dgft.gov.in) or email at [email protected] Department of Commerce is committed to take up all such matters received on priority with other Ministries/Departments and State Governments/UTs....

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Cabinet approves Production Linked Incentive Scheme for Food Processing Industry

Cabinet approved the Central Sector Scheme - 'Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) to support creation of global food manufacturing champions commensurate with India's natural resource endowment and support Indian brands of food products in the international markets with an outlay of Rs. 10900 crore....

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Key Steps taken by Government to boost exports

Ministry of Commerce & Industry Exports from the Manufacturing Sector Posted On: 19 MAR 2021 Major commodity-group wise data on merchandise exports in last five years is at Annexure. The Government has taken the following key steps to boost exports: 1. The mid-term review of the current Foreign Trade Policy (2015-20) was carried out ...

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Export Promotion Schemes- RoDTEP, TIES, Duty Drawback, GST Refund

Export Promotion The Government of India has launched the Trade Infrastructure for Export Scheme (TIES) scheme w.e.f FY 2017 -18 to assist Central and State Government agencies for creation of appropriate infrastructure for growth of exports from the States. The Scheme provides financial assistance in the form of grant-in-aid to Central/S...

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Production Linked Incentive Scheme

Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing Capabilities and Exports, an outlay of INR 1.97 lakh crore has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors for a period of 5 years starting from fiscal year (FY) 2021- 22....

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Paper Import: HC explains what Constitutes a stock lot

Jayasakthi Papers Vs Commissioner of Customs (Madras High Court) - Jayasakthi Papers Vs Commissioner of Customs (Madras High Court) The only question that arises for my consideration is whether the goods imported by the petitioner can be termed as a stock lot. This expression in normal parlance refers to those goods whose transaction value is less than the market v...

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Plea seeking to quash notification prescribing MIP dismissed by HC

Pam Agro Industries Vs Union of India (Gujarat High Court) - Pam Agro Industries Vs Union of India (Gujarat High Court) It is not in dispute that the petitioners imported cashew kernel (broken) from Vietnamese suppliers for a price ranging from Rs. 151/- to Rs. 180 /- per kg in Indian currency which is the transaction value ordinarily required to be consider...

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Drawback at All industry rate of value of exported goods was allowable

Messrs Mahalaxmi Rubtech Ltd. Vs Union of India (Gujarat High Court) - Messrs Mahalaxmi Rubtech Ltd. Vs Union of India (Gujarat High Court) Conclusion: Since in the present case, the amendment of shipping bills by converting them into Drawback shipping bills was possible on the basis of the documentary evidence which was in existence at the time the goods were cleared ...

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Circulars amending FTP 2015-20 provisions ultra vires FTP 2015-20

Atlantic Shipping Private Limited. Vs Union of India (Bombay High Court) - Atlantic Shipping Private Limited. Vs Union of India (Bombay High Court) High Court Held that DGFT Policy Circular Nos. 06/2018 dated 22.05.2018 and 08/2018 dated 21.06.2018 in so far as they seek to add and amend the provisions of the FTP 2015-20 by inserting additional conditions to curtail the ri...

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MEIS benefit cannot be denied for inadvertent mistake in Application

Portescap India Private Ltd. Vs Union of India (Bombay High Court) - The objective of the MEIS scheme is to provide rewards to exporters to offest infrastructural inefficiencies and associated costs. In other words, the objective of Merchandise Exports from India Scheme (MEIS) is to promote manufacture and export of notified goods / products to notified markets and o...

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Extension of validity of RCMC beyond 31st March, 2021

Trade Notice No. 04/2021-2022-DGFT - (10/05/2021) - It has been decided that Regional Authorities (RAs) of DGFT will not insist on valid RCMC (in cases where the same has expired on or before 31st March, 2021) from the applicants for any incentive/authorizations till 30 September, 2021....

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DGFT amends import policy of Integrated Circuits

Notification No. 05/2015-2020 [S.O. 1840(E)] - (10/05/2021) - Amendment in import policy of Integrated Circuits (lCs) and incorporation of policy condition for HS Codes 85423100, 85423900, 85423200, 85429000, and 85423300, of Chapter 85 of ITC (HS), 2017, Schedule – I (Import Policy). Import policy of item listed above shall be subject to Chip Imports Mo...

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New module for online filing of applications for export authorizations

Trade Notice No 03/2021-22-DGFT - (10/05/2021) - Applications for issuance as well as for amendment/re-validation of export authorization will need to be submitted online as per the above link and export authorizations for restricted items(Non-SCOMET) will continue to be issued from DGFT HQ, Udyog Bhawan, New Delhi through new module with effect f...

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Last date for import of 1.5 Lakh MT of Urad extended till 15.05.2021

Notification No. S.O. 1796(E) - (07/05/2021) - Ministry Of Commerce And Industry notifies that The last date for import of 1.5 Lakh MT of Urad, is extended from 30th April, 2021 to 15th May, 2021. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 7th May, 2021 S.O. 1796(E).—In exercise of powers conferred b...

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Public Notice No. 4/2015-2020-DGFT, Dated: 04.05.2021

Public Notice No. 4/2015-2020-DGFT - (04/05/2021) - Inclusion of agency in Appendix 2G of Appendices and Aayat Niryat Forms of Foreign Trade Policy, 2015-20 in terms of Para 2.55 (d) of HBP 2015-20. Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice No. 4/2015-2020-DGFT Dated the 4 May...

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Recent Posts in "DGFT"

Extension of validity of RCMC beyond 31st March, 2021

Trade Notice No. 04/2021-2022-DGFT 10/05/2021

It has been decided that Regional Authorities (RAs) of DGFT will not insist on valid RCMC (in cases where the same has expired on or before 31st March, 2021) from the applicants for any incentive/authorizations till 30 September, 2021....

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DGFT amends import policy of Integrated Circuits

Notification No. 05/2015-2020 [S.O. 1840(E)] 10/05/2021

Amendment in import policy of Integrated Circuits (lCs) and incorporation of policy condition for HS Codes 85423100, 85423900, 85423200, 85429000, and 85423300, of Chapter 85 of ITC (HS), 2017, Schedule – I (Import Policy). Import policy of item listed above shall be subject to Chip Imports Monitoring System (CHIMS) with effect from...

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DGFT’s COVID-19 Helpdesk to resolve International Trade related Issues

Industry can approach the Covid 19 Helpdesk for support and register their issues on the DGFT website (https://dgft.gov.in) or email at [email protected] Department of Commerce is committed to take up all such matters received on priority with other Ministries/Departments and State Governments/UTs....

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Posted Under: DGFT |

New module for online filing of applications for export authorizations

Trade Notice No 03/2021-22-DGFT 10/05/2021

Applications for issuance as well as for amendment/re-validation of export authorization will need to be submitted online as per the above link and export authorizations for restricted items(Non-SCOMET) will continue to be issued from DGFT HQ, Udyog Bhawan, New Delhi through new module with effect from 17.05.2021....

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Last date for import of 1.5 Lakh MT of Urad extended till 15.05.2021

Notification No. S.O. 1796(E) 07/05/2021

Ministry Of Commerce And Industry notifies that The last date for import of 1.5 Lakh MT of Urad, is extended from 30th April, 2021 to 15th May, 2021. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 7th May, 2021 S.O. 1796(E).—In exercise of powers conferred by section 3 read with section […]...

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Public Notice No. 4/2015-2020-DGFT, Dated: 04.05.2021

Public Notice No. 4/2015-2020-DGFT 04/05/2021

Inclusion of agency in Appendix 2G of Appendices and Aayat Niryat Forms of Foreign Trade Policy, 2015-20 in terms of Para 2.55 (d) of HBP 2015-20. Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice No. 4/2015-2020-DGFT Dated the 4 May, 2021 F. No. 01/53/8/AM20/PSIA-2/IC.—...

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Duty exemption on import of oxygen concentrators for personal use

Notification No. 04/2015-2020-DGFT [S.O. 1723(E).] 30/04/2021

Para 2.25 of Foreign Trade Policy, 2015-20 is revised to include import of oxygen concentrators for personal use through post, courier or e-commerce portals in the list of exempted categories, where Customs clearance is sought as gifts, till 31 July 2021....

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DGFT increases fees fee per certificate from Rs.100 to Rs. 200

Public Notice No. 3/2015-2020 30/04/2021

The fee per certificate enhanced from Rs.100/- to Rs.200/- by amending Para 2.108 (c) (iv) of Handbook of Procedure, 2015-20. Amendment is notified by Public Notice No. 3/2015-2020 Dated the 30th April, 2021. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, N...

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Indian Red Cross Society imports of relief materials related to COVID-19 pandemic

Standing Order No. 09/2021-JNCH 28/04/2021

All permissions / licenses / authorizations required from other Government Departments / Agencies prior to the clearance of goods, if any, are deemed to have been given in respect of such imports in terms of this Instruction. In other words, these cases would not need to be referred to those agencies or the requirement may be suitably wai...

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Contactless Customs Processing during COVID-19 pandemic

Public Notice No.37/2021- JNCH 27/04/2021

it is decided that the requests relating to various items of work shall be received only through online by way of email to the concerned Deputy Commissioner / Assistant Commissioner along with a copy to the Additional Commissioner / Joint Commissioner, who will be the Nodal Officer....

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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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