DGFT

Provision Of Status Holder – Under Foreign Trade Policy

Chapter 3 of the FTP 2015-20  contains the provision of Status Holder. Status Holders are business leaders who have excelled in international trade and have successfully contributed to country’s foreign trade. Status Holders are expected to not only contribute towards India’s exports but also provide guidance and handholding to new e...

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EPCG Scheme – Complete Analysis

EPCG Scheme is a very Beneficial Export Promotion Scheme through which Capital Goods required for Export Production is allowed Duty Free. The objective of the EPCG Scheme is to facilitate import of capital goods for producing quality goods and services and enhance India’s manufacturing competitiveness....

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Key Features Export Promotion Schemes – Under DGFT

Export promotion schemes under Foreign Trade Policy provides promotional measures to boost India’s exports with the objective to offset infrastructural inefficiencies and associated costs involved to provide exporters a level playing field. The Ministry of Commerce & Industry, Government of India is the overall in-charge of Foreign ...

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PRC/DGFT: Is contempt of Supreme Court simply a joke?

A speaking order is an order that speaks for itself & should stand the test of legality, fairness and reason at all the higher appellate forums. Effectively this means that, the order should contain all the details of the issue, clear findings and a reasoned order. However, when the system is corrupt & rotten to […]...

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Export Promotion Capital Goods (EPCG) Scheme -A Brief Study

EPCG, an export promotion scheme launched by DGFT in its Foreign Trade Policy 2015-20 promotes import of capital goods to enhance India's manufacturing competitiveness. This article is an effort to a give a brief insight into the scheme....

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Merchandise & Major Commodities Exports in August 2018 exhibited positive growth

Major commodity group of exports showing positive growth in August 2018 include Engineering Goods (21.23%), Petro Products (31.76%), Gems & Jewellery (23.95%), Organic & Inorganic Chemicals (39.9%) and Drugs & Pharma (18.21%). Fourth consecutive double-digit growth in India’s exports in 2018, reflective of our export pro...

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DGFT has to Evolve from a Regulator to Facilitator – Suresh Prabhu

A two-day meeting of port officers organized by the Directorate General of Foreign Trade (DGFT), of the Department of Commerce, ended today in New Delhi. The Union Minister of Commerce & Industry and Civil Aviation, Shri Suresh Prabhu, addressed the regional officers from different parts of the country and urged them to reorient their th...

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Govt increases MEIS Rate by 2% for labour intensive MSME sectors

While restoring the benefits under the export promotion schemes of duty free imports under Advanced Authorization, Export Promotion Capital Goods and 100% Export Oriented Units and thus resolving the problem of blocked working capital for exporters following the roll out of GST, the FTP review has focused on increasing the incentives for ...

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Highlights of Foreign Trade Policy 2015-2020- Mid Term Review (December 2017)

GST RELATED REFORMS- GST has been launched w.e.f. 1.07.2017. It incorporates zero rating of exports. Taxes will not be exported. On the export of finished goods, there is an option of either obtaining refund of GST paid or getting exemption from payment of GST on submission of Letter of Undertaking/Bond....

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Foreign Trade Procedures 2015-20 (w.e.f. 05.12.2017)

DGFT notifies Foreign Trade Procedures 2015-20 (w.e.f. 05.12.2017) which contains the following :- CHAPTER 1 INTRODUCTION & TRADE FACILITATION 1.01 Notification of Procedure In pursuance of the provisions of paragraph 1.03 of Foreign Trade Policy (FTP), the Director General of Foreign Trade (DGFT) hereby notifies the procedure to be f...

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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)....

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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 ...

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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...

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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...

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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 ...

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Errata to Public Notice No. 50/2015-2020 dated 26th November, 2018

Public Notice No. 57/ 2015-20 - (06/12/2018) - Errata to Public Notice No. 50/2015-2020 dated 26th November, 2018 notifying procedure for allocation of quota for import of (i) Calcined Pet Coke for use as Calcined Pet coke (CPC) in Aluminium Industry and (ii) Raw Pet Coke for CPC manufacturing industry....

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DGFT notifies Revised Regional Authorities and their Jurisdiction

Public Notice No. 56/2015-2020-DGFT - (05/12/2018) - Revised territorial jurisdiction of the Regional Authorities of DGFT and the jurisdiction is notified with immediate effect vide Public Notice No. 56/2015-2020-DGFT dated: 05.12.2018....

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Availability of Speed Post dispatch particulars in MEIS module

Trade Notice No. 38/2018 - (03/12/2018) - A new feature is being added, with immediate effect, so that exporters can track the MEIS speed post dispatch made by the Regional Authorities....

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DGFT amends Appendix 3B, Table 2 of MEIS

Public Notice No. 55/2015-2020-DGFT - (03/12/2018) - Certain Corrections have been made in the Appendix 3B, Table 2 as notified vide Public Notice 61 dated 07.03.2017, and modified from time to time, to be applicable with effect from 01.01.2017....

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Govt notifies Wastage Norms & Value Addition of Gold religious idols

Public Notices No. 51/(2015-2020)-DGFT - (30/11/2018) - Wastage Norms and Value Addition in respect of Gold religious idols (only gods and goddess)- both plain and studded, of 8 carats and above (upto 24 carats) are prescribed in Para 4.60 and 4.61 of the HBP....

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Recent Posts in "DGFT"

Errata to Public Notice No. 50/2015-2020 dated 26th November, 2018

Public Notice No. 57/ 2015-20 (06/12/2018)

Errata to Public Notice No. 50/2015-2020 dated 26th November, 2018 notifying procedure for allocation of quota for import of (i) Calcined Pet Coke for use as Calcined Pet coke (CPC) in Aluminium Industry and (ii) Raw Pet Coke for CPC manufacturing industry....

Read More

DGFT notifies Revised Regional Authorities and their Jurisdiction

Public Notice No. 56/2015-2020-DGFT (05/12/2018)

Revised territorial jurisdiction of the Regional Authorities of DGFT and the jurisdiction is notified with immediate effect vide Public Notice No. 56/2015-2020-DGFT dated: 05.12.2018....

Read More

Provision Of Status Holder – Under Foreign Trade Policy

Chapter 3 of the FTP 2015-20  contains the provision of Status Holder. Status Holders are business leaders who have excelled in international trade and have successfully contributed to country’s foreign trade. Status Holders are expected to not only contribute towards India’s exports but also provide guidance and handholding to new e...

Read More
Posted Under: DGFT |

EPCG Scheme – Complete Analysis

EPCG Scheme is a very Beneficial Export Promotion Scheme through which Capital Goods required for Export Production is allowed Duty Free. The objective of the EPCG Scheme is to facilitate import of capital goods for producing quality goods and services and enhance India’s manufacturing competitiveness....

Read More
Posted Under: DGFT |

Availability of Speed Post dispatch particulars in MEIS module

Trade Notice No. 38/2018 (03/12/2018)

A new feature is being added, with immediate effect, so that exporters can track the MEIS speed post dispatch made by the Regional Authorities....

Read More

DGFT amends Appendix 3B, Table 2 of MEIS

Public Notice No. 55/2015-2020-DGFT (03/12/2018)

Certain Corrections have been made in the Appendix 3B, Table 2 as notified vide Public Notice 61 dated 07.03.2017, and modified from time to time, to be applicable with effect from 01.01.2017....

Read More

Govt notifies Wastage Norms & Value Addition of Gold religious idols

Public Notices No. 51/(2015-2020)-DGFT (30/11/2018)

Wastage Norms and Value Addition in respect of Gold religious idols (only gods and goddess)- both plain and studded, of 8 carats and above (upto 24 carats) are prescribed in Para 4.60 and 4.61 of the HBP....

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Govt allows export of Gold idols (only gods and goddess) from DTA

Notification No. 44/2015-2020-DGFT (30/11/2018)

Para 4.32(i) of Chapter 4 of the Foreign Trade Policy 2015-20 is amended to allow export of Gold idols (only gods and goddess) of 8 carats and above (upto 24 carats) from domestic tariff area....

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List of Refineries/Mint granted BIS Licence as on 31st July, 2018

Public Notice No. 54/2015-2020 (30/11/2018)

DGFT inserts a new Appendix-2X in Appendices and Aayat Niryat Forms of FTP, 2015-20 listing out Refineries/Mints which have obtained BIS Licence and as available on bis.gov.in....

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Fees for Preferential Certificate & Post Verification of self-certified Certificate of Origin

Public Notices. 53/2015-2020-DGFT (30/11/2018)

Provision for fees for (i) Preferential Certificate of Origin & (ii) Post Verification of self certified Certificate of Origin under EU-GSP is laid down vide Public Notices. 53/2015-2020-DGFTDated 30th November 2018. ...

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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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