DGFT

How to gain competitive edge in international markets & trade fairs?

Trade fairs are a great way to unlock huge potential to generate new business and expand business to new/emerging markets. Participating at a trade fair where you would be meeting exhibitors from many countries, is in itself a huge opportunity. Let’s prepare thoroughly and make the most of this opportunity! We can help you prepare [&hel...

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All Industry Rate available to Deemed Export Supplies

DGFT has recently made amendments in chapter 7 of FTP 2015-2020, wherein they have allowed industry to take benefit at All Industry Rate of Duty Drawback schedule notified by department of revenue in case of deemed export supply....

Read More

Guidelines to importers of Tobacco and Tobacco Substitutes

How to import Tobacco and Tobacco Substitutes A basic idea about formalities and procedures to import Tobacco and Tobacco Substitutes from overseas countries are explained in this category ‘Import procedures’. These details are given to enlighten importers, a general tips to import goods from overseas countries applicable to almost al...

Read More

Import Procedure

1. The initial step engaged in importing a product is to accumulate information about the nations and firms which send out the item required by the exporter. It can be accumulated from trade directories, trade organizations, and associations. The exporter readies a quotation otherwise called Performa Invoice and sends it to the importer. ...

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Drawback on deemed supplies under FTP

In the present policy, the physical exports wherein goods move out of India are eligible for drawback and MEIS benefits. The deemed exports such as removal of goods to advance license holders / EOUs are eligible for duty drawback, refund of terminal excise duty for specified excisable goods and for advance license on annual basis....

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Upload all Adjudication/Appellate Orders on website of respective Zones: DGFT to RA’s:

DGFT Authorities have instructed all RA’s to upload all the Adjudication/Appellate Orders passed by them on the website of the respective Zones. Instances have come to the notice of DGFT where such Orders are not being regularly uploaded by the concerned Zonal offices. A need has been felt to have a system to have all such […]...

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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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No fundamental right to import and quantitative restrictions can be imposed

Chailbihari Trading Pvt Ltd. Vs Union of India (Bombay High Court) - Chailbihari Trading Pvt Ltd. Vs Union of India (Bombay High Court) The Bombay High Court has held that there is no fundamental right to import poppy seeds and quantitative restrictions can be imposed as per the National Policy on Narcotic Drugs and Psychotropic Substances, controlled by the Narcotic...

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Proof of exports for fulfilment of EO – Absence of Bill of Export not fatal

Forbes Marshall Pvt. Ltd. Vs Union of India (Bombay High Court) - Bombay High Court has directed the DGFT to issue export obligation discharge certificate in a case where the Additional DGFT was satisfied that the petitioner had fulfilled the export obligation but denied the benefit of fulfilment of export obligation only on the ground of non- furnishing of bill o...

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Clubbing of Advance authorisations when not possible: HC explains

Jindal Poly Film Ltd Vs Designated Authority & Anr. (Delhi High Court) - Jindal Poly Film Ltd Vs Designated Authority & Anr. (Delhi High Court) In a case involving clubbing of Advance Authorisations issued in 2004 and 2010, Delhi High Court has held that clubbing can be provided only if export obligation period of authorization issued at a prior point of time allowed...

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Conditions rendering Advance Authorisation Scheme Nugatory are Unsustainable

Messrs Maxim Tube Company Pvt Ltd. Vs Union of India (Gujarat High Court) - Messrs Maxim Tube Company Pvt Ltd. Vs Union of India (Gujarat High Court) CONCLUSION – Condition that renders the very scheme of advance authorization nugatory, does not have any nexus to the objective of the advance authorization i.e. to boost export, is unsustainable in law. FACTS – Para 4.14 ...

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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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Corrigendum to DGFT Notification No. 31/2015-2020 dated 13th November 2019

Notification No. 34/2015-2020-DGFT - (06/12/2019) - Central Government hereby notifies that the Notification No.31/2015-2020 dated 13th November, 2019 and published in the Gazette of India , Extraordinary vide number S.O. 4097(E) dated 13th November, 2019 shall be effective from the date on which Section 88 (b) of the Finance (No. 2) Act, 2019 (23 of...

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Inclusion of Agencies in Appendix 2G as Pre-Shipment Inspection Agencies

Public Notices No. 46/2015-60-DGFT - (04/12/2019) - Additional Agencies arc notified as PSIAs, validity of existing PSIAs has been extended, additional area of operation and instruments have been added Rif the existing PSIA...

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Clear import consignments of Onion Speedily: Govt

Trade Notice No. 40/2019-20-DGFT - (24/12/2019) - Government is exploring all possible measures to improve the availability of Onion in domestic market. Government has already put a ban on export of Onion. Speedy import is also necessary to boost domestic supply....

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DGFT amends Import policy for Toys /Dolls

Notification No. 33/2015-2020-DGFT [S.O. 4338(E)] - (02/12/2019) - Import policy for Toys/Dolls etc: Import policy for Toys /Dolls and similar other recreational goods under any chapter will be governed by BIS standards as specified in Policy Conditions 2 of Chapter 95....

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STP to submit new Service Exports Reporting Form (SERF) on Monthly Basis

Public Notices No. 45/2015.2020-DGFT - (26/11/2019) - STP will have to submit Service Exports Reporting Form (SERF) as in Annexure VI for capturing services exports data for the specified services as in Annexure V....

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Recent Posts in "DGFT"

Corrigendum to DGFT Notification No. 31/2015-2020 dated 13th November 2019

Notification No. 34/2015-2020-DGFT (06/12/2019)

Central Government hereby notifies that the Notification No.31/2015-2020 dated 13th November, 2019 and published in the Gazette of India , Extraordinary vide number S.O. 4097(E) dated 13th November, 2019 shall be effective from the date on which Section 88 (b) of the Finance (No. 2) Act, 2019 (23 of 2019) is notified by the Department of ...

Read More

How to gain competitive edge in international markets & trade fairs?

Trade fairs are a great way to unlock huge potential to generate new business and expand business to new/emerging markets. Participating at a trade fair where you would be meeting exhibitors from many countries, is in itself a huge opportunity. Let’s prepare thoroughly and make the most of this opportunity! We can help you prepare [&hel...

Read More
Posted Under: DGFT |

All Industry Rate available to Deemed Export Supplies

DGFT has recently made amendments in chapter 7 of FTP 2015-2020, wherein they have allowed industry to take benefit at All Industry Rate of Duty Drawback schedule notified by department of revenue in case of deemed export supply....

Read More
Posted Under: DGFT |

Inclusion of Agencies in Appendix 2G as Pre-Shipment Inspection Agencies

Public Notices No. 46/2015-60-DGFT (04/12/2019)

Additional Agencies arc notified as PSIAs, validity of existing PSIAs has been extended, additional area of operation and instruments have been added Rif the existing PSIA...

Read More

Clear import consignments of Onion Speedily: Govt

Trade Notice No. 40/2019-20-DGFT (24/12/2019)

Government is exploring all possible measures to improve the availability of Onion in domestic market. Government has already put a ban on export of Onion. Speedy import is also necessary to boost domestic supply....

Read More

DGFT amends Import policy for Toys /Dolls

Notification No. 33/2015-2020-DGFT [S.O. 4338(E)] (02/12/2019)

Import policy for Toys/Dolls etc: Import policy for Toys /Dolls and similar other recreational goods under any chapter will be governed by BIS standards as specified in Policy Conditions 2 of Chapter 95....

Read More

STP to submit new Service Exports Reporting Form (SERF) on Monthly Basis

Public Notices No. 45/2015.2020-DGFT (26/11/2019)

STP will have to submit Service Exports Reporting Form (SERF) as in Annexure VI for capturing services exports data for the specified services as in Annexure V....

Read More

Guidelines to importers of Tobacco and Tobacco Substitutes

How to import Tobacco and Tobacco Substitutes A basic idea about formalities and procedures to import Tobacco and Tobacco Substitutes from overseas countries are explained in this category ‘Import procedures’. These details are given to enlighten importers, a general tips to import goods from overseas countries applicable to almost al...

Read More
Posted Under: DGFT |

Import Procedure

1. The initial step engaged in importing a product is to accumulate information about the nations and firms which send out the item required by the exporter. It can be accumulated from trade directories, trade organizations, and associations. The exporter readies a quotation otherwise called Performa Invoice and sends it to the importer. ...

Read More
Posted Under: DGFT |

Drawback on deemed supplies under FTP

In the present policy, the physical exports wherein goods move out of India are eligible for drawback and MEIS benefits. The deemed exports such as removal of goods to advance license holders / EOUs are eligible for duty drawback, refund of terminal excise duty for specified excisable goods and for advance license on annual basis....

Read More
Posted Under: DGFT |

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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