DGFT

Export from Indian Scheme

Export from Indian Scheme There shall be following two schemes for Export respectively: 1. For Export of Merchandise – Merchandise Exports from India Scheme (MEIS). 2. For Export of Services – Service Exports from India Scheme (SEIS). Nature of Reward Duty Credit Scrips shall be granted as reward Scrips can be freely transferable Scri...

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FTP – Relaxations w.r.t. MEIS & SEIS

The Directorate General of Foreign Trade, vide Public Notice No. 08/2015-20 dated 1st June, 2020, provided the following relaxations to the exporters: Increased validity of Duty Credit Scrips Original Validity: Duty Credit Scrips issued under Chapter 3 of the FTP 2015-20 are valid for 24 months from the date of issuance. Extended Validity...

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Incentive for export of agriculture products – An overview

In order to boost the economy and promote exports from India, there has been various schemes notified under Foreign Trade Policy (2015-20) giving the incentive to the exporters to make the Indian products price competitive in the international markets. Further it is also clear that the taxes should not be exported as per the internationa...

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New way for getting Online IEC Application (New/Modification)

Earlier, we have to file physical application and documents for getting IEC. Lot of times consumed by physical mode and also it was cumbersome procedure. But, today is the era of Digitisation. Now, all the information’s and facilities are available online in easy way. It saves both the time and money and increases the chances […]...

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Export/Deemed export incentives not availed by Exporters due to ignorance

Supplies of goods to the industrial units or projects specified under paragraph 7.2 of the Foreign Trade Policy, 2015-2020 (FTP) within India tantamount to ‘Deemed Exports’ supplies....

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India’s Foreign Trade: April 2020

India’s overall exports (Merchandise and Services combined) in April 2020* are estimated to be USD 27.96 billion, exhibiting a negative growth of (-) 36.65 per cent over the same period last year. Overall imports in April 2020* are estimated to be USD 27.80 billion, exhibiting a negative growth of (-) 47.36 per cent over the same period...

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DGFT Helpdesk for COVID-19 related Export or Import issue

For any COVID-19 related Export or Import issue, a Helpdesk has been operationalized by Directorate General of Foreign Trade (DGFT) in the Department of Commerce, Ministry of Commerce and Industry. Exporters/importers may directly flag their issues through any of the following channels -...

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DGFT portal to enable States/ UTs to develop all districts as Export Hub

DGFT portal to enable States/ UTs to develop all districts as Export Hub ​​​​​Eleven States/ UTs have notified constitution of SLEPC Budget 2020-21 announcement to fulfil vision of PM to convert each District into an Export Hub In order to implement the vision of the Prime Minister of India, Narendra Modi to convert each distric...

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Mention specific HS codes at 8 digit level on Bill of Entry

Vide Trade Notice No.-37/2019 dated 22.10.2019 members of the Trade and Industry were advised to be careful while filing their bill of entry at the time of import and were advised to mention specific HS codes at 8 digit level, where they exist instead of using the ‘other’ category which is a residual category....

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Validity of Increased Rate of MEIS till 31 Dec​ember​ 2019 only?

Director General of Foreign Trade (DGFT) has recently issued a Public Notice ​​(PN) No. 47/2015-2020 dated 07 December 2019 in relation to change in MEIS rate. It has been notified that, except products listed in Annexure to this Public Notice, ​​​​Additional 2% MEIS (as provided in PN No. 44 dated 05 Dec 2017, PN No. [&hellip...

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DGFT cannot Restriction Advance Authorisation through Public Notice

M. D. Overseas Limited Vs Union of India And Ors. (Delhi High Court) - The issue under consideration is whether the Public notice issued by DGFT for restricting the issuance of Advance Authorisation is justified in law?...

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MEIS benefit cannot be denied for mere inadvertent error

Davinci Leather Pvt. Ltd. Vs Commissioner of Customs (Madras High Court) - The petitioner, engaged in the export of leather shoes, had filed a shipping bill claiming duty drawback. The export transaction, the petitioner states, was also entitled for benefit under the Merchandise Exports from India Scheme (MEIS) notified under the Foreign Trade Policy....

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EOU & SEZs not eligible for ‘Vishesh Krishi Upaj Yojna’ benefit: SC

Nola Ram Dulichand Dal Mills Vs Union of India & Ors. (Supreme Court of India) - Nola Ram Dulichand Dal Mills Vs Union of India & Ors. (Supreme Court of India) The appellant challenged the change in the Policy ‘Vishesh Krishi Upaj Yojna‘ wherein 100% export units were denied the benefit of exemption on the ground that the policy binds the respondents for a period...

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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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DGFT amends MEIS Schedule for exports made WEF 01.01.2020

Public Notice No. 12/2015-2020 - (10/07/2020) - Certain additions/amendments have been made in the MEIS Schedule which is Appendix 3B, Table 2 to harmonize it with the Notification no. 38 dated 01.01.2020 and the changes in the Finance (No. 2) Act, 2019, Filth Schedule as notified by CBIC. Government of India Ministry of Commerce & Industry D...

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Import of cut flowers allowed through Chennai airport only

Notification No. 17/2015-2020-DGFT [S.O. 2289(E)] - (09/07/2020) - Notification No. 17/2015-2020- Import Policy of cut flowers under HS code 0603 continues to remain ‘Free’. However import will be allowed through Chennai airport only. Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi ...

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Extension of validity of Recognition of PSIAs up to 30.09.2020

Public Notice No. 11/2015-2020-DGFT - (30/06/2020) - Validity of the recognition of Pre-Shipment Inspection Agencies (PSIAs) as listed in the Appendix 2G of A&ANF, whose validity expires on or before 30.6.2020, is extended up to 30.9.2020 vide Public Notice No. 11/2015-2020-DGFT dated 30th June, 2020. Government of India Ministry of Commerce &...

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Govt allows export of PPE medical coveralls for COVID-19

Notification No. 16/2015-2020-DGFT [S.O. 2125(E).] - (29/06/2020) - DGFT vide Notification No. 16/2015-20 dated 29.06.2020 has allowed the export of PPE medical coveralls for COVID-19 subject to quantitative restriction of 50 lakh units per month. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyo...

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Procedure/criteria for export of PPE Medical Coveralls- COVID-19

Trade Notice No. 17/2020-21 - (29/06/2020) - DGFT vide Trade Notice No. 17 dated 29.06.2020 has outlined the procedure & criteria for submission of applications & issuance of export licenses under export quota for PPE medical coveralls for COVID-19. Government of India Ministry of Commerce & Industry Department of Commerce Director...

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Recent Posts in "DGFT"

DGFT amends MEIS Schedule for exports made WEF 01.01.2020

Public Notice No. 12/2015-2020 (10/07/2020)

Certain additions/amendments have been made in the MEIS Schedule which is Appendix 3B, Table 2 to harmonize it with the Notification no. 38 dated 01.01.2020 and the changes in the Finance (No. 2) Act, 2019, Filth Schedule as notified by CBIC. Government of India Ministry of Commerce & Industry Department of Commerce Directorate Genera...

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Export from Indian Scheme

Export from Indian Scheme There shall be following two schemes for Export respectively: 1. For Export of Merchandise – Merchandise Exports from India Scheme (MEIS). 2. For Export of Services – Service Exports from India Scheme (SEIS). Nature of Reward Duty Credit Scrips shall be granted as reward Scrips can be freely transferable Scri...

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Posted Under: DGFT |

Import of cut flowers allowed through Chennai airport only

Notification No. 17/2015-2020-DGFT [S.O. 2289(E)] (09/07/2020)

Notification No. 17/2015-2020- Import Policy of cut flowers under HS code 0603 continues to remain ‘Free’. However import will be allowed through Chennai airport only. Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Notification No. 17/2015-2020 New Delhi ...

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Extension of validity of Recognition of PSIAs up to 30.09.2020

Public Notice No. 11/2015-2020-DGFT (30/06/2020)

Validity of the recognition of Pre-Shipment Inspection Agencies (PSIAs) as listed in the Appendix 2G of A&ANF, whose validity expires on or before 30.6.2020, is extended up to 30.9.2020 vide Public Notice No. 11/2015-2020-DGFT dated 30th June, 2020. Government of India Ministry of Commerce & Industry Department of Commerce Directo...

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Govt allows export of PPE medical coveralls for COVID-19

Notification No. 16/2015-2020-DGFT [S.O. 2125(E).] (29/06/2020)

DGFT vide Notification No. 16/2015-20 dated 29.06.2020 has allowed the export of PPE medical coveralls for COVID-19 subject to quantitative restriction of 50 lakh units per month. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi Notification No. 16/2...

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Procedure/criteria for export of PPE Medical Coveralls- COVID-19

Trade Notice No. 17/2020-21 (29/06/2020)

DGFT vide Trade Notice No. 17 dated 29.06.2020 has outlined the procedure & criteria for submission of applications & issuance of export licenses under export quota for PPE medical coveralls for COVID-19. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawa...

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Launch of new DGFT platform & Digital delivery of IEC related services

Trade Notice No. 16/2020-21 (25/06/2020)

i. Access to the services would be through a username and password based system. The first time logins/user ID may be created through a registration process on the new platform. ii. For user ID creation, registered mobile number/email ids of the IEC holders will be a mandatorily required. The same will be authenticated by the process of O...

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DGFT enhances time limit for re-import facility with zero duty

Notification No. 15/2015-20- DGFT (25/06/2020)

Para 4.44, of FTP is amended enhancing the time limit for re-import facility with zero duty from three months to six months for cases where re-import period is expiring between Feb. 1, 2020 to July 31, 2020 in light of COVID19....

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Procedural formalities for Extensions in Import Validity period and Export obligation period in Advance authorizations/DFIA

Policy Circular No. 35/2015-20-DGFT (23/06/2020)

Procedural details pursuant to Notification No. 57/2015-20 dated 31.03.2020 and Public Notice 67/2015-20 dated 31.03.2020- Extensions in Import Validity period and Export obligation period in Advance authorizations/DFIA...

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FTP – Relaxations w.r.t. MEIS & SEIS

The Directorate General of Foreign Trade, vide Public Notice No. 08/2015-20 dated 1st June, 2020, provided the following relaxations to the exporters: Increased validity of Duty Credit Scrips Original Validity: Duty Credit Scrips issued under Chapter 3 of the FTP 2015-20 are valid for 24 months from the date of issuance. Extended Validity...

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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