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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...
Read MoreThe 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 MoreIn 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...
Read MoreEarlier, 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 […]...
Read MoreSupplies 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....
Read MoreIndia’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...
Read MoreFor 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 -...
Read MoreDGFT 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...
Read MoreVide 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....
Read MoreDirector 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...
Read MoreM. 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?...
Read MoreDavinci 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....
Read MoreNola 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...
Read MoreChailbihari 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...
Read MoreForbes 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...
Read MorePublic 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...
Read MoreNotification 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 ...
Read MorePublic 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 &...
Read MoreNotification 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...
Read MoreTrade 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...
Read MorePublic Notice No. 12/2015-2020 - (10/07/2020) -
Notification No. 17/2015-2020-DGFT [S.O. 2289(E)] - (09/07/2020) -
Public Notice No. 11/2015-2020-DGFT - (30/06/2020) -
Notification No. 16/2015-2020-DGFT [S.O. 2125(E).] - (29/06/2020) -
Trade Notice No. 17/2020-21 - (29/06/2020) -
Trade Notice No. 16/2020-21 - (25/06/2020) -
Notification No. 15/2015-20- DGFT - (25/06/2020) -
Policy Circular No. 35/2015-20-DGFT - (23/06/2020) -
