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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 ...
Read MoreImport 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 [&...
Read MoreREWARD 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...
Read MoreThe 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...
Read MoreWhole 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 […]...
Read MoreIndustry 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....
Read MoreCabinet 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....
Read MoreMinistry 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 ...
Read MoreExport 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...
Read MoreKeeping 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....
Read MoreJayasakthi 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...
Read MorePam 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...
Read MoreMessrs 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 ...
Read MoreAtlantic 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...
Read MorePortescap 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...
Read MoreTrade 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....
Read MoreNotification 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...
Read MoreTrade 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...
Read MoreNotification 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...
Read MorePublic 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...
Read MoreTrade Notice No. 04/2021-2022-DGFT - 10/05/2021
Notification No. 05/2015-2020 [S.O. 1840(E)] - 10/05/2021
Trade Notice No 03/2021-22-DGFT - 10/05/2021
Notification No. S.O. 1796(E) - 07/05/2021
Public Notice No. 4/2015-2020-DGFT - 04/05/2021
Notification No. 04/2015-2020-DGFT [S.O. 1723(E).] - 30/04/2021
Public Notice No. 3/2015-2020 - 30/04/2021
Standing Order No. 09/2021-JNCH - 28/04/2021
Public Notice No.37/2021- JNCH - 27/04/2021
