DGFT

DGFT & CBIC: The real doomsayers of the Indian Economy?

As far as I understand, the export promotion policy is put in place to promote the exports from India. However, I doubt it very much, the way; the Indian bureaucracy formulates & implements the same. The transaction costs of export administration are so high within the system that even the incentives have no meaning because the exporters ...

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Advance Authorisation /Duty Exemption Scheme: Why cheating with exporters?

This is a story about the elite IAS, ITS & IRS housed in the Udyog Bhawan & the North Block. I always thought that these officials would be able to think through the problem & formulate policy & procedures, which would be easy, transparent & easy to understand for the beneficiaries & easy to implement but alas that is not to be. ...

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Relevance of Certain Provisions in FTP (2015-20) with regard to EOU

Condition of Manufacturing for 100% EOU Units- The business has started to look at the market in a global sense for some years now and cross-border trade has become a routine business today. In such a scenario exporters of goods whether manufactured or traded, play a huge role in improving the economic status of this country owing to Fore...

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Why export promotion policy favour defaulters & punish efficient exporters- Part 2

In this second part, we deal with the legalities & the policy provisions regarding the clubbing & redemption. The latest policy provision made Vide Public Notice No. 32/2015-2020 dtd. 18.10.2017 reads as under:...

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Why export promotion policy favour defaulters & punish efficient exporters- Part I

The law is not a rational code. The law is an ass & the bureaucracy is responsible for it. These are all well known but then even a beneficial Export Promotion Policy will be afflicted by it is very difficult to digest but then always trust the miraculous Indian bureaucracy for cracking a poor joke....

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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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Cabinet allows export of all varieties of pulses

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has given its approval for removal of prohibition on export of all types of pulses to ensure that farmers have greater choice in marketing their produce and in getting better remuneration for their produce. The CCEA also empowered the Committee chai...

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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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Indian Mackerel eligible for MEIS benefit for export between 01.04.2015 to 30.06.2018

Public Notice No. 13/2015-2020-DGFT - (12/06/2018) - Indian Mackerel export under any HS Code of 2012/2017 is eligible for MEIS benefit for exports made during the period 01.04.2015 to 30.06.2018. For exports made on or after 01.07.2018, Indian mackerel is eligible for MEIS benefits only under Serial no. 8019 and 8020 of the Table 2 of Appendix 3B-MEI...

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No Port restriction on import of Natural Rubber under Advance Authorisation

Notification No. 11/2015-2020-DGFT - (12/06/2018) - Port restriction is not applicable on import of Natural Rubber of all varieties/forms covered under EXIM Code 4001, under Advance Authorisation....

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SOP regarding Export Promotion Schemes Management & Monitoring Cell

Standing Order No. 19/2018-JNCH - (11/06/2018) - The following standard operating procedure is notified regarding Export Promotion (EP) Schemes Management & Monitoring Cell which has been notified vide P.N. No. 91/2018, dated 30.05.2018....

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Reg. Sale in DTA of services classified under Heading 9988 & 9989 under GST

Notification No. 10/2015-2020 - (07/06/2018) - Sale in DTA in respect of certain services classified under Heading 9988 and 9989 under GST is continued to be covered under para 6.08(a) of FTP....

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DGFT organizes EODC Camp in RAs during 11.6.2018 to 22.6.2018

Trade Notice No. 17/2018 - (07/06/2018) - In order to facilitate expeditious disposal of EODC applications for Advance and EPCG authorisations, it has been decided that the following RAs would organise EODC camp from 11.6.2018 to 22.6.2018:...

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Recent Posts in "DGFT"

Indian Mackerel eligible for MEIS benefit for export between 01.04.2015 to 30.06.2018

Public Notice No. 13/2015-2020-DGFT (12/06/2018)

Indian Mackerel export under any HS Code of 2012/2017 is eligible for MEIS benefit for exports made during the period 01.04.2015 to 30.06.2018. For exports made on or after 01.07.2018, Indian mackerel is eligible for MEIS benefits only under Serial no. 8019 and 8020 of the Table 2 of Appendix 3B-MEIS Schedule....

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No Port restriction on import of Natural Rubber under Advance Authorisation

Notification No. 11/2015-2020-DGFT (12/06/2018)

Port restriction is not applicable on import of Natural Rubber of all varieties/forms covered under EXIM Code 4001, under Advance Authorisation....

Read More

SOP regarding Export Promotion Schemes Management & Monitoring Cell

Standing Order No. 19/2018-JNCH (11/06/2018)

The following standard operating procedure is notified regarding Export Promotion (EP) Schemes Management & Monitoring Cell which has been notified vide P.N. No. 91/2018, dated 30.05.2018....

Read More

DGFT & CBIC: The real doomsayers of the Indian Economy?

As far as I understand, the export promotion policy is put in place to promote the exports from India. However, I doubt it very much, the way; the Indian bureaucracy formulates & implements the same. The transaction costs of export administration are so high within the system that even the incentives have no meaning because the exporters ...

Read More
Posted Under: DGFT |

Reg. Sale in DTA of services classified under Heading 9988 & 9989 under GST

Notification No. 10/2015-2020 (07/06/2018)

Sale in DTA in respect of certain services classified under Heading 9988 and 9989 under GST is continued to be covered under para 6.08(a) of FTP....

Read More

DGFT organizes EODC Camp in RAs during 11.6.2018 to 22.6.2018

Trade Notice No. 17/2018 (07/06/2018)

In order to facilitate expeditious disposal of EODC applications for Advance and EPCG authorisations, it has been decided that the following RAs would organise EODC camp from 11.6.2018 to 22.6.2018:...

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Benefit of Focus Product Scheme to HS Code 8481-FTP 2009-14

Trade Notice No. 16/2018 (07/06/2018)

It had been clarified that other items, which are not parts of bicycle, are not eligible for FPS benefit under FTP 2009-14. It was also clarified that cases where RA has issued scrips against the export of parts other than those used in bicycle under ITC(HS) 8481 is liable to be reviewed and corrective measures to be taken to recover such...

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DGFT withdraws Requirement of DSC for online/digital payment through e-MPS

Trade Notice No. 15/2018-DGFT (04/06/2018)

Keeping in view the difficulties faced by the exporters/importers in obtaining digital signatures for making miscellaneous payment digitally/online, the requirement of DSC for exporters/importers to make digital/online payment through e-MPS has been done away with....

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Sanction of pending IGST refund where records not transmitted from GSTN to DG Systems

Public Notice No. 90/2018-JNCH (30/05/2018)

Exporters whose cumulative IGST amount paid against exports and interstate domestic outward supplies, for the period July 2017 to March 2018 mentioned in GSTR- 3B is greater than or equal to the cumulative IGST amount indicated in GSTR-1 for the same period, would be required to submit a certificate from Chartered Accountant before 31stOc...

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Guidelines to file/process MEIS applications in case of Project Exports

Trade Notice No. 14/2018-DGFT (30/05/2018)

This office has received references from the Trade and Industry stating that they are facing difficulties in availing MEIS benefits in case of exports made under the Project Exports category. The problems highlighted by the Trade is that, at the time of export, they are unable to file shipping bills under Chapter 98 and are required to fi...

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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.