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 MoreDGFT 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 MoreHow 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 More1. 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 MoreIn 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 MoreDGFT 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 […]...
Read MoreMajor 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...
Read MoreA 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...
Read MoreWhile 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 ...
Read MoreGST 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....
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 MoreJindal 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...
Read MoreMessrs 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 ...
Read MoreYum 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)....
Read MoreNotification 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...
Read MorePublic 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 MoreTrade 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 MoreNotification 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 MorePublic 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 MoreNotification No. 34/2015-2020-DGFT - (06/12/2019) -
Public Notices No. 46/2015-60-DGFT - (04/12/2019) -
Trade Notice No. 40/2019-20-DGFT - (24/12/2019) -
Notification No. 33/2015-2020-DGFT [S.O. 4338(E)] - (02/12/2019) -
Public Notices No. 45/2015.2020-DGFT - (26/11/2019) -