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A speaking order is an order that speaks for itself & should stand the test of legality, fairness and reason at all the higher appellate forums. Effectively this means that, the order should contain all the details of the issue, clear findings and a reasoned order. However, when the system is corrupt & rotten to […]...
Read MoreEPCG, an export promotion scheme launched by DGFT in its Foreign Trade Policy 2015-20 promotes import of capital goods to enhance India's manufacturing competitiveness. This article is an effort to a give a brief insight into the scheme....
Read MoreSEIS is one of the Exports from India Scheme launched by DGFT in Chapter 3 of Free Trade Policy 2015-20. This article describes the same in detail....
Read MoreThis article contains description of Merchandise Exports from India Scheme (MEIS), one of the export scheme launched by DGFT in its Foreign Trade Policy 2015-20....
Read MoreINTRODUCTION RCMC (Registration Cum Membership Certificate) in DGFT is a membership certificate issued for 5 years by Export Promotional Councils (EPCs) or Commodity Boards of India. This certificate is issued as a proof that any particular exporter is registered with the council/Board. FOR WHOM RCMC IS MANDATORY Any person applying for...
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 MoreDGFT 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...
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 MoreEastron 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 ...
Read MoreCommissioner 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...
Read MoreM/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...
Read MoreEurotex 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 ...
Read MorePublic Notice No. 42/2015-2020 - (16/10/2018) - Description of import item 1 in SION A-1486 is amended from Lauryl Alcohol to Lauryl Alcohol/ Lauryl Myristyl Alcohol vide Public Notice No. 42/2015-2020 Dated 16th October, 2018....
Read MoreNotification No. 41/2015-2020 - (05/10/2018) - Indian Potash Limited (IPL), Chennai has been delisted as a State Trading Enterprises for import of Urea by Amending Policy Conditions of Urea under Chapter 31 of the ITC (HS) 2017, Schedule- I (Import Policy)....
Read MorePolicy Circular No. 13/2015-2020 - (05/10/2018) - The Directorate has received references from members of trade seeking clarification on eligibility of firms providing educational services to NRI students for benefits under the Services Exports from India Scheme (SEIS)....
Read MoreTrade Notice No. 34/2018 - (04/10/2018) - All the RAs and the members of trade are being informed that due to unavoidable circumstances. the SEIS E com module which was earlier announced to be ready for accepting applications from 03.10.2018 would now be available from Monday 08.10.2018....
Read MoreNo. S/12-Gen/Misc-216/DPD-RMS/16-17/JNCH - (01/10/2018) - OFFICE OF THE COMMISSIONER OF CUSTOMS, NHAVA SHEVA-III MUMBAI CUSTOMS ZONE-II JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TAL: – URAN, DIST: RAIGAD. PIN – 400 707. No. S/12-Gen/Misc-216/DPD-RMS/16-17/JNCH Dated 01.10.2018 PUBLIC NOTICE NO. 134/2018 Subject: – Procedure to be followed f...
Read MorePublic Notice No. 42/2015-2020 - (16/10/2018) -
Notification No. 41/2015-2020 - (05/10/2018) -
Policy Circular No. 13/2015-2020 - (05/10/2018) -
Trade Notice No. 34/2018 - (04/10/2018) -
No. S/12-Gen/Misc-216/DPD-RMS/16-17/JNCH - (01/10/2018) -
Notification No. 40/2015-2020 - (03/10/2018) -
Notification No. 39/2015-2020-DGFT - (03/10/2018) -
Notification No. 37/2015-2020 - (28/09/2018) -
Notification No. 38/2015-2020-DGFT - (28/09/2018) -
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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:
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.
