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How to Apply for Import Export Code Online (IEC) — Know the Process Step by Step An Import Export (IEC) Code is a 10-digit number given to that person who do import or export goods and services from abroad which provided by Director General of Foreign Trade (DGFT). IEC is a code allotted on Individual PAN Number […]...
Read MoreAn IEC is necessary for Import or Export of goods. The first requirement before you start an Import or Export business in India is to obtain an IEC. IEC Code is unique 10 Digit code issued by DGFT – Director General of Foreign Trade, Ministry of Commerce, Government of India. The PAN based IEC Registration Certificate […]...
Read MoreIn the era of Globalization, now the customer market has been shifted from local territory/Country to worldwide market. Where the trader/Service provider has been given equal opportunity to expand its market worldwide. Now, the government is focusing to make India an Export Oriented Country instead of an Import Oriented approach. The Gove...
Read MoreImports are foreign goods and services that are produced in a foreign country and sold to domestic residents of a country. If a country Imports more than it Exports it runs a Trade Deficit. When a country has a trade deficit, it must borrow from other countries to pay for the extra imports. India is traditionally a Trade Deficit Count...
Read MoreIt is the prime responsibility of the policy makers to exercise due diligence in carrying out prime responsibility & in doing so application of mind should be visible. As per the mandate of the Parliament, the DGFT exists to facilitate exports by way of Export Promotion Policy. I have been involved with exports since 1983 […]...
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 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 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 MoreTrade Notice No. 46/2019-20-DGFT - (17/01/2020) - It is advised that All importers should file their Bills of Entry with specific codes available for the imported items under ITC(HS), 2017, Schedule — I (Import Policy) at 8 digit level, and to avoid as far as possible 'Others' category....
Read MorePublic Notice No. 56/2015-2020-DGFT - (14/01/2020) - The Standard Input Output Norm as appearing at serial number C-888 for export of Stainless Steel Washers of different grades stands suspended with immediate effect....
Read MoreNotification No. 42/2015-20-DGFT [S.O. 171(E).] - (10/01/2020) - Notification No. 42/2015-20– Authority of approving proposals for consolidation of goods related to manufactured articles has been delegated to Development Commissioner/Designated Officer concerned. Government of India Ministry of Commerce and Industry Department of Commerce Directorate Genera...
Read MoreNotification No. 41/2015-2020 - (09/01/2020) - Existing notification No. 29/2015-20 dated 4 November 2019 is amended to the extent that export of Rice (Basmati and Non — Basmati) to EU member States and other European countries namely Iceland, Liechtenstein, Norway and Switzerland only will require Certificate of Inspection from EIA/EIC. Expor...
Read MorePolicy Circular No. 30/2015-2020 - (08/01/2020) - In case an item of steel gets registered under SIMS at the time of entry into SEZ/FTWZ, there is no need to seek SIMS Registration again at the time of supply of such item into DTA. Policy Circular No. 30/2015-2020 Dated: 08th January, 2020. F. No. 01/89/180/MONI-5852/AM-3/PC-II(A)/ P-13343 Governme...
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Trade Notice No. 46/2019-20-DGFT - (17/01/2020) -
Public Notice No. 56/2015-2020-DGFT - (14/01/2020) -
Notification No. 42/2015-20-DGFT [S.O. 171(E).] - (10/01/2020) -
Notification No. 41/2015-2020 - (09/01/2020) -
Policy Circular No. 30/2015-2020 - (08/01/2020) -
Notification No. 39/2015-2020-DGFT [S.O. 113(E)] - (08/01/2020) -
Notification No. 40/2015-2020-DGFT - (08/01/2020) -
