Remission of Duties and Taxes on Exported Products (RoDTEP) Remission of Duties and Taxes on Exported Products (RoDTEP) is a new scheme launched by the government to replace the existing MEIS scheme for exports of goods from India. RoDTEP Scheme, to benefit the exporters in place of MEIS was announced vide press release dated 31-Dec-2020,...
Read MoreEOU, EHTP, STP & SCHEME 1. EOU, EHTP, STP & SCHEME units are setup for their export of entire production of goods and services (except permissible sale in DTA) 2. They can import input & capital goods without payment of customs duty. 3. STP, EHTP, BTP scheme are similar to EOU schemes and provisions are […]...
Read MoreEXPORT PROMOTION SCHEME EXEMPTION SCHEMES Duty exemption scheme Advance Authorisation Scheme Duty free import authorisation scheme (DFIA) Duty Remission Scheme Duty Drawback Scheme (DBK) Sec. 75 customs Duty Remission Scheme under Central Excise law not applicable REWARD SCHEMES 1. Merchandise Export from India Scheme (MEIS) 2. Service Ex...
Read MoreThe Ministry of Commerce & Industry has issued a press release dated 12 Jan 2021 to give a brief on Parliamentary Consultative Committee meeting of Commerce and Industry on which was held to discuss “New Foreign Trade Policy 2021-26”. Please find below excerpts form press release for your perusal: The meeting was chair...
Read MoreLEGISLATION ♣ Foreign Trade is regulated by ministry of commerce and industry. ♣ Director General of Foreign Trade handles full administration (DGFT). ♣ FTP is 5 years policy prepared under Foreign Trade Development & Regulation (D &R) Act 1992. ♣ Ministry and DGFT administered the FTP in formulation, control and superviso...
Read MoreUNDP and Invest India have launched the SDG Investor Map for India, laying out 18 Investment Opportunities Areas (IOAs) in six critical SDG enabling sectors, that can help India push the needle forward on Sustainable Development....
Read MorePlease find below synopsis of recent important updates issued by DGFT for your quick reference: Office Memorandum: F. No. 605/58/2015-DBK (Pt. II) dated 12 Nov 2020: The MEIS, introduced in April 2015, will be wound up by 31 December 2020. The government has already announced the Remission of Duty or Taxes on Export Products (RoDTEP...
Read MoreExport policy restriction put in 1998 only for KIOCL: On 21.01.1998, vide Notification, a specific entry was added in the export policy regarding “Iron Ore pellets manufactured by Kudremukh Iron Ore Company Limited (KIOCL) out of concentrates produced by it”. Thus, the export policy was regard to only Iron Ore pellets manufactured b...
Read MoreThis report contains significant results of the performance audit on Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS), which was conducted to seek an assurance on the success of facilitation measures introduced for simplifying the process of issuance of scrips and to examine effective linkage of ru...
Read MoreExport Promotion Councils (EPCs) are organizations of exporters, set up under the Societies Registration Act/ Companies Act, with the objective of promoting Indian exports....
Read MoreUnion of India Vs Famina Knit Fabs (Supreme Court) - Union of India Vs Famina Knit Fabs (Supreme Court) Drawback Limitation for SCN under Drawback Rules, 1995 and saving of SCNs, for earlier period, issued after Drawback Rules, 2017 The Supreme Court has stayed the operation of the Punjab & Haryana High Court’s 2019 decision wherein the High Cou...
Read MoreNautilus Metal Crafts Pvt. Ltd. Vs Joint Director General of Foreign Trade (Delhi High Court) - Nautilus Metal Crafts Pvt. Ltd. Vs Joint Director General of Foreign Trade (Delhi High Court) The Show Cause Notice was for ‘availing Special MEIS benefits fraudulently by mis-declaration and forgery of documents’. The petitioner in its reply had categorically submitted that it had not c...
Read MoreSimplex Infrastructures Ltd. Vs. Union of India (Madras High Court) - Simplex Infrastructures Ltd. Vs. Union of India (Madras High Court) Joint DGFT has no powers to review his own orders in view of Section 16 of the FTDR Act. There can be no review of an earlier refund except in accordance with the provision of Section 16 of the FTDR Act, which only permits the [&hel...
Read MoreUnion of India Vs Agricas LLP and Others etc. (Supreme Court of India) - Union of India Vs Agricas LLP and Others etc. (Supreme Court) In the instant case, the Writ Petition is filed by challenging the imposition of restrictions on import of Peas and pulses. As per petitioner, the notifications issued by the DGFT had the effect of modifying or amending the EXIM policy as...
Read MoreM. D. Overseas Limited Vs Union of India And Ors. (Delhi High Court) - The issue under consideration is whether the Public notice issued by DGFT for restricting the issuance of Advance Authorisation is justified in law?...
Read MoreTrade Notice No: 39/2020-21-DGFT - (19/01/2021) - Procedure and Criteria for submission and approval of applications for export of Diagnostic Kits and their components/laboratory reagents. Reference is invited to DGFT Notification No. 09 dated 10.06.2020 restricting the export of Diagnostic Kits/Laboratory Reagents/Diagnostic Apparatus....
Read MoreTrade Notice No. 38/2020-21 - (15/01/2021) - As a part of IT Revamp of the organisation, this Directorate has decided to introduce a new module (online e-PRC System) for seeking policy/procedure relaxation in terms of Para 2.58 of FTP. Therefore, from 25.01.2021 onwards, all applications seeking policy/procedure relaxation are mandatorily requ...
Read MoreTrade Notice No. 37/2020-2021 - (11/01/2020) - In continuation to the earlier Trade Notice(s) 30/2020-21 dated 13.10.2020, it is informed that the United Kingdom (UK) is being added as a country of Export on the e-COO Platform under Generalised Scheme of Preferences (GSP)....
Read MorePublic Notice No. 37/2015-2020-DGFT - (08/01/2021) - M/s The All India Plastics Manufacturers’ Association (North Zone), Gurugram, Haryana is enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non-Preferential)....
Read MoreNotification No. 55/2015-2020-DGFT - (07/01/2021) - Import policy of some items classified under Chapter 41 and 43 of ITC (HS), 2017, Schedule – I (Import Policy) is amended from 'prohibited' to 'free' and new policy conditions added to Chapter 41 and 43....
Read MorePress release - (31/.0/1.20) -
Trade Notice No: 39/2020-21-DGFT - (19/01/2021) -
Trade Notice No. 38/2020-21 - (15/01/2021) -
Trade Notice No. 37/2020-2021 - (11/01/2020) -