DGFT Article, News Analysis Notification, Circulars, Policy Circulars, Press Release and Instructions issued by Direct General of Foreign Trade on Trade
DGFT : Learn about Annual RoDTEP Return (ARR) filing process under Appendix-4RR, eligibility criteria, deadlines, and key requirements fo...
DGFT : Learn about the Ubharte Sitaare Fund, its objectives, benefits, eligibility criteria, and how small and mid-sized businesses can a...
DGFT : This article critically examines the legal definitions of Import across various legislations, analyzing their implications for SEZ...
DGFT : Learn about the RODTEP Annual Return, filing guidelines, eligibility, and consequences for non-compliance with the scheme....
DGFT : Learn the step-by-step procedure for APEDA Registration Cum Membership Certificate (RCMC) for exporters in India, including requir...
DGFT : Review of India’s 2024 trade achievements, including FTAs, export growth, Bharat Mart launch, digital trade platforms, and key s...
DGFT : DGFT modernizes foreign trade by automating ad-hoc Input Output Norms fixation, enhancing ease of business for exporters. Learn ab...
DGFT : CBIC introduces electronic disbursal of duty drawback directly to exporter's bank accounts via PFMS, enhancing transparency and ef...
DGFT : Government of India has sanctioned export of 99,150 metric tons (MT) of onions to six neighboring countries, namely Bangladesh, UA...
DGFT : Read about the collaboration between DGFT and DHL to boost Indian e-commerce exports. Learn how this MoU signing aims to empower M...
DGFT : Pursuant to the execution of CEPA, a meeting was held at the Directorate General of Foreign Trade (DGFT) headquarters for consider...
DGFT : Writ petitions were filed challenging the minutes of meeting held on 08.11.2024, though which TRQ (Tariff Rate Quota) allotted to ...
DGFT : Delhi High Court observed that once the DGFT had proceeded to issue the MEIS scrip to the writ petitioners, they would have been j...
DGFT : In these shipping bills, the Petitioner, the Petitioner’s Customs brokers inadvertently declared the Petitioner did not intend t...
DGFT : Delhi HC grants Chintamani Sharma & Sons 6 weeks to submit documents for Rs. 50 lakh DGFT penalty, citing DRI's role in delayed su...
DGFT : DGFT amends ANF-4J for Diamond Imprest Authorisation. New declarations added regarding star status, tax returns, and import condit...
DGFT : DGFT amends Appendix-4J of HBP 2023, removing 'Walnut in any form' to streamline trade regulations. Effective from March 27, 2025....
DGFT : DGFT proposes mandatory GST e-invoices for deemed export benefits. Stakeholders can submit comments by April 2025 for consideratio...
DGFT : The last date for filing the Annual RoDTEP Return for FY 2023-24 has been extended to June 30, 2025, with a grace period until Sep...
DGFT : DGFT invites comments on modifying SIONs for automobile tyres. Exporters and stakeholders must submit suggestions with data within...
Each export consignment alongwith the related documents will be subject to pre-shipment inspection and verification by the Regional Dy. Director, Wild Life, Preservation, Deptt. of Forests & Wildlife, Govt. of India, where necessary permit/certificate of Management Authority in India (Director)/Wildlife Preservation, Department of Forests & Wildlife, Govt. of India under the Convention of International Trade in Endangered Species of Wild Fauna and Flora (CITES) shall also have to be obtained.
Certain representations have been received seeking clarification whether for calculation of NFE the imports effected by 100% EOUs/Units in the EPZ are to be deducted or not. In this context, it is clarified that Paragraph 9.5 of Handbook of Procedures(Vol.1) clearly stipulates that Letter of Permission/Letter of Intent issued to EOU/EPZ/EHTP/STP units by the concerned authority would be construed as a licence for all purposes.
The export proceeds realised in any currency shall be converted, except in cases where the entire imports and the entire exports are made in one foreign currency, into US Dollars at the exchange rate prevailing on the date of issuance of EPCG licence which has been endorsed on the reverse of the licence with a view to ascertain whether export obligation has been fulfilled or not.
For taking supplies from such Private Bonded Warehouses no further endorsement of any kind on such specific licence or Advance Licence from the Licensing Authorities would be required. Accordingly, these licences which are valid for imports would be valid for taking supply from Private Bonded Warehouses also.
.Certain instances have been brought to the notice of DGFT wherein some of the exports effected by 100% EOU/ units in the Export Processing Zones are also being counted towards discharge of export obligation under advance licences or wherein DEPB benefits are being claimed. Thus the same exports are also being counted towards benefits under DEPB/advance licence as well as for discharge of export obligation by EOUs/EPZ units.
Attention is invited to the entry at Sl. No. 25 of Schedule 2 Appendix 1 of the book titled “ITC(HS) Classifications of Export and Import Items 1997-2002” and the Policy Circular No. 2 (RE-98)/98-99 dated 24.4.98 issued in this regard.
The matter has been re-examined in view of the fact that the DEPB rate for the formulations is likely to be notified shortly, it has been decided that the export of formulations of bulk drugs namely injection/Intravenous infusion/Syrup /Oral Suspension/ Tablet/ Capsule under DEPB scheme may be allowed provisionally even if no DEPB rate exist for such bulk drugs.
In respect of cases where Gold/Silver/Platinum has been booked with the nominated agencies but exports have not been effected within prescribed time limit, but have been completed subsequently, in respect of bonafide exporters, such cases may be regularised on payment of penalty equivalent to interest @24% on duty involved in such booking of the metal, for delayed period of exports.
Attention is invited to Ministry of Commerce (Import Trade Control) Public Notice No.74-ITC(PN)/85-88 dated the 21st February, 1986 on the subject mentioned above. It is hereby informed that in pursuance of the relevant provisions contained in the Indo-USSR deferred payments protocol dated the 30th April, 1981 and 23rd December, 1985.
This notification is issued for continuance of deemed export benefits for supplies made to Thermal Power Project of MPEB in the wake of withdrawal of World Bank Loan for this project subject to the terms and conditions mentioned in the foregoing Paragraph and in Appendix XVIII of the Hand-Book of Procedures (March, 1994 edition).
