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UNDP and Invest India launch the SDG Investor Map for India

UNDP 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....

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Posted Under: DGFT |

DGFT Update | MEIS for 2019-20 & 2020-21 | New DGFT Policy & Portal

Please 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...

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Posted Under: DGFT |

Clarification on Iron Ore Exports

Export 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...

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Posted Under: DGFT |

Summary of Performance Audit on MEIS and SEIS

This 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...

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Posted Under: DGFT |

List of Export Promotion Councils Affiliated to Department of Commerce

Export Promotion Councils (EPCs) are organizations of exporters, set up under the Societies Registration Act/ Companies Act, with the objective of promoting Indian exports....

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Posted Under: DGFT |

Measures taken by Government to Boost Export Credit

As per the data available with the Directorate General of Commercial Intelligence and Statistics (DGCIS) exports in 2019-20 were $ 313.36bn as compared to $330.08bn in 2018-19. A statement showing the State-wise Exports during 2018-19 and 2019-20 is Annexed....

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Posted Under: DGFT |

Prohibition on export of medical items to fight COVID-19

The prohibition on export of medical items was imposed to ensure domestic availability of these items to fight COVID-19. These have been relaxed based on an assessment, from time to time, of the domestic requirement, production capacity and surplus available for export....

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Posted Under: DGFT |

Capping of Rs 2 Crore for MEIS will not affect 98% of exporters

On the issue of recent changes in the Merchandise Export from India Scheme (MEIS), the Minister said that the capping of Rs 2 Crore will not affect 98% of the exporters who claim benefit under the scheme....

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Posted Under: DGFT |

India’s Foreign Trade: July 2020

India’s overall exports (Merchandise and Services combined) in April-July 2020-21* are estimated to be USD 141.82 billion, exhibiting a negative growth of (-)21.99per cent over the same period last year. Overall imports in April-July 2020-21* are estimated to be USD 127.76 billion, exhibiting a negative growth of (-) 40.66per cent over ...

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Posted Under: DGFT |

India’s Foreign Trade: April 2020

India’s overall exports (Merchandise and Services combined) in April 2020* are estimated to be USD 27.96 billion, exhibiting a negative growth of (-) 36.65 per cent over the same period last year. Overall imports in April 2020* are estimated to be USD 27.80 billion, exhibiting a negative growth of (-) 47.36 per cent over the same period...

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Posted Under: DGFT |