Filter Posts

Focus Product Scheme - The list of items under FPS has been expanded to include 130 additional items. These items are mainly in the sectors of Chemical/ Pharmaceuticals, Textiles, handicrafts, Engineering and electronics sector. Textile items like polyester textured yarn, fully drawn yarn of polyester, viscose rayon type yarn, polyester ...

The conditions for export were prior registration of contracts with DGFT on a first-come-first-served basis subject to: (i) Export shall be made from privately held stocks. (ii) Applications for allotment must be accompanied with irrevocable and confirmed letter of credit , (iii) An applicant must submit a performance bank guarantee(BG),...

GFT has notified all the conditions approved by EGOM and it was decided to first call for intent to export through e-mail for shortlisting of the successful allottees by applying a cut whenever the quantity of 10 lakh MTs is exhausted on a first come first served basis. A wait list of applicants will also be maintained in case any of the ...

The Delhi High Court on Wednesday extended the stay on export of non-basmati rice after several firms appealed in the court to be made party to the suit, challenging the licences to 82 exporters by the government,alleging lack of transparency in quota allocation process. A Bench of Justice S K Kaul and Justice Rajiv Shakdhar while extendi...

The Empowered Group of Ministers (EGOM) has allowed the export of 10 lakh tons of non-basmati rice, subject to a Minimum Export Price(MEP) of USD 400 per Ton, in its meeting held on 11th July, 2011. It was also decided that the export of non-basmati rice would be done by private parties from privately held stocks on purely commercial basi...

The Union Minister of Commerce, Industry and Textiles Shri Anand Sharma has restored the DEPB benefits for cotton yarn from 1st April, 2011 and on Cotton from 1st October, 2010. The Minister said here today, I have taken a composite review of the cotton and cotton yarn industry over the last few days. Both of these segments have f...

The government today allowed exports of one million tonnes of non-basmati rice, lifting an over three-year old ban, in the wake of overflowing godowns. The decision to this effect was taken by an Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee....

Export of organic edible oil duly certified by APEDA with a ceiling of 10,000 MTs per annum has been exempted from the prohibition imposed on export of edible oils (which is up to 30.9.2011). Notification No. 51 dated 3.6.2011 - Export of organic pulses and lentils duly certified with APEDA with an annual ceiling of 10,000 MTs per annum h...

The government today extended duty-free import of sugar for two months till August-end amid inflationary pressure. The zero-duty sugar import deadline, which expired on June 30, has been extended till August 31, this year, a notification issued by the Finance Ministry said. The government had abolished import duty on sugar in February 200...

The government has invited views of the stakeholders to revise the deemed export policy, aimed to avert the misuse of the scheme. Deemed exports refer to those transactions in which goods supplied to the users do not leave the country and payment for such supplies is received in any currency. Stakeholders' comments would be accepted til...