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Everything about APEDA (RCMC) Registration in India

  03 Aug 2021   0 comment
APEDA (RCMC) Registration- Meaning, Benefits, Process Documents Required etc for APEDA License Agricultural & Processed Food Products Export Development Authority (APEDA) is a government organization that was established to develop and promote the export of scheduled products. APEDA is an authority that provides financial assistance, ...
Posted Under: DGFT |

Import Export Code (IEC)- Benefits, Updation & Who can obtain

  26 Jul 2021   2 comments
IEC is a business identification number issued by the Director General of Foreign Trade (DGFT) to an importer or exporter. A person cannot import or export unless he is in the possession of an IEC number. Where a person import or export of any service or technology, the IEC number shall be required only when […]...
Posted Under: DGFT |

Deposit insurance in India – DICGC

  25 Jul 2021   0 comment
With the spate of bank failures in independent India putting the depositors’ money at risk, India passed DICGC Act in 1961 through which Deposit Insurance & Credit Guarantee Corporation of India (DICGC) came into existence....
Posted Under: DGFT |

Updation/Modification in e-IEC (Import Export Code)

  06 Jul 2021   1 comment
The DGFT vide Notification No. 58/2015-2020, dated February 12, 2021 amended certain provisions of Chapter 1 and Chapter 2 of the Foreign Trade Policy, (2015-2020) (“FTP”), related to Import Export Code (“IEC”). As per amended provision: 1. DGFT issues IEC in electronic form (e-IEC). Application for issuance of e-IEC can be made d...
Posted Under: DGFT |

Import Export Code (IEC) – Registration & Requirements

  23 Jun 2021   0 comment
The Import Export Code (IEC) is one of the key business identification numbers which is mandatory for performing Exports or Imports. No person/entity shall proceed with any import or export except it gets an IEC Number issued by the Directorate General of Foreign Trade (DGFT), unless specifically exempted. Any Proprietorship, Partnership,...
Posted Under: DGFT |

How to Start Export Business | Basic Requirement & Benefits

  14 Jun 2021   1 comment
With the increasing use of technology and liberalisation policy adopted worldwide, now a day whole world is like a business market place subject to that your product/ service meets the customer need/ requirements. There are many examples of this global market place like Alibaba E- Commerce platform is supplying China products globally usi...
Posted Under: DGFT |

Export of Services- SEIS – Export Incentive to Service Industry

  12 Jun 2021   4 comments
Export of Services- An Insight- Service Exports from India Scheme (SEIS)- Export Incentive to Service Industry Executive Summary ♦ SEIS scheme was introduced on 1st April 2015 under the Foreign Trade Policy of India 2015-2020. ♦ The purpose for the SEIS scheme is to make export of Indian services more competitive in international mark...
Posted Under: DGFT |

Import Export Code (IEC) with FAQs

  11 Jun 2021   2 comments
ABOUT Import Export Code (IEC Number) Meaning of Import Export Code IEC is a 10 digit code number, which is issued by the Director General of Foreign Trade (DGFT).It is required by any person who is into import/export business in the country. Importers \merchant cannot import goods without the Import Export Code and similarly the [&hellip...
Posted Under: DGFT |

Electronic Chip Import Registration

  08 Jun 2021   0 comment
Importer is required to apply online for CHIP Import registration between 60 days to 15 days prior of expected date of arrival of import consignment. The automatic Registration Number thus granted shall remain valid for a period of 75 days. It is mandatory to have registration of said products for Bill of Entry to be filed on or after 1st...
Posted Under: DGFT |

An insight into RoDTEP policy

  01 Jun 2021   0 comment
The Director General, DGFT has issued a statement on 17Th May 2021 that the rates of Remission of Duties and Taxes on Exported Products (‘RoDTEP’) scheme shall be announced in about 15 days. In such a scenario, there is a need to recollect an understanding of RoDTEP scheme summarized in the article below: 1) Why […]...
Posted Under: DGFT |

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