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8 Important Changes in Foreign Trade Policy 2015-2020

Five different schemes(Focus Product Scheme, Market Linked Focus Product Scheme, Focus Market Scheme, Agri Infrastructure Incentive Scrip, VKGUY) merged into single unconditional scheme named as Merchandise Export from India Scheme(MEIS);...

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Posted Under: DGFT |

Highlights of Foreign Trade Policy 2015-2020 + Download FTP

Earlier there were 5 different schemes (Focus Product Scheme, Market Linked Focus Product Scheme, Focus Market Scheme, Agri. Infrastructure Incentive Scrip, VKGUY) for rewarding merchandise exports with different kinds of duty scrips with varying conditions (sector specific or actual user only) attached to their use. ...

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Posted Under: DGFT |

Acche Din- Mandatory documents for Import/ Export Reduced to 3

IMPORT AND EXPORT MANDAOTRY DOCUMENTS REDUCED Mandatory documents required for import and export of goods reduced to three documents each (w.e.f 1st apr,15): India took a step forward in improving ‘Ease of Doing Business’ by reducing the compulsory documents required for import and export of goods. The Directorate General of F...

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Posted Under: DGFT |

DGFT Specifies documents required for Export and Import

Notification No. 114 (RE-2013)/2009-2014 (12/03/2015)  

Vide Notification No. 114 (RE-2013)/2009-2014, dated 12th Mar’15, DGFT has prescribed following documents(only three in number) which shall be mandatory for the import/export of goods: For export: o Bill of Lading/Airway Bill ; o Commercial Invoice cum Packing List (Separate Commercial Invoice and Packing List would also be accep...

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Problems in online IEC application & Solution

While applying online for importer exporter code (IEC) some user may encounter a Java Error like the one given below – ERROR WHILE SENDING OUTPUT access denied (“java.net.SocketPermission” “164.100.128.143:8100″ “connect,resolve”) In this article we have discussed the solution and steps to remove above error. 1. Download...

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Posted Under: DGFT |

Export Incentives – CENVAT Credit availed by deemed exporters – Inputs utilised in manufacture of export products – Amendments

In recent past DGFT has given its clarification on under mentioned topics i.e. 1. CENVAT Credit availed by deemed exporters vide Circular No. 9 (Re-2013)/2009-14, dated 30th Oct, 2013. 2. Actual inputs utilised in the manufacture of export products vide Notification No. 48 (RE-2013)/ 2009-14, dated 30th Oct, 2013....

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Posted Under: DGFT |

FTP : Relaxation in time limit for submission of Installation Certificate by granting extension in the current provisions

However, extension in time for Installation of Capital Goods upto a maximum period of 18 months from the date of completion of import may be considered by the concerned RA. ...

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Posted Under: DGFT |

Deemed Export- Refund of Terminal Excise Duty (TED)

DGFT has issued a public notice no. 31 dated 21st November 2012, allowing recipient of goods also to claim refund of terminal excise duty (TED) against deemed export supplies on production of a disclaimer form from the supplier. ...

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Posted Under: DGFT |

Procedure for registration/ applying importer exporter code (IEC)

To import in India or export out of India, IEC Code i.e. Importer Exporter Code is mandatory. IEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade, Ministry of Commerce, Government of India. No person or entity shall make any Import or Export without IEC Code Number. ...

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Posted Under: DGFT | ,

Highlights of Annual Supplement 2012-13 to Foreign Trade Policy 2009-14

7 new markets are being added to Focus Market Scheme (FMS). These countries are Algeria, Aruba, Austria, Cambodia, Myanmar, Netherland Antilles, and Ukraine. 7 new markets are being added to the Special Focus Market Scheme (Special FMS). These countries are Belize, Chile, El Salvador, Guatemala, Honduras, Morocco, and Uruguay. 46 new i...

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Posted Under: DGFT |