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Gold award for Income Tax Department under National Award on E-Governance 2014-15

The Project marks a major step in ensuring TDS compliance through the processing of TDS returns and comprehensive data processing of TDS statements using technology driven end-to-end processes. At present 15 Lakh deductors and 2.5 crore tax payers are using various e-enabled online services through the CPC (TDS). ...

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Posted Under: Income Tax |

DGFT and Enforcement Directorate Sign MoU on Foreign Exchange Data Sharing

The Enforcement Directorate today signed a Memorandum of Understanding (MoU) with Director General of Foreign Trade (DGFT) for sharing of foreign exchange realization data. This data is also known as eBRC (Electronic Bank Realization Certificate) data....

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Posted Under: DGFT |

Highlights of Annual Supplement (2013-14) to Foreign Trade Policy 2009-14 + Announcements

Highlights of Annual Supplement (2013-14) to the Foreign Trade Policy 2009-14 Announced by Shri Anand Sharma 1. Measures to revive investors’ interest in SEZs. 1.1 A package of measures has been formulated to revive investors’ interest in SEZs and to boost exports. The salient features of the package are:- (i) In view of the acute [&h...

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Posted Under: DGFT |

Eight Lakh E-BRCs issued in First three Months

As nearly eight lakh Electronic Bank Realisation Certificates (eBRCs) have been issued in the first three months since the introduction of eBRC on August 17, 2012, Director General of Foreign Trade (DGFT) Dr. Anup K Pujari has written to Chairpersons of all the banks to address the issues pertaining to eBRC....

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Posted Under: DGFT |

Address by Shri Anand Sharma At the Release of Annual Supplement 2012-13 To the FTP 2009-14

Recognizing the efficacy of the market diversification scheme, this year we are adding 7 new markets to Focus Market Scheme (FMS). These countries are Aruba, Algeria, Austria, Cambodia, Myanmar, Netherland Antilles, and Ukraine. 7 new markets are being added to the Special Focus Market Scheme (Spl FMS)- Belize, Chile, El Salvador, Guatema...

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Posted Under: DGFT |

Roll Back of Ban on Cotton Exports – Anand Sharma meets MPs on the issue of Cotton

Roll Back of Ban on Cotton Exports The Cotton Budget for the cotton year 2011-12 was prepared by the Cotton Advisory Board. In arriving at a Cotton Export Policy a balanced perspective is taken, carefully addressing the interests of all stakeholders including farmers, traders, yarn producers and the apparel industry. ...

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Posted Under: DGFT |

India Exempts Essential Commodities to Bhutan from Export Bans

Bhutan has expressed happiness over acceptance of their request of exemption from application of any export bans on essential commodities. The Minister of Commerce, Industry and Textiles, Shri Anand Sharma, during his meeting with Mr. Lyonpo Khandu Wangchuk, Minister for Economic Affairs of Bhutan ,here today, informed that Director Gene...

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Posted Under: DGFT |

Govt reduces MEP of Non-basmati Rice to Boost Export

The EGoM in its meeting held on 9.2.2011 permitted the export of 1,00,000 MTs of Sona Masuri (from Chennai & Vishakhapatnam port), 25,000 MTs of Ponni Samba (from Tuticorin port) and 25,000 MTs of Matta rice (from Kochin port) which was notified through notification no. 21 dated 10.2.2011 and Public Notice No. 36 of 1.3.2011. A Minimum Ex...

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Posted Under: DGFT |

Govt. Announces Sops / Incentives for the Textiles Industry

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 ...

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Posted Under: DGFT |

Conditions fo Export of Non-Basmati Rice

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),...

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Posted Under: DGFT |