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Analysis of Circular on Pre-Import Condition in light of Cosmos Films Supreme Court decision

  24 Jun 2023   0 comment
Explore the implications of the Supreme Court's judgment in the Cosmos Films case on the pre-import condition and its impact on exporters benefiting from the Advance Authorization scheme. The article analyzes Circular No.16/2023-Cus issued by the CBIC, aiming to provide clarity on recrediting/refunding taxes due to the judgment. Delve int...
Posted Under: DGFT |

Amnesty Scheme – Advance Authorization & EPCG License

  07 Jun 2023   0 comment
Explore the Amnesty Scheme for Advance Authorization and EPCG License holders provided by the Government. Regularize pending cases of export obligation default by paying applicable Customs duty with capped interest. Eligible holders can benefit from this one-time opportunity, redeeming their licenses without penalties. Learn about eligibi...
Posted Under: DGFT |

CBIC & DGFT: Pre-import condition validation based on half truths is a big blow to Indian exporters

  15 May 2023   0 comment
There is no one in this world who knows all & with all due respect it is true of the Apex court. It is therefore essential that both the sides in litigation are honest & upright in their approach at the very least in those cases where the larger public interest is involved as in this case....
Posted Under: DGFT |

Amnesty Scheme for one-time settlement of default in export obligation by Advance & EPCG authorization holder

  12 May 2023   1 comment
Explore the new Amnesty Scheme under the Foreign Trade Policy 2023, allowing a one-time settlement for default in export obligations by Advance and EPCG authorization holders. Learn about the covered schemes, key highlights, eligibility, benefits, and the procedure for availing this significant relief provided by the Ministry of Commerce ...
Posted Under: DGFT |

FTP Amnesty Scheme – Action call before 30th June 2023

  07 May 2023   1 comment
The new FTP also introduces a one-time Amnesty Scheme for exporters to provide relief to the exporters who were unable to fulfil their Export Obligations against the EPCG and Advance Authorizations, in order to regularise the same....
Posted Under: DGFT |

Analysis of Chapter 6 of HBP 2023 – EOUs, EHTPs, STPs & BTPs

  05 Apr 2023   0 comment
This article is aimed at giving a comparative analysis of the new HBP provisions with the old provisions. In the new HBP 2023, the clarifications and instructions given under various occasions were summed up and provided for. Some of the provisions need further clarifications in due course of time....
Posted Under: DGFT |

Clause by clause comparision of Chpater 6 of FTP

  03 Apr 2023   0 comment
The FTP 2015-20 was extended till 31.03.2023 and a new FTP 2023 without any end date has been announced effective 01.04.2023. In this article only Chapter 6 of the Policy is being compared and comments were given wherever the changes were proposed...
Posted Under: DGFT |

All you need to know about Foreign Trade Policy 2023

  31 Mar 2023   0 comment
Foreign trade policy are a set of guidelines  and instructions which are established by Directorate General of Foreign Trade (DGFT)  related to import and export of goods in India.  This is announced after every 5 years. It creates various expectations for exporters, traders and manufacturers....
Posted Under: DGFT |

Where Does Production Linked Incentive stand in INDIA?

  12 Mar 2023   0 comment
Explore the current status of Production Linked Incentive (PLI) in India and its impact on private sector investment towards achieving the $5 trillion GDP goal....
Posted Under: DGFT |

Comparative analysis of various Export Promotion Schemes

  01 Mar 2023   2 comments
In order to boost exports from India, the Government of India has come up with different Export Promotion Schemes which are concerned with the development and regulation of foreign trade by facilitating imports into and augmenting exports from India....
Posted Under: DGFT | ,

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